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Bloomberg's "Chart Of The Day" Is The Latest Amusing Attempt To Create A Gold Selling Frenzy
The barrage to get investors to dump their gold is on in full force, after one after another media outlet takes turns to guarantee that a day of profit taking in an asset that two days ago was trading at its time highs, and experienced an uninterrupted 30% run in the past year, means the rally is over pretty much in perpetuity. The motive is clear: get people to abandon the safety of hard assets and throw their lot into the ponzi scheme, based on one week of minimal inflows following endless outflows after the first and certainly not last Flash Crash. The latest such attempt comes courtesy of Bloomberg's chart of the day, whose disturbed logic is just left of alchemy. To wit: the shares outstanding of the GLD etf have declined, therefore you must acquit, or dump your gold. Immediately. And we wish we were kidding.
From Bloomberg:
Gold investors are showing “a lack of conviction” about the potential for further price gains after a decade-long surge, according to Vadim Zlotnikov, Sanford C. Bernstein & Co.’s chief market strategist.
The CHART OF THE DAY illustrates how Zlotnikov drew his conclusion: by comparing the price and shares outstanding for the SPDR Gold Trust, the world’s biggest exchange-traded fund backed by gold bullion.
While the ETF’s price climbed 13 percent from the end of June through yesterday, the total number of fund shares dropped by 2.8 percent. There were 421.7 million shares as of yesterday, according to data compiled by Bloomberg.
The decline contrasted with a trend since 2007 in which gold prices and the share count rose together, Zlotnikov wrote today in a report. The trust’s outstanding stock almost tripled during the period as gold soared to records, capping the metal’s five-fold increase in the past decade.
“We have been observing some loss of steam behind gold ETF inflows,” he wrote. “It seems particularly noteworthy” that the Federal Reserve’s decision to carry out a second round of bond purchases, or quantitative easing, failed to boost demand for the SPDR shares, the report said.
The gold trust creates and redeems stock in blocks of 100,000 shares, known as baskets, by trading with authorized institutional investors. The number of shares outstanding peaked at 433.9 million at the end of last year’s second quarter.
Next up: Bloomberg's chart of tomorrow, will show why the color of the solar wind as interpreted by Bob Doll, means today's freak red close will be the one and only correction of the year.
As for gold, investors are hardly concerned. After all, Buy the Fucking Dip works for other asset classes, not just stocks.
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buy more
buy more than more....fools
Make my Ag shine!
Bought both Au and Ag (physical) today, saved some money by waiting...
Thanks shorts!
Silver rose nicely from $29.50 today.
Tyler, are you a closet Turdite??
BTFD, bitches!
James Turk NAILS it. A decade of 18% returns for gold, and 24% for silver, YOY. Suck on that Abiggs, Johnny Bravo, Goldmiddlefinger, etc.... You fellows are sadly mistaken.
http://goldmoney.com/gold-research/gold-rises-in-2010-to-end-a-stellar-decade.html
So True,So True!
We don't have a decade. Gold is going to give it's protection from debasement right here this year and next. Tick Tock.
Vadim, you went full retard, bro. Never go full retard!
Always go full retard. And stay full retard. Anything else is perceived as a permission slip to these rapist fucks.
sticks and stones will break my bones....... So that's your argument - name calling! Grow up.
And this is shameless spam but I'm just trying to help.
http://tfmetalsreport.blogspot.com/2011/01/sick-and-tired.html
Silver rose. You aint seen nothing yet.
I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.
He is saying that if you think silver is high now, you aint seen nothing yet.
bought more....and...hello? Jamie? You can knock yourself out paying Bloomberg for these articles.....You are going to have to pry my gold and silver from my cold dead hands.....
bought more....and...hello? Jamie? You can knock yourself out paying Bloomberg for these articles.....You are going to have to pry my gold and silver from my cold dead hands.....
+2 Quadrillion
Buy the Dips. I bought another 50 ounces last week from APMEX, mostly to restock from Christmas gift give-aways and readying for Chinese New Years give-aways. I keep buying and prices keep going up. Still the problem is, soon I'll need a team of mules to get it 'from here to the harbor'; silver is getting quite heavy now. Good news is, thieves won't even be able to tip the safe over, let alone get it onto a truck.
Semper Paratus, The Navigator
you are so good,you did a good job.
