drooyrich

Bank of America / Merrill: Shotgun Marriage

CDO, CDS, OA and other derivative bombs in Merrils' asset 3 level will destroy BAC..no idea why these guys are doing this unless thay have been promised "something"...watch BAC trade significantly under on Mondays open..

If This Comes True, You'll Be Glad You Own Gold & Silver

PS again - if Hecla is undervalued, go to First Silver Majestic for an undervalued one - Hecla is trading at 1 billion dollars cap, producing 6 million ounces of silver and 100 million proven and probable (plus a gold mine in Venezuela, blee) while First Silver is trading at one fourth the cap, will be producing more silver this year, around 7 million and is targeting to have more than 200 million ounces of silver reserves probale and proven - seems quite evident to me - the reason of this difference ? Simple, First Silver is a junior who in the space of 2 years has become a medium-large player and is still off the radar screens - best luck to all - I do have shares of Frist Silver Majestic of course - trading on the TSE as FR.TO

If This Comes True, You'll Be Glad You Own Gold & Silver

Autaber, as I said in another post we are in the winter cycle according to Kondratieff where the credit boom = debt boom has been fenomenal - now, this theory well documented which has with precision forecasted financials boom and bust is now predicting deflation - frankly, I cannot see how we will get deflation since the other tsunami is much bigger i.e. peak oil - with oil becoming more and more expensive, this will have an inflationary impact on food, energy, metals, etc. I think the deflation will be on housing, stocks, bonds - so, according the the classical Kondratieff theory, gold will outperform during the housing/stock/bond deflation and should do even better since we will have inflation on food/energy/raw materials - the target price ?? Ok, if we calculate how much monetary mass has been increased during the Autumn period (1980-2000) gold price should rise to 32.000 dollars just to match this increase - I know this sounds crazy but these are the facts - will it ? I would be happy for just 6000-10.000 dollars - best luck to you - protect yourself, your family because what is to come will not be pretty at all !