[lu]

Here’s a pick.

Disclosure: I don’t own any NEM shares. But I’m thinking about buying some if GLD doesn’t break down to the point where Chris Johnston recommended selling. ($570 was it?) 🙂

http://hipegg.blogspot.com/2006/05/newmont-mining-still-shining.html

http://hipegg.blogspot.com/2006/08/newmont-mining-corp.html

http://hipegg.blogspot.com/2006/09/newmont-mining.html

[lu]

One chartist's opinion:

http://hipegg.blogspot.com/2006/09/lennar-collapsing.html

Disclosure: I own some LEN puts ($40 strike) that expire in Jan07.

[lu]

Dent also has a new book: “The Next Great Bubble Boom”.

Two shorter works of his: “Demographic Trends in Real Estate” and “Bubble After Bubble in The Ongoing Bubble Boom”.

I think his argument can be summarized by stating that money will keep flowing from one bursting bubble into another sector, creating a new bubble, one after another, until eventually it all ends really badly.

Roubini on the other hand predicts a deep recession (caused by the RE bust) starting much sooner, in early 07.

Thoughts? Anyone have a working crystal ball? 🙂

[Author]

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