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Jerry M.. The..”GATOR MAN.”…..great post……
I agree it’s worse that a casino…just gambling on what the central bank planners decide next…fundamentals, earnings, technicals dont really mean much anymore…it’s very sad
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Hi Roger,
Dont think I have seen any $33 on silver, did I miss it.
Dumped the rest of it Sunday. Awaiting the bottom
Silver on EBAY is selling between $35 and $36 an ounce. Spot silver is currently at $30.60. This is a near 15% premium over spot!
I’m doing what John Embry is doing. Taking delivery on physical PM’s at these prices. Best to all.
Keep Stacking,
I’m with you…the stacks are getting higher!!!
The local coin dealer is getting to be a best friend.
Jody D
Physical in hand is the smartest thing right now. I read an article from Andrew Hoffman over at Miles Franklin and he has even sold all his mining companies and went completely physical. WOW! I have changed my portfolio a smidgen but I still think that having a little cash ready for employment is a good idea. Bargains are popping up in the miners.
I agree Mark; Andrew may have sold at the bottom of the miners. I’ve begun buying specific ones again and will increase my position over time. Andrew probably forgot that miners and the metal often do not move in concert. One will move and then the other will move. I believe now is one of the best times to buy good miners.
Mark A……all should stay calm…..miners will show up to the party….maybe 18 months.
the sheeple have to arrive , before they take off…..that is just the cycle……
Very interesting article coming from BLOOMBERG
http://www.bloomberg.com/news/2012-05-02/gold-standard-for-all-from-nuts-to-paul-krugman.html
Sell In May and go away is starting then the Summer doldrums..Nothing will be happening in Gold and Silver for at least 3-4 more months. Then their is th election BULLSHIT. Parabolic move in Gold??? Roger is Losing it.
Thursday, gold and silver have broken both of Roger’s supports. This does not bode well. I have sold about 70% of my stocks for HMD. That is Horizon’s Beta Pro Base Metals Down ETF. We are all just gamblers now that politicians have taken over the world’s markets. One day this will back fire but that wont come until long after we are done asking why the gold stocks are so low.
Dan
Amen to that! pleased I sold when I did, waiting for the bottom to buy half as much back again. Everyone thought I was nuts selling when I did, gone down ever since
New reports from others I trust signal gold and copper could turn up sooner rather than later. I know its been a long hard wait and my account has taken a beating too as I am long commodities. Normally when the traders and investors throw up their hands and sell, this is the signal a bottom is in and the blood in the streets goes away quickly. Big June gold futures parabolic bull bottom still forming. Sometimes this stuff takes weeks months. On this Friday AM, Gold is up $11 and silver 42 cents to 30.43. Gold is 1646 with 1648 resistance. -Traderrog
Roger you continue to talk about this Bullish parabolic move that was suppose to happen…HMMM what at least 2 years ago? You just keep repeating the same thing…Give it a break..Nothing happening until MAYBE AND THATS A BIG MAYBE…after the elections.Your just completely losing all credibility with your repeative calls for the BIG GOLD MOVE up and the BIG STOCK RUN UP.
Reo and Martin are truly impressive! Instead of wasting their time with fools, they really ought to start producing their own blogs and broadcasts.
Reo And Martin made money by selling the End February Run Up and not Buying again until maybe late summer. While Roger continues to say everday IT”S GOING Up Any day now..Only to see the weakness continue.
Headlines on zero hedge: John Arnold is closing Centaurus Energy Master Fund as central planning is slowly killing off commodity trading.
Isn’t it great. The modern day commodity trading strategy is based on borrowing from the fed at 0 percent then leveraging the hell out of everything. When that fails you develop an exotic hairbrained derivative strategy to bet the farm and when that fails and you lose everything you simply steal your customers funds and go before Congress and tell them you have no idea where the money is.
In my opinion fundamental analysis, earnings,technical analysis and charts don’t mean squat when Ben has his finger on the button under the table.