<<Let's take a poll. Is this the buying opportunity of the year for gold and silver stocks?>>
I am still afraid, because I do not know why, and am afraid to find out why :0)
Seriously, perhaps just wait a bit longer.
Commodities futures are falling in China, killing speculators, and ... well, very ugly situation can develop;
US financial shares are on the precipice of disaster, perhaps, and should they get hit, the stock indices may die, and ... folks will, as the Asians did at the onset of Asian Financial Crisis, rush faster and more to cash, and further away from everything else;
OTOH, I am not selling my physical gold, nor playing with the paper gold. My gold shares are bracketed with shorted puts and shorted covered calls ... willing to be putted and willing to be called away.
<<Some resiliency starting to show, but I'm not moving until I have better proof...>>
... gold is holding up rather well under the circumstance where folks seem to think its 4000 year history is over.
J |
