Tuesday, October 16, 2012

Obama Better for Gold Bugs

Another term of Barack Obama would be bullish for gold : Phil Streible, Sr. commodities broker at RJO Futures, says Mitt Romney’s pledge to boot Fed Chief Ben Bernanke if he wins puts him at odds with gold investors. An Obama win would be positive and bullish for gold says Phil

Jim Rogers : Gold & Silver will both go much, much higher over the course of the bull market. The bull market has years to go

Daily Bell: Hello, again. Let's jump right in. Where is gold headed – US$5000 an ounce? Is silver headed toward US$350?
Jim Rogers: I'm not smart enough to know something like that. I own gold and silver and there are a lot of bulls right now. If you look at open interest and see all the speculators who own gold and silver, that's usually a worrisome sign. I mean, I am not selling my gold and silver, I assure you, but I do worry about all these speculators getting in the market.
Gold and silver will both go much, much higher over the course of the bull market. The bull market has years to go. How high it will go, I don't know, but maybe read your newsletter – I read it everyday – and so read your newsletter and you will find out where gold and silver are going. I'm not smart enough to know things like that. - in Daily Bell

Monday, October 15, 2012

Silver shorts are everywhere!!!

A down day for silver, and there are a lot of traders and hedge funds making some fiat. there is nothing wrong with shorting, even on silver! What might be wrong (if it is really happening) is the US Treasury or Federal Reserve manipulating silver by hiring JP Morgan et al to buy massive amounts of naked shorts. What is wrong is governments manipulating markets. But there is nothing wrong with speculators making money (or losing it) in the market!Silver opportunity only exist because of the excessive paper leverage, huge short position and price manipulation to down side. Best way to capitalize on that is to buy physical silver and sit tight. Cheaper physical OZ are sold more profit you will make, thanks to all silver manipulators.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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