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McEwen Mining Inc. Message Board

  • bmachineny bmachineny May 10, 2013 5:39 PM Flag

    continued

    If the historical pattern holds, we are now entering a long period of falling commodity prices, which could last two decades. That is good for importers such as the U.S., as was the case in the 1980s and 1990s when commodity prices were falling. The current fall in retail gasoline prices should increase the purchasing power of the American consumer and offset the fiscal drag from the government sequestration cuts.
    Meanwhile, the nations that have reveled in the commodity boom of recent years are likely to face a disheartening return to the mundane ordeals of normal life. Buddhist monks have a phrase for it: “After the ecstasy, the laundry.”

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    • Forget historical patterns; with the advent and constantly increasing number of HFT trading platforms, historical patterns are null and void.

      “After the ecstasy, the laundry.”

      We seem to have a paradox here, or perhaps the reason revealed for apparent turmoil that is constantly exhibited; that is, if you profess to be a follower of the Buddhist tradition.

      After the ecstasy, the laundry, speaks of the development of a wise heart. A wise heart does not/will not dwell in a vessel that is occupied by an angry mind and a foul, insulting mouth.

      • 1 Reply to robey743
      • 'Forget historical patterns' Exactly what I've been saying all along. The game has changed. The paradigm has changed. Gold is Dead. I remembe ra drug company CEO saying that their goal is to make cancer a manageable disease. Did you get that? Manageable. Not a cure. The same as I hear a Big financial slimebag saying how they will keep gold in the mid to high teens for good. For them, It's doable. Paper forever and ever. For better or worse.

    • Tell all the moly, copper and ore producers that. I think they would disagree. Those commodities have fallen for some time now. FCX, MCP, CLF and a few others are on the floor with their toes pointed to the sky now.

 
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