The closer I look at Andrea Rossi’s ”cold fusion” E-Cat, the more real it looks. He’s more than halfway through a torture test of 20 E-Cats running at 600 degrees Celsius, and when the test is done he’s supposed to do a big announcement. Assuming it’s real and that, as appears likely, the test will be a great success and his announcement will be forthcoming, it seems likely to me that the energy markets will plunge in a knee-jerk reaction despite that it will take years for the E-Cat to make a significant dent in the energy generation markets. Thoughts?
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“Thoughts?”
Yeah. I wouldn’t bet the farm on it. If somebody else, preferably someone who is trying to disprove it, duplicates his results, then I might change my mind.
Until Rossi is willing to submit to outside evaluation from an acknowledged expert, it’s still just hearsay.
All commodities, energy related or for industry, are likely to take a hit for a while. Fusion energy of any type is still a pipe dream. We are in the double dip of the recession although most people don’t know it yet. Physical gold and silver will not drop too much as it is survival insurance for those who have been buying these metals.
Major mining companies have canceled most new development projects for copper, iron ore, thermal coal, metallurgical coal, etc. See BHP Billiton, Rio Tinto, Anglo, Peabody, Xstrata. CAT & JOY stock has been on a steady decline for months. Worries are the elections this fall, euro crisis, potential China slowdown – are all headwinds for investors. The market will react sharply down if Obama is re-elected. His measures to “fix” our economy are dangerous nonsense. Israel / Iran has the potential to pop ahead of the Nov election to force Obama to commit support to Israel, support he will not give after the election, no matter reelected or not.
Put on your storm gear and hunker down as rain, clouds and possible doom lie ahead.