rcro

Silver Prices Are About to Fall

A number of technical analysts including Prechter have made similar predictions, so it would not surprise me if silver did go down a bit. This pop in the price of the dollar is predicated on the theory that people will rush to buy dollars for safety if the market starts to tank. However, since the advent of the web, most people are more knowledgeable about markets. I don't know why anyone would want to buy dollars in the event of a market collapse. Many of the same analysts who are predicting a pop in the dollar are also predicting depression of a magnitude never before seen. They are also predicting the market may start collapsing any day now. If the dollar does in fact collapse from 75-76 to 42-44 it would seem to me that it would be a good idea to back the truck up--in the event silver does drop a bit. In fact, I think it would be wise to have 50% or more of a persons assets in commodities especially silver and gold. I remember the depression vividly. Banks failed. People lost their savings. Stocks became worthless. Even though corporations promised payment in gold of a certain fineness, the bond became worthless. The bonds of foreign countries became worthless. Only gold and silver kept or increase their value. None of this propaganda served up to me every day by smiling pundits on CNBC & elsewhere trying to scam me out of my property is going to change my mind. Let the price of silver and gold drop, I will keep mine and maybe buy more. I do not gamble. You scammed me in the past. You ran the market up, scammed me into buying, then shorted causing me to lose big time, but you are not going to do it this time. Screw you.

Significant Insider Buying at Visa and Nevada Gold

ANV. If the director Robert Mackay Buchan is the same person as the Robert M. Buchan who was the former CEO of Kinross Gold, I wouldn't touch the stock with a 10 foot pole. He has the unique talent of converting large shareholder equity into small shareholder equity. He left Kinross after a shareholder suit was filed against him by shareholders in former Russian provinces and also after the class action suit we was filed in the US. He also run PMU into the ground as well as other former gold corporations. The class action suit against him and Kinross has been settled subject to approval of the court Jan 29. 2009. See KINAM GOLD to see how preferred shareholders were screwed. Case was filed as Brown vs Kinross Gold US District Court, Nevada.