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How to surf the silver wave: Maybe it's time to take some profits, and wait and see, James...
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Saturday, May 7, 2011, 8:20 AM ETHow to surf the silver wave: Maybe it's time to take some profits, and wait and see, James Stewart says. He's big on inflation hedges, but you might want to take this chance to rebalance. Meanwhile, Jim Rogers gets into the Grantham camp and is bearish on silver short-term, but still bullish on (peaked) oil.
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After a 30% decline this week?
Perhaps it was time a week ago.
Long term, this is likely a buying opportunity.
I love how Jim Rogers is suddenly bearish on commodities while he was pumping them before. Gotta love the pump and dump only to repump the inflationistas down the road. But hey, still bullish on oil, wonder how much he made on the spike that just fcked a huge portion of America while the speculators made out like bandits.
But hey, he's such a libertopian that he picked up stakes and moved to Asia to help them manipulate their currencies to further screw America. What a great American, we should all be so proud of him.
The real stupid part of this is that they think the world's going to end or the dollar will get "destroyed" or prattle on about it being "worthless", all the while posting such insanity as "purchasing power" over 100 years, only to ignore PPP and long-term real wages.
Such ignorance is astounding on one hand but hardly surprising on another. People have some perverse desire to see the end of a society they don't 100% agree with. All political spectrums see it their own way.
In one way they are akin to the religious fanatics. All of them claim that the way to salvation is their way. The way to heaven is their religion. Everybody else's believers are going to hell.
Thus, every single person on this planet is going to hell just as every single person is going to be ruined, all because everybody doesn't 100% subscribe to the same belief system.
This perverse war within humanity will never end, but luckily it occurs on the fringe of the bell curve.
What's sad is that the people in the middle of the bell curve, of whom I am sure are composed of the Bill Gross and Jim Rogers, who do nothing but pump and dump the extremists. They do it for the laughs or for the profit, probably not because they actually believe it.
Of course, maybe they do, maybe they are the 5% that the other 95% should despise, but we don't.
You see such extremism on here constantly, it's all rather disgusting.
after all the fundamental story is still there
- hyperinflation is imminent
- the collapse of the USD is an any day event noe
- the US is sure to default
- etc. etc. etc.
with all of that the intrinsic value has to be something higher than $35 - just has to be - right?
buy, buy, buy
Rogers is a survivalist nut job masquerading as an investment guru
Grantham should know better
peak oil my ass - the amount of oil for our purposes - is infinite - same goes for the all the other commodities. If that is your investment thesis - I feel sorry for your heirs.
E
I still am optimistic about silver, and I will likely put money back into 'paper' silver' using something besides SLV. I am all ears for suggestions....
If they have a table, sorry to tell you they are a dealer...If i sold you ONE coin i am a dealer,,If not then what defines a dealer???If they needed money, had a bad day, and you bought at a good price good for you.
As far as i am concerned too many DEALERS would bend you over whenever they can!!!! That is the truth.
ACE
ace
ACE
for $ 11.50
But if that sets him off like it apparently has then I hope he never has to deal with a real situation LOL
Something is gonna burst and i really don't believe it will be silver anymore, Go try and find it to buy it, pretty hard unless you want to wait three months.
Sorry but that is a long time for someone to hold my money...I WILL FIND SOMEONE WHO NEEDS TO GET OUT
ACE
Silver will go down as one of the best investments ever. Just realize what we are dealing with now is just a sec in history...KEEP BUYING PHYSICAL ON THE DIPS and put these bastaeds inti a dark corner. I just hope they run out of bullets and ides as i know they are smater than me. But i can wait them out and if we all own silver and not paper ETF'S they are done !!!
BUY PHYSICAL IF YOU CAN..
ace
But of course, i forgot, such a title will bring in more clicks and visits and make people believe " wow rogers changed his views now ".
Nice pickup,,,,,glad someone else read what i read..
ACE
Speaking of eBay, I see that the new auction listings are now bringing out the sales of the 100 ounce JM and Engelhard bricks - in quantity. A lot of the REALLY old 10 ounce A-Mark and Engelhard silver (from the 1980's) is now being pushed back on the market as well.
Why, I would have thought that - with all of this touted industrial demand - those would have been melted long ago.
But I guess not. :)
ace