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HOLD
ON! Wow! 700 is just around the corner! Think long term, long term, long term. Where oh where is the “doubting Thomas”?
Hold on to what? Hold on to something you can believe in. Sounds simple but few do it. I remain confident and at peace with this market. Anyway, my ultimate hope is not in a higher gold price, but I won’t fight it as it comes. In all of society, history and literature there is no greater topic discussed than making money and investing. There is nothing wrong with making tons of money in this gold and uranium market as long as you keep your perspective in all the right places. Gold and uranium continue to ride high. Those still not in the game will sure wish they were as time passes on. Who do you listen to today? The two top geniuses without a doubt are Doug Casey and James Dines. There are about a dozen others worth following also. The important point is to visit many wells and not just visit one small pond. What the crap did I just say? Read a lot and subscribe to as many newsletters as you can afford. After all, it’s your money on the line. “…if you simply try to tell the truth (without caring twopence how often it has been told before) you will, nine times out of ten, become original without ever having noticed it.” C.S. Lewis What we just read is really what is being voiced over and over in these web pages you are reading. If something rings true and is the truth it really can’t be said enough. “Experience: that most brutal of teachers. But you learn, my God do you learn.” C.S. Lewis Do you worry about losing a few bucks in the market? Actually, that is the only way to learn and definitely the only path to success. The markets are more real than your 9 to 5 job and the only place you will ever learn what real speculation is really about. You’ve got to experience it to understand it. “Failures are finger posts on the road to achievement.” C.S. Lewis Don’t be afraid to fail every now and then. Failure builds patience and wisdom and objectivity. And what else can we say about objectivity? Today it is very important to look at events with a great deal of objectivity. We cannot determine the future and base it merely on the past 20 years of relative peace we have experienced. The great bull market of 1980 to 2000 is over and exists now only as a footnote in history books. Also, the great precious metals bear market that existed from 1980 to 2000 also is over. “…understand that… faces turned obdurately to the past will bring us down.” Colleen McCullough, C.W., 1996 Gold and uranium are the investments of choice for the world of tomorrow. We are in a long term bull market in precious metals and resource stocks that I personally believe will last for a minimum of 20 years. Future history books a 100 years from now will talk about the great bull market in resource stocks that lasted from 2000 to 2020. The only question that will remain will be why some refused to participate in it. I suppose you have to ask yourself if you are really serious about wanting to make real money. What is real money? “Real” money is always only gold and/or silver. Paper is not real money and never will be. Only gold and silver have real and lasting value. Paper can really never be anything except a receipt. Receipts and paper dollars are OK, but they will never, never replace gold and silver. Dave, “I find it interesting that the gold price hardly "quivered" when Iran announced the release of the British sailors. In fact, the price actually increased. It would seem to me that any geo-political risk premium in the price as far as the downside has pretty much been played out and that the bull market is a slow charging locomotive with not much of anything to stand in its way. I love the consolidation and hope it continues into the fall since the next move up would be all the stronger.” R.P. Paul, below sends an interesting email. It’s kind of long but informative and well worth reading. Dear Dave “The governments’ inflation stats are pure nonsense and everyone knows it. I have the misfortune to be a mathematically inclined person who also goes grocery shopping and remembers the pricing from month to month, year to year. My average cost on ketchup has doubled in the past two years; general weekly receipts are up around 40% in the same time frame. Meat prices have doubled. Gas is up 50% over the past year. Property taxes up 17% this year alone. Utilities up 14%. Need I go on? Inflation as I see it in my daily life is currently running at approximately 28% per annum. Investing in Gold and Uranium are the only things that are allowing me to beat the governments vicious deflationary/inflationary commitment. In 2003 I began investing in Gold mutual funds and I currently have a compound return of 233% over that period or roughly 58% average per annum. In 2004 I began investing in uranium stocks on both the TSX.V and AMEX-OTC: BB in the US. I began with 6 stocks and $25,000.00. That portfolio now consists of 30 stocks worth $387,000 for a rise of 1400% or 466% per year. I have become very knowledgeable about the Uranium Industry (I have a background in investment analysis) as you can well imagine. I cannot stress enough that the supply-demand fundamentals of both gold and uranium will continue to drive these two issues forward well into the future. To use a baseball analogy, I think we're only in the second inning of what could be the greatest Bull Run in history. The shortage in Uranium will persist past 2015 using today's statistics. I suggest that all your readers begin to educate themselves on gold and uranium very soon. I see it as having been able to buy into the internet boom years before it started. Don't get me started on how Cobalt and REE's (rare earth elements) are shaping up. I would suggest that every American discover the resource markets, in particular the Canadian Toronto Stock Exchange (The Hottest Stock Market On The Planet) TSX and TSX.V and start their own inflation killing account. I believe that a huge rush of cash will go into the resource markets as people shun the real estate markets and can get less than zero from the DOW. A big fan that doesn't want to end up eating poisoned cat food in my old age.” Paul Gold Letter emails brief reviews of undervalued gold, silver, uranium and other resource stocks that are under valued and poised to rise. Our top 10 best performing stocks are up over 2,000% and our top 50 best performing stocks are up over 500% - 60 minute real time delay when the markets are open. The top 50 represent around 50% of all Gold Letter's recommendations since inception. Does any other newsletter keep track of and publish their performance…online and up to the minute? Let me know if you find one that does. Thanks! I know you probably get tired of me hammering away so vehemently about success and failure. But I feel so strongly that failure is an important component of success and even necessary for the learning experiences it brings. What is the important verse about tribulation and suffering building character and victory? Same could be said about the markets really. “But to act on what you learn is all that really matters.” B & P And how long do you have before this bull market really goes into overdrive? This is an important consideration because so far we have only seen the tip of the iceberg. And what will happen when the rest of that gigantic iceberg becomes exposed? The world presently is only heating up. Resource stocks are gold, uranium and everything that is extracted from the bowels of the earth. Hello David, “…I know one thing; the current situation cannot last forever.” “I believe that it is only a matter of time before the US invades Iran, and of course it will cause uranium, gold and oil to go to unseen before highs.” “Doug Casey stated that this will be a "once in a lifetime opportunity" and for those who know what's coming, it'll be a "once in a lifetime opportunity…" From Montreal, Stephane G. Let
me hear from you!
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INFORMATION The publisher and its affiliates, officers, directors and owner may actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment-related advice. The news and editorial viewpoints, and other information on the investments discussed herein are obtained from sources deemed reliable, but their accuracy is not guaranteed. Authors of articles or special reports are sometimes compensated for their services. The opinions of FSU contributors do not necessarily reflect those of Financial Sense. |
