Just hurry up and buy.

[rickortreat]

Gold, Silver, Copper, Oil.  All of these things are heading up higher and higher as the dollar goes down.

It's your money and if you keep it in Dollars your being played.

Understand that it is your faith in the dollar that cases you to trust it.  I am trying to open your eyes to the danges of inflation- a form of stealing by your government which is either unable or unwilling to restrain spending your tax dollars.

I've been writing about this for some time, and all during that time gold has climbed higher and higher, making a new high above $575 an ounce.  It is bottomed and is at 555.40 now.

I expect Silver to rise even higher on a percentage basis.  It is now trading at 10.30 an ounce.  Don't be surprised to see Silver take out $15.00 this year.

Keep in mind that recently Gold has been rising even while the dollar has been rising (0ver the past year) In this time, Gold has risen against every major currency.  (All the Central Banks are run by crooks)

But now, the US dollar appears poised to slide even lower.  There is a big fight going on now between those trying to suport the dollar and those who have looked behind the veil and are getting their money out of the control of these weasles.  The US budget defit and account deficit are gettting worse.  You may have heard that the Congress has raised the debt ceiling again.  

The fundamental situation for the dollar is worse than ever since I began writing about it.  Bush and his cronies are the most fiscally irresponsible bunch ever to hold power in the US.  

Consider yourself warned.  

[rickortreat]

I hope you all took my advice.  When I first wrote this, I suspected Gold was at a bottom, with $540 acting as support.  If the shorts were able to break the price dfown below that, we could have seen a correction to $500.

But after staying above $550 on a closing basis (Support by the way) Today Gold started upwards again.

The price is now $558.90, and you can expect Gold to take out $575 and $600 an ounce in short order.


Silver would make an excellent buy.  If we get lucky, Silver may take one last dip below $10.00/oz.  Grab as much as you can at that price, because once Silver starts up again it will take out $15.00.

 

[WayOutWest]

What are the actual ticker symbols you recommend or that you've invested in?

I'd like to run the tickers through some formulas.

Thanks

[rickortreat]

GG is my favorite Gold stock, pays a dividend and witholds production when the price isn't favorable.

GSL.TO, also trades in the US as GYSLF is a bit more risky (or rather was) it is an exploration firm that has discovered what appears to be a very nice deposit in Columbia.  It has already gone up from 1.73 US to over 9.42, so it's already seen a huge appreciation in value.  

It is not a producer yet, but will likely become a take-over target by one of the majors.

All of the usual suspects will do well at this time, Newmont (NEM), DROOY - I do not like the SA miners myself, Harmony HMY.

You can also buy mutual funds that will do the leg work for you.  I highly recommend USERX and UNWPX, run by US Global Investors.

Be very carefull with some of the miners- they are financed by gold forward contracts, which can make the mines insolvent as the price goes up.  They will not be able to produce enough to meet their obligations, and will not be able to buy the supply to cover their obligations without spending serious money.  Some of the mining management firms do not understand this and will be in deep do-do as the price continues to rise.

Another great stock is RGLD, which is a royalty company.  They don't mine themselves, but help with financing and support of active mines.

TNX.TO Tan Range Inc.  Is Jim Sinclair's own mining company.

If you decide to really get into this (a very smart move) make sure you read his site jsmineset.com.  Understands the entire business and speculation game inside and out.  

Silver miners that do well are PASS and sometime CDE.

Copper plays with PD and FCX can be highly lucrative.  FCS has political issues in Indonesia, which makes it a risky play at times.  PD can be very volatile, so it's good to play with options if you can stay on the right side of the trade.

Silver is cheap enough that you can buy the physical, anything below $10 an Oz, is a steal, IMO it will go up higher on a percentage basis than Gold.
 

[rickortreat]

POG:  $588.70
POS: $11.68
 

[rickortreat]

POG:  595.40
POS:  12.07

Accolades and recognition would be appreciated!

Telling me that you made money on my recommendation would be more rewarding!

 

[Reality]

CDE  

Perhaps the ship has sailed, but its been a slow boring but steady riser.

[rickortreat]

CDE is fine, you just have to trade it right,  like the Silver it mines there's some signifigant volatility in the market.  Silver is in break out mode and I no longer believe we'll see it below $10.00 anytime soon.

If I had any CDE stock I'd have a stop loss on it that I'd keep adjusting on the way up to lock in profits, just as I would be doing with my Gold stocks.  They keep going up, but if they break certain trendlines I sell.  The first rule in trading is to protect your money.

The same is going on in Gold.  Today provided a good opportunity for those of you out of the market to get in.  Pretty funny considering that before the US markets opened Gold was at $602.50!  These jam jobs are simply buying opportunities, until Gold and Silver fall out of their uptrends.

 

[rickortreat]

Now, it's getting a little late to be getting in.  Gold has broken defnitively through the $600 barrier with a $18.10 rise yesterday and another $2.40 bump to get us to $621.80.

It is time be be preparing to exit your positons in anticipation of a pullback.  This does not mean sell yet, but get ready to sell!]

I expect an interim top somewhere between $630 and $650.  The only reason I mention $650 is because Gold just rose $20.00 in two days. The momentum behind this price rise is astounding to me since I have never seen such a rapid rise since I've been watching the metal.

This is the time when the suckers pile in, hoping to get in on a good thing.  They will be, just at the wrong time!  The price they pay buying high in a bull market is to wait until the price finally recovers to where they bought it.  Inevitably, after, the 2-3 month wait to get back to even, they immediatly sell, thinking they got out whole, and then watch as the stock continues to rise without them!

Don't be like that, please!

There is no such thing as a bull market that doesn't have a correction.  Whatever the top is here, I would expect a retrace at least back to the $610 level if not lower.  

When I sound the warning, sell 33% to 50% of your positon, (just in case your stock decides to go up for a few days while gold starts to go down. Then comes the hard part, waiting for the right time to buy back in again.