chux08

Major Buy Signal Now Flashing for Gold Stocks

If you guys want to know how to NOT buy gold, just follow Dennis Gartman, writer of the Gartman Letter. You'll see that guy buying gold on the way up and then he'll be shorting gold while it's falling. It's QUITE amusing!!
Personally, I had about 3000 ounces of silver in my GoldMoney holding, which I had acquired last November at under $10 an ounce. Here about 10 days ago, I flipped ALL of my silver bullion while I was up and then bought gold while it was about $867 an ounce. Let's see.....I sold some last Friday, though NOT MUCH, for an almost $50 per ounce....profit. And some are still standing at the sidelines wondering what they should do regarding gold?? You keep wondering and I'll keep selling when the price is flying and buying more when the price goes down.
Just remember that....when you get so nervous about the price of gold falling and you sell your gold INTO WEAKNESS because you lost your....nerve? No...if you're selling your gold into weakness, YOU'VE LOST YOUR MIND!! And there'll be others just like me waiting to relieve you of your falling in price gold, laughing all the way to the proverbial bank. You think I'm kidding??
Try this next time....
BUY gold when it's going DOWN (What? You think it would EVER fall to zero, like your paper money in your wallet is going to do?? Until you get over that mental block, you'll NEVER do well investing in gold). When it keeps going down, buy more. The more it falls, the more you buy. And then when it turns around (which it always does) SELL some of your gold when it's appreciating and going up in value. SELL INTO STRENGTH. Again, you think I'm kidding?? How much gold did YOU sell last Friday for a profit??
If all of this sounds...interesting to you, may I invite you to have a look at a gentleman's website that has helped me IMMENSELY when it comes to my investing in gold and other commodities, UNLIKE NO OTHER?? Check out Stewart Thomson's:

gracelandupdates.com

Major Buy Signal Now Flashing for Gold Stocks

Your jeweler is smart....and he probably buys gold like the bankers do. And that's when it's going down. When you go to the supermarket do you look for and buy the highest priced tomatoes? Of course you don't. Then why in Hell would you buy gold when it 's going up?? Your jeweler was busy buying when it was down around $870 or so just like the bankers were busy doing. Just like I was doing doing. Today what was I doing?? I WAS SELLING GOLD FOR A PROFIT unlike you who were standing around wondering if it's time to.....jump in?? My God...WAKE UP!! And go ask your wife how she buys groceries and then maybe let her go and buy your gold....

Invest in Gold Miners, Silver Miners, or Both?

No mention of Alexco or MAG Silver? Though their share price isn't a match for SLW, PAAS or SSRI, IF there happens to be a downside move, these two wouldn't (in theory) move as far in that direction.
AXU has been mentioned in Seeking Alpha numerous times and now that they're all cashed up, thank to a deal with Silver Wheaton some months back, and on their way towards production, you definitely have to take a look at them.
MAG could be the object of a takeover, not to mention they have an excellent resource there in sunny old Mexico, with the drills continuing to turn.
Other than that, the author's right about a limited selection of QUALITY silver miners available to those in the know about silver stocks....

Banking Won't Be Fun for a While

At least it shouldn't be fun for the banksters "playing the game"....
I mean, I'm no gold bug but why anyone in this kind of economic climate being hosted by this type of government approved economic scourge would rather buy paper from Mr. Bankster instead of good ol real money gold, is beyond me. And I believe over time, especially THIS TIME, the precious metals crowd will be proven right....again.
Now, if we could just get some of these bastards into jail where they belong, the world would be well on it's way to being a better place. Banksters belong on a short leash (or a long rope) and we're all witness to what happens when we let it stretch too long.

Currency Illusions and the Gold Price Suppression

Instead of enclosing the entire $15k in "taxes due for 2008", I enclosed one third of that when I mailed them my check on the 15th and told a friend that between now and the 120 day extension I applied for, that maybe the dollar will blow up and I won't (have to) pay. I don't mind the tax part but $10k of what I owe this year is a PENALTY from being under the age of 59 and one half when I took a lump sum buyout after 30+ years of working in a road division of a large metropolitan city. Am I pissed? Pissed enough to wish for a currency crisis featuring dollars....crashing. And gold & silver doing what they always does in such times.

Gold as a Savings Instrument - Not an Investment

I have a chart that shows what happened to $100,00 invested in the NASDAQ, the S&P 500, the DOW, Silver & Gold on January 1, 2000.

