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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (40133)	4/5/2011 2:00:48 PM
From: E_K_S	Read Replies (3) \| Respond to of 78783

Hi Madharry: I wonder where the top is but if their is some type of "Black Swan" event where one or more of the European Gov's shut down (similar to a baking holiday but just extended), these prices could go much higher. Gold Rises to Record $1,452 on ‘Chaos’ Hedge; Silver Tops $39 noir.bloomberg.com From the article:"...“What’s looming ahead is the fear that if there is a shutdown in government, who’s going to want to own paper currency?” Klopfenstein of Lind-Waldock said. Dennis Gartman, an economist and the editor of the Suffolk, Virginia-based Gartman Letter, told clients to sell Japanese equities and buy gold...." -------------------------------------------------------------------------- I still believe there is a lot more value in the Jr. Gold Miners (my position is w/ the GDXJ ETF) especially those that are producing, are profitable and have large reserves. The companies must be located in a stable country like Canada or the US. Gold up 1.4% today but the GDXJ is up 4%. Oil should also benefit from the flight to quality assets. Owning any of the currencies of these bankrupt countries will end up w/ little or no value. If things get really bad, people will use their gold and silver to buy food (at any price). I am not too sure what the end game is and what to do for an exit strategy but my portfolio is hedged w/ 4% in Gold & Palladium stocks ( finance.yahoo.com ). The key IMO will be to own "real assets". Perhaps Michael Berry was not too far off in buying farm land. EKS