Ron,
You are an economist. I am a graduate of a cooking and bartending school and worse, played football. How much sense could I have?
I am only a fierce spirit and your point about "psychology" and what people think is my strongest advocacy for BUYING GOLD NOW.
Historically, the smart money faded central bank activity. Always. Only recently has it been a fashion to go with them, a la the gold trade. I suspect trend is about to re-establish itself.
Too late now to go into this, but central banker thinking WILL GO FROM THE PENTHOUSE TO THE OUTHOUSE. Probably soon. Thinking about gold will do the reverse.
I am prejudiced about juniors. There are great ones, I think, but all dependent on a precious metals price rise except for one. My gem of gems. ECU Gold Mining on the Montreal Exchange ( ECU ). Produces silver at cash costs of $2 to $3 ( while its own costs go down as the peso devalues ). I expect a cash flow of $1 million per month minimum by the end of year, if the price of silver stays flat. And of course I think the price of silver will double. If you want to know more about this company, the man to talk to is Blake Joyner at First Albany Securities, at 888 879 7730. He is a great broker who put me on to this at 20 cents Cdn. It is now 30 cents Cdn. and we expect the stocks to be $1 Cdn in 3 months. Who knows from there? For fair disclosure, I have bet the " Mexican Ranch" on this one.
Bon Soir
" Les Miserable Murphy"
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