Baires

Yes, I agree, the gold stocks look a win win either way to me. The only fly in the ointment for the Hoye camp (who I don't agree with by the way but lets says he's right), is Peak Oil.

With oil at $200 or even $500 a barrel, the economics of mining projects will be transformed for the worse unless the price of the metals respond accordingly, which I think they would due to the desperate money printing that would ensue. Peak Oil starts to bite soon, recovery or no recovery, just because of depletion. There'll be more knashing and wailing about speculators but this is the real deal... we're heading for a major energy supply crunch sometime over the next 5 years and there's no avoiding it now.

I can't see any good outcomes for the economy but I do think gold and eventually energy are the safe hedges against the chaos that will likely engulf us all over the next decade.

EC