Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: ramipo who wrote (63619)	2/21/2009 7:03:40 PM
From: Proud Deplorable	1 Recommendation Read Replies (1) \| Respond to of 78408

The Oct-Nov crash was not predicted by technicals and had everything to do with fundamentals and was entirely news driven. The markets are making new lows now and those, like Bill Cara, who use charts have been wrong over and over again as will this guy (I hope) kitco.com The physical gold and silver is at the beginning, not at the top. Years from now when everyone and his sister has physical gold and silver then maybe a top will be in place. Just like the housing market bubble that lasted almost 7 years the gold market will get into that territory in years from now and is nowhere near the scope of the housing bubble. Few analysts have nailed this properly and Sinclair is one of them. The rest with their silly 'wave' theories are really full of it IMO. ================ Dear Jim, I want to thank you for being a true guide. Last year I bought Gold at $992 and it promptly dropped like a rock. I was astonished at such the huge drop! You comforted and assured me that the price of Gold would go to $1200 and yesterday it crossed the $1000 mark again. After a year I am in the green once again! Thank you for your confident and steadfast guidance. Secondly, I just listened to the interview that Bloomberg conducted with you and I want to thank you for your well… control of the subject and the marvellous conducting of yourself! I loved your final answer, it was well concluded when you said "ask me questions and I will tell you the truth"! The truth you told. Jim, now that gold has breached the $1000 mark again do you think they will attack gold once again and drop it to $650? As I recall, one time you mentioned that gold can drop by a range of $100-350. Are we now on the path to $1200? Will governments nationalize banks? if so, is there any good to that? Much thanks to you. Sincerely, CIGA Marylo Dear Marylo, Thank you for your note. In answer to your questions: 1. Gold has now declared itself as targeting $1650. That is FACT. 2. Banks in bankruptcy will be nationalized as the "too big to fail" are rescued and the rest that are "too small to care about," all end up property of number one. The final result will be mega financial companies controlling it all. Not a bad plan for those at the top of the Pyramid of Power. Respectfully, Jim