Friday, September 14, 2012

Gold and Silver Enter the Final Stage of This Incredible Bull Market!

Hello, folks. My apologies for the delay between posts, I've been incredibly busy at work.

How things have changed! When I last wrote about gold and silver stocks a few months ago, NOBODY wanted to touch these things. The stocks got SLAUGHTERED - The HUI index was dropping under 350 and gold while hovering under $1,550. The stocks tend to overreact to the highs and lows. 


Credit: Yahoo! Finance

The inevitable occurred yesterday when Ben Bernanke announced QE3 in the form of monthly purchases of Mortgage Backed Securities in the tune of $40 billion + a month.

I want to personally congratulate all the investors who had the CONVICTION to average down their gold and silver positions these past 6-12 months. It was a brutal correction we went through! But the worst days are behind us and this is where the money will be made! I believe we are entering the third and final leg up in commodities - we will see $5,000 gold and $100+ silver before this thing is over.We could very well see the HUI touch 1,000 and more. I do believe many of the gold and silver shares are still a bargain.

So for those new investors, there is still money to be made. The good news is that you still have time.



No comments:

Post a Comment