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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (17581)	1/9/2016 2:49:36 PM
From: isopatch	2 Recommendations Recommended By roguedolphin sixty2nds Read Replies (1) \| Respond to of 33421

<All you can do is scale in> Roger that. Established my modest LT allocation in physical gold via averaging up from 2004 to late 2007. Nothing spectacular. But OK with $600/oz basis. Since late 2008, been gradually scaling into local oil & gas mineral acreage when prices are attractive and halting purchases when they're not. For example, stepped aside entirely during the tulip bulb mania bidding in the boom peak local auctions in 2013. With acreage prices still way to high, added only 2 very small acreage interests in 2014. Prices were much more attractive last November with empty chairs at my favorite county sheriff's auction, and bought aggressively. Dunno how long this commodity bust will last. Depends, among other things, on how quickly the humongous debt of so many publicly traded (AWA local private companies) can be cleared either by BK or property sales to companies low debt. Bottom line: Hi debt is the kiss of death in a deflation while cash is King. All IMHO. FWIW.... Iso