I foresee a post New Year slump in spending leading to further lows on the DJIA resulting in lower lows for the ASX. No amount of stimulus can fix this 'terminal problem'. The outlook is grim. You can't just keep printing money from nowhere and ask the punters to spend it knowing full well they'll be paying it back in the form of tax at a later date. It's the ultimate scam from the greedy bastards with all the money to begin with.
Now RES is lucky because it raised enough cash to fund it's program for the next (however long) which is the ONLY reason I am still in. Lets hope they realise this and spend their dosh wisely. It's a bit disappointing we haven't had any drill results or updates yet, but that could all change on Monday for all we know.
DJIA - 4500 by April 09 :)
RES Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
