NOT ta Rise!
posted on
Aug 16, 2008 05:35AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
NOT ta Rise!
See ma reasons below:
Inna addition to new drilling results
Dis hassa now become.............a NO-Brainer!
Just da way I see dat!
HardRock
Ps: Just wish I had mo' cash right now ta plunk down!
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Rock US $ - Does it Matter???
The question you should ask is, “Does it matter?” The answer: Not really.
Dat's an interestin' way o' lookin' at it......................Ken Fisher's way.....................he's da guy fo' global commerce anna investment.
Da main view o' Fisher is:
- Public issa fickle
- negativity 'bout market issa overblown
- US issa slower .........but not inna depression
- boom comin' .......back end o' presidential year
So der............market issa at bottom..........stocks movin' up.
Ma main concern ..........is..........are ma Gold/metals Juniors gonna move???
I tink..........so.............Juniors will move wit market!
Just da way I see dat!
HardRock
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From: www.marketminder.com
8/15/2008 By Fisher Investments Editorial Staff
Topic:
Currencies US Economy
Story Highlights:
____________________________________...
What do the Russian-Georgian conflict, a drop in oil prices, a rise in consumer prices, and central banking expectations have in common? They’re all mentioned as reasons behind the dollar’s recent rally.
So which theory is right? In reality, all of these could have some impact on the dollar. But ultimately, what drives the dollar’s relative strength is supply and demand.
Currencies are rather like stocks—in the near term supply is relatively fixed. Long-term, central banks can issue or suck in as much money as they want. But near-term, currency wiggles are dictated by sentiment. And sentiment is fickle. People suddenly see the US as a safe haven in a world gone mad? Sure, that could cause a dollar rally. Folks suddenly banking on the US having higher interest rates later on? Fears commodities could tank? These can impact sentiment short term. But so can any silly thing. Sentiment is fleeting and you can’t know how much impact any of these will have on dollar’s future direction. Nor is there any evidence that long-term, there’s a meaningful correlation between geopolitics, oil, inflation, gold medal count, etc. and the dollar’s relative standing.
Maybe the dollar has bottomed. If that’s the case, we can almost guarantee there will be as many people bemoaning a strengthening dollar as there were over the weak dollar. A strong dollar has benefits and drawbacks, as does a weak dollar. Neither is inherently better. Or maybe the recent rally is short-lived and the dollar will remain weak for an extended period—nobody knows for sure.
The question you should ask is, “Does it matter?” The answer: Not really.
Currencies are merely different flavors of money. Sometimes a weak dollar makes your foreign returns look better, sometimes the reverse. But there’s no predictable pattern, and in the long run, the currency effect on a global portfolio is almost nil. Sure, if you short-term trade currencies, currency volatility matters. But if you’re timing currencies, you better have the world’s best crystal ball or a pile of cash to burn.
So what should you do in light of the currency hubbub? A good way to mitigate the effects of currency fluctuations is simply own a globally diversified portfolio. Because currency movements are zero-sum (one goes up, another goes down equally), the affects of a weak or strong currency gets offset over time. Fearing a strengthening dollar is about as fruitful as fearing a weaker dollar. A well-diversified global portfolio negates the need for either reaction.