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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (72916)	4/8/2011 11:45:50 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 218620

Buying silver all over CNBC... hmmm !

To: TobagoJack who wrote (72916)	4/8/2011 4:53:50 PM
From: pogohere	Read Replies (2) \| Respond to of 218620

Found this most interesting: "I read this morning that silver is becoming more and more dependent on the investor's willingness to absorb the excess supply, so the price is at the mercy of investors shifiting ot other investments when the markets risk will lower." Would appreciate any info your correspondent has regarding said "excess supply of silver."

To: TobagoJack who wrote (72916)	4/8/2011 8:27:26 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 218620

I am not selling and have sold no gold. And don't intend to. Not now and not in the foreseeable future. I have learned my lessons, including those imparted during the crisis. This is the lesson: Unless you have ESP or a direct line to the future, the chances that a wrong timing guess might be made are 50-50. And if you are f****g with The Force, probably better than that. At this point, with things the way they are, I'd rather bet on odds better than 50-50. In my view, LTBH of gold is much, much better bet than 50-50. In other words, are we going to re-play the past, change what has happened, and somehow magically have a global macro-economy that isn't based on QE, excessive debt and credit? Not bloody likely. Only if those impossible conditions are met does it make sense to sell gold. We might well see some gyrations here and there, but the trend remains strong IMO. And no one, I repeat, no one, can consistently guess the gyrations, how long they will last, when or how deep they will be, etc. This of course means that I am also not selling my stellar super-miner, NGD, which will be pulling gold out of the ground in a year or so at a cost of....zip, nada, zero. Its sales of silver and copper, conservatively priced, will pay for all, repeat, all, of the costs of pulling out gold at whatever price it might command then. I don't see anything better on the horizon. After making 25% on silver miner EXK in a couple/three days, I sold enough to recover capital and left then profits on the table to run wherever they will. Silver IMO is in a short squeeze, but all short squeezes end, leaving a trail of bloody detritus behind them. I'll take my 25% profits made in two days now, not later, thank you very much. Selling gold, even paper gold, was wicked, wrong, an affront to The Force. You must do penance. Buy it back. Yours truly, Yoda.