Grass Ranger

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    • Wed Mar 5th 16:31 PM | Rating: 0 0
      Commented on:
      Mines' Eyes Have Not Seen The Glory
      Good advice for someone who is not now in the gold market but is thinking about taking a position. A lower risk position would be to buy GDX, the miners ETF based on the Amex Gold Miners Index. You won't hit a home run with it like buying Seabridge in 2003 but it won't be a Bre-X or a dot.com either. Because the gold bull market likely has a few years to run, I am buying GDX 100 shares at a time each time it pulls back 5 to 10%. This has worked well since it was at $34. When gold hits 1600, I'll start thinking about selling some at certain percentage point increases from there. Regarding the rest of the economy and financial system, good luck to us all. We are going to need it.
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    • Wed Mar 5th 16:09 PM | Rating: 0 0
      Commented on:
      Is it a Good Time to Sell Gold Yet?
      The chances of gold going back to 275 in the future are about the same as the chances that gold would return to $35 after the run up to 850 in 1980. The steady increase of dollars in circulation in the future, in comparison to the miniscule increase in the gold supply, will guarantee the price never returns to 275. The last time the IMF sold large amounts of gold coincides with the beginning of the greatest increases in gold prices in the 1970s.
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    • Mon Mar 3rd 13:59 PM | Rating: 0 0
      Commented on:
      5 Reasons to Save the Greenback
      Steve Agnew - "Clearly oil futures are in the midst of such a frenzy and so an obvious strategy would be for the central banks to short oil...big time."

      Short Oil?? Who is going to loan oil to a central bank to put it into the market? Haven't you seen the effects of going short against the commodities lately. These price run-ups are due to demand for commodities in short supply, not just speculators making a fast buck. The reason the buck is so cheap is that there are so many of them floating around the world that no one wants.
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