It's been a roller coster ride this week. Buy the dips. Sell the peaks or sit and wait for the big price increase thats sure to happen by the end of summer as all the uncertainty really begins to catch up. I'm with the 1% camp, however I wouldn't mind filling the safe with a couple more bags full while it's still affordable.
Risk aversion has consequently resulted in speculative commodity liquidations. All part of normal and healthy market cycles.
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.
I remember buying @ 3xface for a period and 4xface for a long period (I’m in my late 20’s). Now I just want to sell off some holdings preferably @ 15-17xface. Sit on sidelines and let silver return to $10.00 via the next bear market/dollar appreciation…….and it WILL return to $10.00 (hey it was there in 08) just as gold WILL find $500 again (there in 05).
The last sentence is a speculative opinion……remember it is only an opinion/prediction.
PS…I am not a buyer of gold @ this $1200 per shinny ounce point. But I back up the truck at $300-$400 as were witnessed during the Clinton years.
copper and silver spot
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Posted - 05/04/2010 : 11:50:08
