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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Very much agree......
Hmm
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.....