kezman, so far the only crisis is in the
financial markets. Do you remember just a few years back
when the average P/E ratio of the S & P 500 stocks
ranged between 12 and 18. Then for the last few years
all the old rules seemed to go out the window and
P/E's went crazy.
Well maybe now we have to pay
for all those excesses that have been falsely built
into the markets; You know all that wealth that was
created on paper through inflated stock values which is
evaporating before our very eyes right now. If you study the
patterns of PM's prices, you will see that in times of
severe financial turmoil, nothing does well, not even
PM's.
We live in a paper world. We live in Al Gore's
world; And that does not bode well for PM's. All
IMHO!!!!!!!