Posted by caddpro123 on 31st of Jul 2012 at 12:48 am
Actually I still hold about 20K in a variety of gold and silver
stocks. I refused to give in to the price drop. Given the trillions
pumped into the markets gold and silver must go up and go up
massively. Clearly the central banks and the FED have been
manipulating gold and silver in trying to drive down prices. They
have run out of ammunition as even outright fraud is no longer
working.
with your perspective, caddpro123. I too, have held my
gold and silver stocks through this brutal selloff. They are
the only stocks I trade without hard stops in place, since I
believe in the long-term story that supports their rise. Its
only a matter of when, not if. The Fed cannot manipulate forever.
One the day the world will wake up to the fact that the European
crisis pales in comparison to the crisis right here at home.
That's the day the $US dollar is toast and gold/silver really
shine. Might be next week, next month or a year or two down the
road, but rest assured the world will realize "The Emperor (the US)
truly has no clothes".
Until then we feel the pain.....
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who held gold & silver
Hmm
Posted by caddpro123 on 31st of Jul 2012 at 12:48 am
Actually I still hold about 20K in a variety of gold and silver stocks. I refused to give in to the price drop. Given the trillions pumped into the markets gold and silver must go up and go up massively. Clearly the central banks and the FED have been manipulating gold and silver in trying to drive down prices. They have run out of ammunition as even outright fraud is no longer working.
Very much agree......
Posted by RichieD on 31st of Jul 2012 at 06:51 am
with your perspective, caddpro123. I too, have held my gold and silver stocks through this brutal selloff. They are the only stocks I trade without hard stops in place, since I believe in the long-term story that supports their rise. Its only a matter of when, not if. The Fed cannot manipulate forever.
One the day the world will wake up to the fact that the European crisis pales in comparison to the crisis right here at home. That's the day the $US dollar is toast and gold/silver really shine. Might be next week, next month or a year or two down the road, but rest assured the world will realize "The Emperor (the US) truly has no clothes".
Until then we feel the pain.....