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Marshall Berol says, “Be an investor and not a trader”!

Big Al
December 18, 2012

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Discussion
26 Comments
    JJ
    Dec 18, 2012 18:59 PM

    Al I feel for those that have come into the pm’s sector recently as there are far too many so called experts out there who always have the call to da moon!!

    For what ever reason this level either side of $1650 has awaken a decent % (still very small imo) about gold and silver as a protection of one’s wealth, yet we have days like today.

    Those of us and you included Al who have been early to the sector at much lower levels can only hold the hands of the recent investors and re-highlight the fundamentals.

    I’m not confused or in wonderment with todays action, but your comment Al that you look at today with confusion suggest the action is nothing but abnormal! your a veteran in this space

    I’d be worried if the US$ was breaking out towards 90 but it can’t even close above 80…imo the FX boyz have got it correct and the action in the metals is a pure shakedown for the shorts to cover.

    I still in my heart and not with any “Hope” as I don’t allow hope in my portfolio believe the next level which we will be repeating the same confusion, questions etc will be much higher perhaps either side of $2500 or $3000 as a new % group has bought in and will go through the same pain as this $1650 level

    The average Canadian banks equity fund for the last 10 years has averaged a sad 7% return….well my gold position would have to see a 75% drop to join that return.

    Gold is only, only down 7% from its recent test of $1800….how many investors would like to be only down 7% with their jr holdings?? lets keep this in perspective, no?

    CHEER$! Al….thanks for allowing me to voice my opinion as I know I can be a royal pain in the neck with my views

      Dec 18, 2012 18:35 PM

      Mr Berol…In all due respects, You are talking a a load of rubbish , if you think todays movements down in the PM,s were trader movements. I watched the daily movements, & in my opinion, it was a deliberate smack down by the “CARTEL”….They are trying to keep Gold below $1700, & Silver below $32 , Look back over the last 6 months on the charts.

        Dec 18, 2012 18:54 PM

        Nice to have you back “Angry Irish”!

        Kathy and I are off to an Irish Christmas concert, dance, etc! Fiddles, dancing, singing and (hopefully) a bit of the spirits!

        Big Al

          Dec 18, 2012 18:07 PM

          Hello Al…..You & your loving Kathy have a great time…Join in dance ,sing , & drink , let your hair down, (ooops) haha …….Tell them the mad Irish fella , sent you. Wish them all a a very Irish Christmas from me .

            Dec 18, 2012 18:17 PM

            IRISH…..THE BIG FELLA is gone…..now, you can really say what is on your mind…..
            better, hurry,,,,,before, he checks back in……

            Dec 18, 2012 18:18 PM

            ps….I DON’T THINK AL CAN DANCE……LET ALONE SING….

            Dec 19, 2012 19:53 AM

            You would be surprised, In the Box!

            And you know what else he can do? Drink red wine and immediately become a singer and dancer!

            Big Al

        Feb 03, 2014 03:09 AM

        Hi, I copied your spirct and added to my Default.master via SharePoint Designer 2010 and it doesn’t work. Does it matter where I place this spirct? It is suppose to work with SharePooint Foundation 2010, right?

        Feb 03, 2014 03:45 PM

        I’ve been loinkog for a post like this for an age

      Dec 18, 2012 18:51 PM

      You are far from being a royal pain in the neck, JJ!

      Big Al

      Dec 18, 2012 18:56 PM

      HELLO JJ…AL welcomes everyone’s opinion……..Me i have been on here for a few years, sometimes spewing a load of old rubbish, yet the BIG FELLA , has been very tolerant towards me…………..AL believes in “FREE” speech…….. That’s why he gets so much Respect, from everyone who know’s him.

        Dec 18, 2012 18:09 PM

        Before you say too much remember I am still trying to figure out how to ban you from this site! There has to be a way to do that.

        Off to the Celtic Christmas!

