TSE AUG 2010

The TSE is potentially showing a very scary 1-2, 1-2 situation. Given the overlaps not too many alternatives present themselves. We should go down a little further tomorrow and then come back into Monday to keep the spirits going, thereafter it COULD be all downhill for a while. After hearing that our “authorities” are more concerned about losing the potash cartel than the price at which Potash Corp. might be taken over, I would not be surprised to see a backlash  against an economy that prides itself on torpedoing free-enterprise wherever it shows up.