drbob66

Silver Prices Are About to Fall

"based on charts I've examined, the way I see things, silver prices could temporarily fall to $11 per troy, again, or even lower, before March 2010. "

Well, according to MY chart analysis, silver may pull back to around $14.50 (NOT $11)...and then continue upward to $20. Sure, I could trade around that and attempt to avoid a maybe 10-15% decline in paper gains...but instead I think I'll take the opportunity to ADD to my silver position on weakness.

"Prognostications as to exact prices, of course, are seldom accurate."

At least you got that part right. Still, I say silver will hit $20 before it sees $11.

Are We More Like 1932 - or 1923?

"Only gold will play its traditional role as a protector of savings against inflationary onslaught...gold prices are likely to shoot much higher, perhaps beyond their 1980 peak of $2,300 in today’s dollars."

Funny, I've been holding a few percent of my portfolio in GLD for over 6 mos. now, and it's done essentially nothing. Has it protected the value of my money? Yeah, I guess...but it hasn't GROWN it. Oddly enough, those shares of BAC and WFC that I bought in early March have performed MUCH better.

I keep reading posts here suggesting that gold is worth >$2000 ("in today's dollars")...yet it's trading right now for about $860. Go figure.

Is It Time to Buy? What History Shows

Okay, KOOL...Bought some @$0.37. Let's see where this stock is in a few years.

Corporate Insiders in Buying Frenzy

Interesting stats. I've noticed a lot of insider buying in the stocks that I regularly watch (and some that I own)...and I've bought along with some of them. Many fo the insiders were early, of course...since they probably just couldn't imagine that their stocks would get beaten down so badly within a few months. "Offgrid" thinks that the insiders will regret their purchases, but I doubt it...I suspect that many of them simply have a longer time horizon for their investments (i.e., they're investing, not trading), and don't really worry if the stock goes down a little more. I've even seen a few instances where insiders have bought additional shares after last weeks declines. My opinion is that these guys generally should have a pretty good idea as to how their business will do in the long term.