http://www.dailyreckoning.com.au/market-best-time-to-invest/2008/11/25/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/market-best-time-to-invest/2008/11/25/comment-page-1/#comment-53708 Coffee Addict Tue, 25 Nov 2008 04:18:48 +0000 http://www.dailyreckoning.com.au/?p=4476#comment-53708 Kris Sayce reports that the ASX has dropped 50% but the real drop (against other major currencies) is much much higher (about 70%). Tiny resource juniors have lost a massive 90% in real terms and they have nowhere else to go but up. If managed well , these hopefuls WILL manage their cash, and if need be, may leave the stuff in the ground for a while. Such action does not greatly effect the NPV of the underlying resource. This is particularly so in the case of prospective gold juniors. I expect that the Chinese (in desperate need of spending soon to be worthless USDs) will even return to some of their heritage digs in Victoria. Kris Sayce reports that the ASX has dropped 50% but the real drop (against other major currencies) is much much higher (about 70%). Tiny resource juniors have lost a massive 90% in real terms and they have nowhere else to go but up. If managed well , these hopefuls WILL manage their cash, and if need be, may leave the stuff in the ground for a while. Such action does not greatly effect the NPV of the underlying resource. This is particularly so in the case of prospective gold juniors. I expect that the Chinese (in desperate need of spending soon to be worthless USDs) will even return to some of their heritage digs in Victoria.

]]>