To do it all over again, I would forget the jr's and stick w. the big boys... Not as sexy, but sure better in the long run.
I really think the combination of new gold ETF's, increased credit risk, rising costs both in mining and cost of living, reduced risk exposure (baby boomer retirement) have reduced the need to assume big risk in the jr's. Exposure is much simpler now.
Could be wrong, but I would be a lot richer had I made book on the number of people betting jr's would take off at 500,6,7,8,900 and now 1000 gold. lol
We are closer to a top in gold then the 252 low a few years ago... Might have to eat crow on that call, but I fail to see how we can sustain a 4x move up from here in the POG. Even if we do, the world will be a much less friendly place for all
Sure gold might spike up to 1-2K... but few remember that the prior high in gold, back in the 80's, lasted less than the first 3 games of a World Series..
The "stupid money' has been made in 90% of the golds...Much harder now.
Whats next? |
