Darleen,
Can't pretend to know how the delicate balance will tip either way. Forces are pushing on all fronts, but should the dam burst it will pay to be in some kind of boat. I can tell you for sure that my 100 dollar bill goes a lot faster than it did a year ago.........a 50 dollar bill feels more like a 20, a 100 more like a 50......an ounce of gold costs less than one night at a good hotel.
I have fear buying gold miners, but it feels like a bottom to the industry. Why? b/c I have greed for gold. I am accumulating physical gold and would like more opportunities. I bought at the 255 level recently and felt like I was robbing some bank............maybe I was.
An investment in the miners is a hedge against my greed, b/c I am more interested in buying gold at what I feel are low prices than I am in holding miners.
The charts say the POG is about to turn, so my opportunities may be thinning, but if the forces to keep gold down are successful I will accumulate more. I'm young and plan to hold my gold, perhaps for many years. If the general public turns to gold, as I have, these days are gone.
Continued good luck to us,
E |
