Friday, August 17, 2007
Gold mining stocks down 23pc – correcting nicely
For anyone who wants to preserve their savings when the world's central banks start slashing IRs later this year, gold stocks are a good, if not the only option. Don't buy just yet, but after this 20-25% crash has bottomed. GBP will fall quite sharply over the next year or 2. There is no point buying a house until 2010-2011 anyway - we all know that in our hearts. I am hoping that gold will peak (somewhere near the stratosphere) when HPC bottoms around 2011-2012 then its off to buy that Huf House in the Cotswolds and retire.