Ron,
now what I told Fitz was:
"I believe we are near that bottom, bwdik. I don't "give recommendations", but can give a list from where you can start to do your own DD.
I'd look at all members of XAU. I hold HM ECO BMG NEM and more. I really think the "good money" will be made in silver.
I also have a touch of bullion at home, and would not live without it."
note wht you told him:
Fitz,
I know Richard may mean well and believe what he's saying, but I would also pay some heed to opposing opinions such as Hutch's and Tom Byron.
Message 10574383
And pay special attention to the XAU chart.
decisionpoint.com
Get a strong close above 60 and you might be seeing the beginning of a trend reversal
Note that at this period last year, the XAU hit 48 during the same period the Dow was correcting so hard.
Tom and I expect a repeat of this scenario, minus another LTCM style liquidity crisis.
When economies are contracting, as they do after a market crash, people want cash, not stocks or physical assets.
Now when the Fed loosens the money supply, THEN you can look at gold as a hedge against this added liquidity.
Just my thoughts.. Good luck.
Regards,
Ron"
Did I not mention DD? Have you not said you also like silver better?
Geez, and you talk about me running you down....
btw, did I not say in a prior post I had dumped the bulk of my gold positions? (which are now moved to silver) |