        Tongue in Check Al

    Dec 18, 2012 18:27 PM

    The” fed gang” has to beat the gold down before the end of the year….that way , when you look at year over year,,,the percentage will not look that good, when you go back to review.. this will give a person who has not been in the market, hesitation..If they,,the fed , can keep the short term traders confused, they will be winning short term…., This is a great opportunity for longterm investors, or anyone that does not own physical….This is just manipulation,,,,who in their right mind would be selling……other the stupid shorts , or the one’s with shallow pockets, that have put in stops…….BUY LOW, SELL HIGH….,

      Dec 18, 2012 18:42 PM

      I am no expert…..But my advice to anyone who has any spare cash sitting in the bank , doing “NOTHING” BUY SOME GOLD OR SILVER”……….ME i save in SILVER….Not in pieces of paper.

        Dec 18, 2012 18:53 PM

        IRISH….you are back….how was the trip to the vault with the Queen?….did you get our finger prints off the tungston…also,Marc, has been concerned ….

          Dec 18, 2012 18:10 PM

          Common, In the Box, you and I both know that Marc is just looking for the reward money!

          Off to the Celtic Concert!

          Big Al

          Dec 18, 2012 18:37 PM

          JERRRRRY HELLO……The LEP’S took care of the dabs…wink wink, nudge nudge ,Tell Marc everything is in hand, nobody has a clue he was involved…..LIZ was fecking furious , SHE checked every bar , & at the end of the tour ……Screamed like a F$%king Banshee……”Where’s my numbered bars”…..Well some LACKY replied they were in New York , for safe keeping………SAFE KEEPING SHE ( HER MAJESTY) SCREEMED…..Get my bars back here right now ……Or its off with their heads…..I have never seen HER so angry……….Anyway i took “HER” to the nearest Irish Pub for a few pints of Guinness (just to calm her down)…….”WOW” what a great time we had….”SHE was up dancing & singing REBEL songs……Total PRESS BLACK OUT……But your sly little Irish buddy has the photos, so our pension fund is guaranteed……Who’s a clever bunny then !!!

            Dec 18, 2012 18:46 PM

            maybe, you could share those photos on the weekend show….,that would be a great present for all the new guest,and some of the old….

            Dec 19, 2012 19:20 AM

            Morning Irish Mr.,

            Great time last night at a concert entitled “A Celtic Christmas”!

            Some people sure know how to have fun!

            Big Al

        Dec 18, 2012 18:54 PM

        Not in “pieces of paper”?

        Now, that is a unique approach.

        Off to the festivities!

        Big Al

      Dec 18, 2012 18:52 PM

      That is brilliant, In the Box, “buy low and sell high”!

      Whoda thought!

      Big Al

    Dec 18, 2012 18:23 PM

    Picked up a few thousand shares of GDXJ today near gold’s bottom. It could be the last dip. Never can tell. Seasonally gold usually picks up in the last half of December. It rallied last Jan., and Feb. The general market has gone up too fast – over a 100 points in the s&p in a few weeks. Money should start to flow to the gold sector as traders start to take profits in the general market. I got out too early on Friday from the materials sector and it just took off. The general market is setting up for a correction from this big move up. Could happen once the fiscal cliff is done.

    Dan
    Dec 18, 2012 18:21 PM

    Hi Big Al, you were going to try to contact Del a couple of weeks ago regarding PEM. If you do, can you ask him to comment on the latest NR regarding the gap in the main zone during RC drilling and what it means? When do they expect results and when does he expect drilling to resume? This one is slow and painful. Thanks,

    Dan

      Dec 19, 2012 19:07 PM

      Oh boy, Dan, is it ever slow and painful!

      Big Al

    Dec 18, 2012 18:35 PM

    “Confusion and uncertainty are weighing on the markets?!?” IF THAT WAS TRUE, THEN WHY WAS EVERYTHING ELSE ACROSS THE ENTIRE MARKET GOING UP? There was NOTHING MARKET-RELATED that would explain those three distinct stabdowns. The movement should have been similar to yesterday’s: straight across. I appreciate Mr. Berol’s attempt to gloss over an anomaly in his attempt to maintain respectability, but sooner or later you have to ask questions about things that just don’t fit, like the assertion that Building 7 went down “in sympathy.” GENTLEMEN: THESE ARE NOT FREE MARKETS, AND HAVE NOT BEEN FOR SOME TIME. BEWARE, OR YOU WILL BE THE NEXT TO GET MF-GLOBALLED.

      Dec 19, 2012 19:08 PM

      You do make a good point, Lore.

      I do agree with Marshall’s comment regarding time frame.

      Big Al