6 Benefits of Investing in Silver ETFs [View article]
SILVR audits its physical holdings, I think twice a year. I'm in both but I'm a little nervous about SLV. And, please, no one start shouting about physical versus paper. I have pounds of silver eagles in the house and pounds of gold bullion in coins.
Plenty of silver with the base metal mining? We're in a silver shortage position and have been living off recycled silver, which can't go on forever, with more and more silver uses.
Until there's a dollar event? Good heavens--look at the dollar chart. This is the event. The dollar is sliding, sliding, sliding. That's an event.
And you trust the Fed to stop monetizing the debt? On what planet?
As for the Buffet bet on Burlington Northern, that's a bet on peak oil, not a bet on growth. It' a bet on diminished trucking and an interesting step at that.
And what if Jim Rodgers and others are right and Nouriel Roubini is wrong? Gold and silver aren't in a bubble--they're undervalued. Rodgers, who is not a perennial gold bull says that Roubini hasn't done his homework. Who else is on the side of gold? John Paulson for one. Marc Faber, who smiles wryly when he predicts financial collapse...
Commodities: How to Trade Like Goldman Sachs [View article]
Is Goldman really bearish on gold and silver or is it manipulating gold and silver prices the best it can because of enormous short positions? And even if Goldman were bearish on the PMs, which I don't believe for a second, would that position be correct with India just buying 200 tons from the IMF?
Silver Futures Show Markets Are Acting Strangely [View article]
They're hedgers? Meaning they're producing silver and hedging their production? I don't think so. They're manipulators, pure and simple. Where are Gary Gensler and the CFTC and reform?
The Yin-Yang of Deflation and Inflation [View article]
I, too, have listened to the endless arguments. While money supply was growing, I thought the inflationists had clearly won. Now money supply is down and I'm not so sure. Maybe deflation now, inflation later. But, at any rate, one must be in precious metals since they represent the only stability possible for savings. Gold at 500 would be fine it it's complete deflation and everything costs much, much less. The point is that the PMs maintain purchasing power in an otherwise uncertain economic environment. Dollar "strong" against other paper currencies, or weak against stronger national monies. Whatever. What else can you do but be in hard assets?
What do you move to is a very good question and one reason why gold and silver will move higher. I sold oil and made some money, but here it is back up again. :)
I wouldn't sell at the start of a powerful wave up because of a tiny correction. Yes, I've sold things early and have been sorry. Look, today is stronger for both gold and silver. Anyway, yesterday, I bought more silver. The point here isn't just to make some money but to protect yourself for the longer run, which may be not so pleasant.
Today in Commodities: Avoid Crowded Trades [View article]
Long metals may look crowded, but that doesn't mean it's wrong, especially now that we have a small pullback and if you sold a little on strength. I noticed that last Thursday/Friday were a bit weak, too. I think that's partly because traders didn't want to go into the long weekend long, but also, there may be some suppression so the week doesn't close too high. Just a thought. :) At any rate, in the long run, these prices will be low. I don't think silver is going down to $16, but who knows.
Does the Good News Point to a Market Top? [View article]
What high and low are isn't always that clear. Not everyone has bought the PMs yet. With a further collapse, yes, everyone will jump in. That's the fundamentals, but you also want to look at the technicals, and the technicals seem to be saying that gold will be up another 20 percent or so in the next few months. I don't trade gold and silver--I buy and hold both physical and now the new Swiss ETFs. I haven't heard any negative comments on these yet: SGOL and SIVR.
Today in Commodities: Suspend Your Disbelief [View article]
The dollar can strengthen along with strong gold. Ah, yes. Because many traders know a stronger dollar doesn't mean more purchasing power. Anyway, the dollar isn't strengthening and the federal government doesn't want it to. As for silver, I have a lot in silver, but yesterday it was a tad weak. It's going to shoot the moon--we just don't know the timing. On anything. Nothing goes straight up. But sometimes it seems to.
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Latest | Highest rated6 Benefits of Investing in Silver ETFs [View article]
Silver Prices Are About to Fall [View article]
Until there's a dollar event? Good heavens--look at the dollar chart. This is the event. The dollar is sliding, sliding, sliding. That's an event.
And you trust the Fed to stop monetizing the debt? On what planet?
As for the Buffet bet on Burlington Northern, that's a bet on peak oil, not a bet on growth. It' a bet on diminished trucking and an interesting step at that.
The Problem of Where to Invest [View article]
The Problem of Where to Invest [View article]
IMF Sells 200 Tonnes of Gold to India for $6.7 Billion [View article]
Commodities: How to Trade Like Goldman Sachs [View article]
Hold That Gold! [View article]
In Search of Elephants: Purchase or Perish in the Gold Mining Industry [View article]
Silver Futures Show Markets Are Acting Strangely [View article]
The Yin-Yang of Deflation and Inflation [View article]
Sold Gold [View article]
Sold Gold [View article]
Today in Commodities: Avoid Crowded Trades [View article]
Does the Good News Point to a Market Top? [View article]
Today in Commodities: Suspend Your Disbelief [View article]