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  • A $1Million Wager for Gold Bears [View article]
    It seems I've become one of those poor smucks who just talks to hear himself talking. Like: I smell a sucker play building up and since I'm mining and not holding (temptation @ 888 & -), you gotta know where I'd gladly stand. My guys will keep digging, even if I have to dig with'm. My bet is cheaper money
    ALL THE WAY AROUND THE GLOBE. I made a joke about gold back down to less than 500, might happen
    (never know).

    But if gut feelings count for anything, I'd hold for dear life. Why? By 2011 gold could be marching past 2500. And that last 2500 you got in the bank may need to be divided between the mortgage, utilities, groceries and misc. other bills-at that time! The thing
    about my position is, if we're good for 25% of the market price per ounce on a per share basis a few of those bumps in the road phase little.

    OF COURSE I SHOULDN'T SAY IT but whose commercial paper stands alone at crunch time? Well, thanks to Credit Crunch everybodies' gets a chance at
    bat as we speak!
    Apr 02 22:31 pm |Rating: 0 0
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