Seeking Alpha
  • Bowerz101
    I see some ridiculous buys in the mining sector. Yes, we may go lower, but at these levels I am limping in. SLW ATUSF RDUFF AAU RGLD GDXJ
    9/22/11
    Reply (17)
    • Bowerz101: These are buy and holds for the long term. We all know where PM's are going.
      9/22/11
    • Bowerz101: No reason to be overly greedy. Thats why I will buy in segments. I just placed a limit order for 2000 shares of RDUFF at $.50. Down 18%
      9/22/11
    • Bowerz101: I think just past 1120 is the short term bottom. I may adjust the shares and price a bit lower, but these stocks rebound fast. Very volatile
      9/22/11
    • Bowerz101: Could very well, but like I said, no reason to be greedy. Buy small now, buy more when it goes lower, and more if it goes lower than that.
      9/22/11
    • Bowerz101: Eventually anything with the word gold attached to it will follow the trend of gold itself. Badiali monitors this when he looks to buy jnrs.
      9/22/11
    • Bowerz101: Its simply buying gold in the ground vs. buying gold above ground. They will always stay connected for the most part.
      9/22/11
    • Bowerz101: Yes and no, they may be depressed but when gold mania hits, people will be searching for anything with the name gold attached.
      9/22/11
    • Bowerz101: Gold is tied to the dollar at the moment. QE3 is the tell-tale sign to go all in on gold but these prices represent good starts to leg in.
      9/22/11
    • Bowerz101: Yes. I am in love with natural gas for the next 10 years as well. More so than oil.
      9/22/11
    • Bowerz101: Dollar wont make it to QE4. QE3 will be the bullet to the head.
      9/22/11
    • Bowerz101: They can't raise interest rates. Their cost of debt maintenance would go through the roof. Fiats are in a race to zero thats why we saw QE.
      9/22/11
    • Bowerz101: Lag has already been built in, could get bigger though.
      9/22/11
    • Bowerz101: I promise you that will not happen. Promise.
      9/22/11
    • Bowerz101: Im only starting with 10k so I will shoot for 20k before I start thinking about 1000k :)
      9/22/11
    • Bowerz101: Its tough for me to short at these levels right now. My guess near term is we bounce pretty hard around 1105-1110.
      9/22/11
    • Bowerz101: I try to mix in a little short term trading too :) This could be a real good buy opportunity. They dont let it tank in election year.
      9/22/11
    • Bowerz101: Ah, but they can. The power of the printing press. Ben has one more bullet in the chamber and it WILL be used.
      9/22/11