On October 15, 2008 this chart said that same $100k invested in the NASDAQ mentioned above would be worth $40, 327
the S & P 500 would be worth $62,022
the DOW would be worth $74,897
Silver would be worth $188,991 and $100k invested in GOLD on January 1, 2000 would be worth on October 15, 2008

$293,588

This chart was published at Casey Research dot com and if one picture was ever worth a thousand words....well, I wish I could show it to you because the anti gold people STILL....can't handle the truth. And the truth IS, since January 1, 2000 and besides being REAL MONEY, GOLD (and PM's in general) HAS BEEN THE PLACE TO BE, at least in that time frame.

Will Gold Stock Earnings Surprise Anyone?

Sounds like he's saying you'd be better off buying Yamana, Silver Wheaton or Royal Gold shares and I think his chart says the same thing. I sold my shares of SLW about 10 days ago for a nice 26% profit and then they dipped back down to where I sold em, earlier today. So guess what I bought....again? Not as many as I sold but I guess we're made for each other. I added more AUY shares today also, as well as a couple more LOW PRICED GLD ounces. It's good to be diversified....in precious metals!!
Great article, thanks!

The Imminent Equity Implosion

A HUGE bankruptcy filing today in the commercial real estate industry today and SRS actually goes down to a NEW 52 week low?? What's up with that??
Anyway, a great article from one of my favorite Alpha authors!

An End to Cheap Water

I used to own a small gold miner who has the Briggs mine in southern California though I was warned about some of the problems that miners can sometimes incur on projects in the Golden state. I've taken that to mean that when it comes to commodity investments there, I'm gonna keep on looking, water investments included. But for some ideas on water plays try: PHO, WTR, WTS or CCC as well as the agricultural ETF's that depend on quality water and should be a good investment match. Anywhere but there, it seems.

Short Term Tactics and Long Term Strategy

"Call me crazy, but when ANYTHING that I'm thinking of buying is making new 52-week lows, it gives me pause"

Hopefully, that's because you're buying while it's down there!! IT'S ON SALE!!! Tell me something. When you go to the store to buy something, do you not look for the lowest price and then usually buy that item?? Or when you see a housewife going to buy 5 pounds of tomatoes and she's carrying a shopping list. Do you think she's looking for the highest priced tomatoes to buy?? So, if she's not looking for the high priced item to buy, WHY DO OTHERWISE SMART PEOPLE BUY STOCKS THE COMPLETE OPPOSITE OF HOW THEIR WIFE BUY'S THEIR WEEKLY GROCERIES DOWN AT THE LOCAL MARKET???

The Imminent Equity Implosion

Great article. It's nice to know that being (basically long) in SKF & SRS at their new lows as well as having some long shares in AUY, MFN & MVG and I think I'm on the right track too. 30 ounces of gold and 2500 ounces of silver setting in a GoldMoney account safely overseas doesn't hurt either.

Goldman who??

Short Term Tactics and Long Term Strategy

He's most likely "changed his mind" on his entry points due to the fact that SKF established a new 52 week low closing below $65 last Thursday. Same thing with SRS as it closed at $32.89 well below where he said he was buying in. So what? If that was the case, he can buy when he wants just like the rest of us. I see nothing wrong here with WHEREVER he decides to buy in. The point he makes isn't the entry point. The point is what he's buying. And when it comes to SKF and SRS TODAY, I'm with him....

8 Reasons ETF Investors Go for the Gold

All of history's alchemists and all the other government magicians since time began have never been able to "make" gold and that's the real reason for it's....value, perceived or not. It is what it is and that it has been used and seen as money and a store of wealth for millions of people over the span of thousands of years is without argument. And all with or without any government's approval. I have a hard time contemplating any economic reality if the barbarous relic didn't exist.
And finally, I'd bet almost anything that the anti-gold crowd also hated history, along with Austrian, free market economics if they were even exposed to it in school. No wonder there's such ignorance about gold in our country. It was planned that way....

One World, One Currency?

I guess I see as you couldn't even get this group to agree that it's daylight at noon. Let alone agree on the provisions of a world currency. Sure, that'll happen soon as we see bigfoot, the financial crisis end and D.B.Cooper walks out of his Columbia river grave and gives a news conference....

Five Metal Royalty Companies to Consider

comox - Do yourself a favor and buy yourself a subscription to one of the many fine precious metal focused newsletters that are available like Doug Casey offers, David Morgan, The Silver-Investor, Howard Ruff, Zeal, Coffin Bros, Greg McCoach, Porter Stansberry & Assoc or any of the others that do a good job of steering the non-experts in the right direction.when it comes to investing in silver and gold stocks. I've been with Casey Research for a couple years and besides giving good reco's I also like their free market, Libertarian point of view. They TEACH as well as GUIDE and THEY ARE EXCELLENT READS!! You can find many of them at Goldseek dot com or 321gold dot com or even do a Google. There's a lot of aspects to good investing in PM's and a good NL subscription is a valuable tool. Choose wisely and good luck!!