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A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%,...
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Tuesday, December 4, 2012, 9:13 AM ETA sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket.
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seeing deflation going forward. Japan has been printing money
for 20 years to fight deflation and a too strong yen. The US is
copying Japan.
IMO, the PMs are only trades, not investments. Therefore silver
is better for its greater volatility, and also it's consumption as a
commodity is a bullish driver. My goal is capturing volatility via
the leveraged silver ETF AGQ and its inverse ZSL.
Currently, the outlook for silver is bearish due to excessive
bullish sentiment.
1) will fluctuate wildly in value, just look at the 2012 yearly chart, so far;
2)as opposed to a stock of a company, will never be held hostage to,say, a greedy imbecile of a CEO, a smarter competitor with a better product, or new, unanticipated product line that makes gold obsolete;
3) won't evaporate or burn, will still be there even if submerged in salt water for a few thousand years;
4) could lose value for a time if almost everyone decides that Colorado pot companies, water for the west, some super new solar cell, or even tulip bulbs will bring instant and nearly infinite wealth;
5) I am hugely into gold. I sleep well. I know I could lose a bunch, but then who is so clever as to avert that possibility with high certainty.
6) the history of nations would make me uncomfortable trading my gold for dollars, euros, etc. I might consider Canadian farmland but they won't let me.
e
I know that physical gold is the only safe ploy at the moment.