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I wonder how many of the junior mining companies are going to do now that gold's value is unable to be suppressed much longer.
I have long time been a fan of gold and silver (since the last bottom) but right now I am fully invested in Uranium stocks as they are comming off a large correction. Lots of upside potential for the time being. Even with a banner day today in gold bullion, I did better in my U stocks as this correction unwinds to the upside.
I am an active investor/trader so I can make this pay off, but for the average guy it would probably be a good idea to hold some gold and silver stocks in their portfolio for the longer term. I see gold going higher ahead but it is volatile so it's not for the weak at heart.
As far as the junior's go, the good ones have the most upside potential but I would mix it with some producers like AEM and GG for diversity. Juniors are harder to pick because they require so much research. Even the best letter writers make mistakes in that area.
These kinds of days make me smile
I started moving dollars to Euros, not very long ago, when the Euro was $1.12. Now the Euro is @ $1.60. And, I get 7.1% interest on a simple passbook savings account, government insured up to E 1,000,000.
I don't want to be bothered doing the math...looks like 30% to 40% per year profit to me. And free health care, eventually.
Do you mind indicating what bank this is with?
I've been moving dollars over for a while, but that rate is quite good.
I've been moving dollars over for a while, but that rate is quite good.
You can do this with EverBank in a CD with 10K minimum. You could also just open a foreign bank account (HSBC, etc).
Euro Pacific does a Merck fund hard currency index, free of charge to its clients. The firm is run by a permabear on the US economy that has been right on the housing bubble, 100 oil, and the credit crunch years ahead of time. Hefty commish, but full service, not a market maker, and they do things that e-trade and others don't do such as hold dividend income in respective currency in the event of travel to the country avoiding exchange fees.
Everything is pointing to buying farmland if you can find bargains on it. I think there will be bargains in the years to come. People will be moving closer to cities as fuel prices stay high and go higher. Suburbs will become farmlands, lol.
Just an update.....Up another 7.29% today so far. Thats 27.29% in 4 days.
And this is while the Dow is down 200+ points today !!!
Got to be in the right sectors if you want to beat the crowd.
That sucks. I was trying to fund another 10Gs for just this very purpose. Junior uranium miners have indeed been crushed for the short term, but it was obvious they were going to come back.
That sucks. I was trying to fund another 10Gs for just this very purpose. Junior uranium miners have indeed been crushed for the short term, but it was obvious they were going to come back.
Dang it!
Just to let you know I do not do technical anylasis. I have been in this game so long I go by the seat of my pants. I have been blessed with an above average gut feeling and common sense. It has been my partner for most of my life.
I am going to take some off the table today @$3.65 for another day. This is a very good play in this sector. It has already netted me over 1 mil. since I discovered it a year or so ago.
I trade it with a core holding as well.
Of all my friends and associates I have only been able to convince 1 to participate in this sector.
Too bad for them as they are all wallowing in losses or small 10 to 15% gains.
Silverfox
Last edited by silverfox; 05-21-2008 at 11:26 AM..
Just to let you know I do not do technical anylasis. I have been in this game so long I go by the seat of my pants. I have been blessed with an above average gut feeling and common sense. It has been my partner for most of my life.
I am going to take some off the table today @$3.65 for another day. This is a very good play in this sector. It has already netted me over 1 mil. since I discovered it a year or so ago.
I trade it with a core holding as well.
Of all my friends and associates I have only been able to convince 1 to participate in this sector.
Too bad for them as they are all wallowing in losses or small 10 to 15% gains.
Silverfox
Here is just another example of the way to make money by being in the right sector at the right time. Uranium mining stocks.
Forget the puny 8-12% average returns of the US index market.
Check out symbol HAT (Hathor resources Ltd.) on stockhouse.com Look at their near term chart performance.
Canadian miners are where it's been and will continue over the next few years.
There are many other good energy opportunities out there as well.
Silverfox
Last edited by silverfox; 05-23-2008 at 11:11 AM..
international real estate, precious metals, offshore companies
the price of housing has become so ridiculously high in places like London or San Francisco, that you could likely cash out, take early retirement and live a much better life elsewhere, for less money.
If you had purchased $100,000 worth of gold when George Bush first became President, you would have bought 384.6 ounces of gold at $260/oz. Today, as of March 2008, gold is at $973/oz so your gold would now be worth $374,216.
I´m sure that you are familiarized with offshore banking, asset protection, wealth management, all of these great ways to protect yourself and your assets.
You can contact me if you would like to read more about this.
Just to let you know I do not do technical anylasis. I have been in this game so long I go by the seat of my pants. I have been blessed with an above average gut feeling and common sense. It has been my partner for most of my life.
I am going to take some off the table today @$3.65 for another day. This is a very good play in this sector. It has already netted me over 1 mil. since I discovered it a year or so ago.
I trade it with a core holding as well.
Of all my friends and associates I have only been able to convince 1 to participate in this sector.
Too bad for them as they are all wallowing in losses or small 10 to 15% gains.
Silverfox
Back in @ $3.00
Up 7 1/2% just today alone as I type.
SHOW ME THE MONEY !!!!!
Silverfox
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international real estate, precious metals, offshore companies
