chux08

Gold: What It Will Take to Overcome $1000

"Gold bugs should expect to suffer more short term pain in this great long term core holding."

Pain?? I was thinking & BOOKING PROFITS!! I'm no gold bug but I did manage to sell some at $950 for a nice profit earlier today. If you buy your gold like you buy your groceries and that's when the price is (going) down and sell into strength, when the price is rising, I (and others who've learned how to trade "the lowest risk investment on Earth" like I have) don't care what the price of gold is going or not going to do. PRICE DICTATES MY MOVES, so if it does go to $700 you can be sure I'll be there on the BUY, gladly scooping up the gold you lost your nerve and bailed on. But yet, if it goes to $1200 you can BET that ain't my first sell point either and that I've made money at EVERY $25 stop of the old gold train as well.
Ya....pain....I don't know how much more of this I'll be able to stand!!!!!!!! :-)

Could Ownership of Companies Like Silver Wheaton Be Outlawed?

The people I know who hold gold & silver also hold guns and the government's chances of "recovering" either from such folks are, I would say, between SLIM & NONE. And besides, there's just too many lawyers in the US with not enough to do to ever let something like this try and get a foothold. You want to see a gold & silver black market?? Just let the tyrants in Washington DC try such skulduggery and they'll get another valuable lesson in Economics 101, something that's obviously missing, along with studies of history. Could you possibly find a group of so called leaders anywhere that constantly display such....IGNORANCE and lackluster performance on either subject as they do in the halls of our government?? That's OUR problem....

The author's right about possibility number 2 and Silver Wheaton...the rest of his article just.....inflames passions.

Where Can We Make Profits?

Great, great article! And between the inverse ETF's and the precious metals and their stocks, that's basically what I've been doing now for a couple of months. I too suspect there's nothing fixed with the banks and financials but at the least I don't believe them, no matter what they may say. And it sounds like anyone else so employing a similar strategy most likely feels the same way. TRUTH talks....B.S. walks. And truth these days means GOLD, not the lies, lies and dammed lies of the bankers and their paper pushing protectors in Washington DC.

Got gold or silver??

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....

The Case for Gold Today

I'm NOT a goldbug BUT...in these times I guess, like Howard Ruff (rufftimes.com ) I am!! Faith in paper money OR our government? Nope...I have none. Faith in gold? More so than the dollar, that's for sure. Faith in myself?? There ya go...