Doc Charley is very straight-forward in his analysis and seems to have a good grasp on the potential outcomes in PMs, the general markets. Today was interesting in that his statements were that the bounce may have moved back to the end of August, so that was an update worth noting for the 3rd week in Aug.

Don B—-I would be careful with HMY for a number of reasons one of which is the following:”Harmony Gold, on May 19, commenced a 60-day consultation process with organized labor at its Doornkop mine in order to find ways to return the mine to profitability or to place it on care and maintenance. The company along with the unions concluded that a new operational plan will be adopted for Doornkop that will return the mine to profitability. This will also save considerable number of jobs.”

It tells me the dividend might be at risk.

I thought it was short, medium , or long?

That’s exactly what it is James, an accumulator would likely just buy physical monthly.

Yes, but the USD is not going to crash and burn.

There is not going to be some new world order. Nor are the green lizard people from Alpha Centauri running the governments of the world.

Any American who thinks such things about the USD needs to get him or herself a passport, buy a plane ticket and go have a look at elsewhere on the planet.

If the dollar dies, crashes or burns silver and gold aren’t going to do you any good either. Doesn’t anyone think about the following: If the currencies were to completely collpase, who in their right mind is going to give you anything in exchange for gold or silver coins?
For instance, are individuals who have hoarded food really going to take your gold and silver in exchange for food? I doubt it! You’re not going to be able to eat gold and silver.
So, if you’re really in the camp of people whom believe there’s going to be a currency collapse, it seems to me that the wisest things to purchase now are things that you can eat, drink, and perhaps keep yourself warm with.

Tom, as far as PM companies, I’m not taking positions here since I believe I’ll be able to get them in the future at better prices when I’m comfortable that the technicals have pretty much flattened out on the longer term charts.

I’ve been Paper-slugged my fair share of times, but I was able to correctly ride short counter-trend rallies up and also successfully short the PMs with inverse ETFs like DUST, JDST, and ZSL more often that I got slugged out 🙂

I have a list that is always being refined and updated as fundamental or market dynamics shift, but get in and get out rather quickly and don’t do the buy an hold thing (yet).

When we get confirmation of the Major bottom in PMs, I’ll leave some positions on as longer term holds, but will still trim those position down into extreme strength, and then repurchase back on the dips in that kind of environment to lower my overall cost basis.

I have lists going back to 2010 or 2011 and I was too lazy to buy anything. Idleness sometimes pays! I was a little fazed when I heard a couple of guys in a nice fairly affluent town pub in England and one guy mentioned he was buying gold stocks. That was in 2010 and a red flag to me. I thought gold might top at $1430 in Nov/|Dec 2010 but it went on a tear in 2011 after silver. I am so glad I left the stocks alone.

funny.