No time for Panic, if you are in Goldies and Commodities, just look at this chart it is NASDAQ Vs HUI from Top of NASDAQ to the present day:
Today all stocks have been punished, the truth is that All Three Major markets NASDAQ, Dow and S&P are due for correction.Chinese are trying to cool off speculation with trade on Margin, same thing that has brought Great Depression in USA and Crash in 1929. But China's economy is still growing and will do so in years to come, this cool off will be the base for the steady growth. They will expand urbanisation and will need commodities for its development. China, India, Brazil and Russia have only get a taste of Consumer Power, middle class is only developing there and will become major driving force for new Power shift. Infrastructure development and rising consumer in these countries will be the most powerful engines for economy in the next decade. To the contrary Western developed economies and USA particularly are close to Recession. Consumers are overburden with debt and country's finance is a total mess. Housing Bubble is reducing consumer's ability to spend and is putting more and more people into Negative saving territory, contrary to Brics countries with rising savings which will become foundation of new investment cycle in those countries. Gold and Foreign reserves are rising in Russia and China as well. People and countries are having more money to invest and spend. While Wall Street was amused with Google China has bought out Half of Africa's resources, Russia is doing the same. With Crashing markets and Housing Bubble in USA rates will go down, USD will go down, Gold and Silver will go up, Juniors will go up, oil will go up, and alternative energy and uranium will follow after correction. Nobody knows the future we can only prepare ourself and think, think, think if we are right we will live the good life...
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