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the tipping point- the recession is upon us.

the great sell off. shit has hit the fans. after years of playing fuck the little guy the mortgage companies and the banks that own them are feeling the heat. a scam can only last for so long and now it seems that those initial cracks in the ceiling that began to appear months ago have now ruptured and are now flooding the markets. For years shisty mortage companies have put people in homes they couldn't ever afford only to jack up rates years after they are in their home. This couldn't last for ever and it seems as more and more people seek to move less and less people are able to buy. This has resulted in a all out housing collapse and in turn waves of panic selling have hit as a result of margin calls. Through out many sectors there have been massive corrections. These bouts of extreme selling present interesting opportunities. And while the metals shook with strong drops I believe they still remain the one refugee from the coming storm.

All over the world there is a growing stigma to flea from the dollar as the US housing troubles begin to appear in foreign markets. The sudden minor strength of the dollar is nothing but a prop up. Thus as the picture becomes more bleak I believes metals excel. That being said there is another major bull commodity that has been shell shocked in recent weeks- uranium. I must stress that I believe there is no underlining change in the fundamental long term picture- there is however effects of major financial institutions being pushed severely towards the flames of the red that has caused a sudden cash crunch mandating that positions in which profit still exists must immediately be liquified. These sudden plummets into the deep abyss, I believe, present tremendous buying opportunities. While the world waits to see what curves and bumps await America's financial future there is little that changes in terms of the planet's dire need to abandon fossil fuels and to embrace a nuclear future.

I must advocate anyone who has not been involved in the last years screaming uranium bull market to seriously consider watching- ur energy, mega uranium, pinetree capital, santoy, ditem resouces.

These are wild times. Hold tight....

~BIG L


 

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