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Pan American Silver Corp. Message Board

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  • Sarah_Oz Sarah_Oz Aug 6, 2004 6:23 PM Flag

    Black Monday

    Forget about Monday. August and September are traditionally the two worst months for the market so I'm hardly shocked at the events that have transpired. Similarly, November through January are usually the best months, so we should have much to look forward to.

    While Presidential elections normally also stir the markets to action, this year may be an exception for the simple reason that, IMHO, the incumbent needs terrorism as the main focus of the American people in order to win. However, whenever terrorism has become the focus, the markets have become jittery. So, I would expect that the markets really won't turn around until early November.

    That being said, PAAS' recent action (as well as the price of silver) has been fine and should improve further. Several of the juniors have also begun to stir in recent weeks. I've been continuing to buy selectively.

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    • Ain't you quite the pundit. I have news for you, you must be the smartest and most intuitive person on "the street" because not even the most pessimistic doomsayers imagined an employment number this anemic.

      Trust me, this came as a shock-o-rama to everyone involved. Where I would normally think we would be in for a nice head-fake to bring in the stupid money, I'm thinking we just go in the tank for a bit.

      It's over. Welcome in the pretend hero. Can't wait for the effect Kerry's "wealth redistribution" plan will have on the economy. Go much as I hate to say it.

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