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Al, thank you for having, Randy Turner on your show to give us the full details on the New Gold (NGD) deal for Silver Quest Reources (SQI). I think this shows us the big difference between holding resource stocks for the long term versus the short term. I think if any speculator/investor wants to make the most of this commodities bull market they have to choose a great company with solid management and a solid asset that can survive the short term dips in the market. I quote, Bob Chapman, of the International Forecaster on this, that the idea is to, “Go long and stay long.”
The world financial markets are in turmoil. I think the best way for most investors to ride out this volatility is by investing in gold and silver coins, bullion and shares. The financial chaos in the world will take several years to be solved, and asset based investing is one of the best ways to deal with the financial uncertainty in the mainstream financial markets.
I want to say congratulations to Silver Quest shareholders on this deal. As a investor in junior mining companies I know this has been a tough market lately. I am happy to see see a deal go through which is beneficial to the shareholders. I hope that this other recent mergers in the mining sector show that there is a light at the end of the tunnel for resource stocks and that the market will start moving up again.
Of course I agree with you.
Keep your comments coming.
[…] Interview […]
THANKS FOR RECOMMENDING SILVER QUEST I GOT IN AT .85CENTS SO THIS ONE IS A WINNER FOR ME. I NEEDED ONE RIGHT ABOUT NOW!!
PLEASE don’t say “recommended”!
The SEC will be all over me for giving investment advice, which I do not do.
I only tell folks what I personally am doing.
Now that the disclaimer is done, Congratulations to both of us!
Yep, I always thought that Randy Turner and his company would turn out to be winners.
Can’t argue about a gain. Just wish the miners weren’t getting trashed. It would be nice to have some government regulation but that appears to be a dream. The American Dream appears to have been stolen.
HI David G,
Don’t know if it is stolen, but it does appear to, in some instances, be on vacation.
If you thought you heard a big sucking sound over in London you were not mistaken. The LBMA had to pick up another 2 million oz of silver from the Comex this week.
With regard to the Greek problem, with Greece’s one year bond yielding 188% as of this evening, the overall problem still seems intractable.
I keep hearing that Portugal and Ireland will fall after Greece, but I don’t see it.
Greece’s debt as of 2010 year- end was €329 billion representing 143% of GDP.
Portugal’s debt was €260 billion representing 93% of GDP.
But Italy’s debt was € 1,845 billion representing 119% of GDP and Italy’s interest rates are now almost 6%. Further S & P down-rated 24 Italian banks today.
Ireland’s debt is €148 billion representing 95% of GDP.
Belgium’s debt is € 341 billion at 97% of GDP.
All of the above are sovereign debts and do not include any amounts that must be found to keep banks solvent. (Estimated to be about €275 billion)
manwhile depositors are moving money out of European banks.
The EFSF stands at € 440 billion.
meanwhile depositors are moving money out of European banks.
I simply can’t add to what you said.
I really hate to say this, but it is so true. PEOPLE CANNOT HAVE SOMETHING FOR NOTHING. Never could and never will.
Entitlement programs for all without a proven need? Common, who’s kidding who? This just does not work and we are now and soon will be even more, paying the price.
Fasten your seat belt!
DID ANYONE HEAR THAT PORTUGAL WAS THINKING ABOUT LEAVING THE EURO UNION?
I heard it on morning european news…thur. oct..20
Good Morning Jerry,
I will check into this today. Please let us all know if you have any updates on this matter.
I think it was BBC….
IS IRISHTONY OUT THERE….HE COULD GIVE UPDATE
HI JERRY I searched the…bbc…itv….channel 4……irish news……nothing! perhaps they are playing it down, ahead of the weekend.
left you a note ,,see Thursday show… glad to see you got the message.
On Oct 15 NGD was the eighth most shorted stock on the TSX with 28,912,839 shares being shorted.