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"The best offense is a good defense," writes David Rosenberg, adding "dirt-cheap" gold mining...

"The best offense is a good defense," writes David Rosenberg, adding "dirt-cheap" gold mining stocks to his long-held bullish stance on high-quality bonds. In isolation, Greece - and a "probable" exit from the eurozone - may mean little, but a domino effect could trigger bank runs in Portugal, Spain, and maybe even Italy and France.
Comments (3)
  • Papa Jupiter
    , contributor
    Comments (12) | Send Message
     
    You wrote, " In isolation, Greece - and a "probable" exit from the eurozone - may mean little, but a domino effect could trigger bank runs in Portugal, Spain, and maybe even Italy and France." It always amazes me how little words mean to many "writers". First, Greece's exit would have enormous effects on the world economy. Second, although you wrote "may mean little", what the heck do you call bank runs in Portuagal, Spain and France? ---a run on little pink piggy banks?? Europe is heading into VERY turbulent seas. Just a couple centuries ago these countries were bitter enemies, with Germany usually heading up the society of bullies, right through two world wars. European countries going separatist now will quickly result in a economic 'war' (every country for themself!) that will cripple the world for years to come.

     

    Geez! Words and clear communication are beautiful things. Please do try to think before you write. Thanks.
    7 May 2012, 03:38 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    Ditto that.

     

    We SA followers are a demanding lot.

     

    We require clarity of thought and linguistic specificity.

     

    When the gold mining stocks start going up, buy them.

     

    Then, start buying gold and don't stop until the price peaks.

     

    Europe, no matter.
    7 May 2012, 04:46 PM Reply Like
  • Papa Jupiter
    , contributor
    Comments (12) | Send Message
     
    Hey there TwistTie-- I do believe you are correct. When international knee jerk reaction stops leading the markets, we can return to what civilizations have held 'sacred' since very ancient days---gold. What was always precious will again be seen as precious. I think that day is fast upon us---a few months maximum or perhaps even weeks. As you intelligently suggest---watch for the turn in gold and the miners and start a buy in program until the peak. Enjoy the ride!! :-)
    8 May 2012, 02:39 PM Reply Like
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