Freight rates as measured by the Baltic Dry Index today slumped 4.5 percent to 1,693 points, taking the decline since Sept. 10 to 43 percent. Today’s freight-rate assessments were the first published by the Baltic Exchange since Dec. 24. The Baltic Dry Index slid 41 percent last year after almost quadrupling in 2009.
some of the small and mide size mints are out of stock of their silver bullion and some are promising 6-8 week delivery. this dip seems like a buying op to me.
Try Tulving. They always come through.
Just buy the effin' dip!!
The elephant tracks have been laid (see stockcharts for GLD, SLV and SLW), Silver and Gold are losing investments. Silver RogueWave was started in August 2010 flying up above 200DMA. By the first quarter of 2012 SLV should hit 8-12 bucks. This should be the last chance to get out of PM.
Go all in short, then kill yourself when you lose everything.
As long as our political and financial leaders continue to recklessly meddle in and corrupt markets and our currencies, and as long as our government debt continues to grow exponentially, silver and gold and the commodities are very likely to be the safest financial havens in a world gone increasingly mad.
Umm, silver and gold are losing investments??? Looking at the 10 year chart of the physical metal prices, gold and silver seem to have been about the best damn investments out there. How's that S&P index fund treated you over the past 10 years?
yeah you may be right about the slv and gld they may go to zero right before the new monetary system is in place expect them to stop trading and probably go to zero. The people with 100000 shares will get their physical and the rest is either going to china our the united states government. Just another wall street gimmick made to go to zero.
Keep manipulating it lower, so I can buy more, in fact push it to all time lows, I reckon my company will close in two years, so $10 will be good, so I can load up. I have 270 ounces silver and 26 ounces of gold and I want more.
Dear ZH Community, Please provide some advice. I would like to purchase some Gold and Silver today, my first purchases. I have decided to buy Eagles just for personal reasons, realizing that there is a premium. My questions are: Regarding Gold, Does anybody care about "Dates of our Choice" versus a specific year and "Original Mint Tubes" or "Brand New Coins". I would prefer the "cheaper" gold unless all of the other stuff is of any specific concern or value. Also, if the premium is roughly the same, is there value in purchasing .5 oz versus 1 oz. Regarding Silver, Monster boxes, sealed or unsealed. Again, I would prefer the "cheaper silver" unless there is some express advantage in the purchase of a mint sealed box. From your previous recommendations, I understand that Tulving is a reputable house from which to purchase. Yes?
dump paper gold.. buy the real shiny stuff..
i want some buffalos
Kinky!
koalas
Australian Kangaroos are my new favorite. Lower premiums and attractive packaging. Beautiful coin.
Agree
Panda's are nice too. Picked them up on the last drop.
It's the Aztec calendar for me. Kind of fitting that the golden calendar coin peaks right at the end of (it's) days.
Careful with those Panda's as there are few fakes (or rumors of fakes) floating about. Quite a few coins dealers I know have had some issue with them. Maybe the Raccoon can chime in here, after all, he is a dealer.
Is it still a "bubble" when the bears are out in full force?
Oh it's all one big giant bubble that's gonna burst someday. It's just nice to know that gold is "the last bubble" in a long line of bubbles soon to pop sequentially. I'm buying more while it's cheap fo sho!
My lloyd , two years ago, if you had told me that 1380ish gold would be 'cheap' by any metric, I would have given you all the change I had along with a grave smile and a look that would say, 'keep your chin up crazy person, your luck will change some day'. Oh, what a difference a year (or two) makes!
gap filled, and an expected bounce off the 20 day EMA.
Umm, so can we apply the same logic ('outflows' means "lack of conviction") with mutual fund outflows (what like 30+ weeks) and say that stocks 'rush may have peaked'?
Of course no discussion on how anyone with half a brain realizes there's no gold in that there etf.
Buy miners and lease holders. ETFs are for the RUT.
Correction - ain't no gold in that thare ETF.
Eloquent southern is an art not to be imitated.
Try Ebonics, its way mo fun.
True dat!.
By the way your Blog rocks Shanky!
Thanks PeterB. Much appreciated.
will you please post the link for said blog? My background is not financial so always looking to learn more. Thanks
I'm fortunate to be in the blogroll to the left. Look for Shanky's TechBlog.
@ traderjoe -
"Of course no discussion on how anyone with half a brain realizes there's no gold in that there etf."
That was my first thought as well.
Just maybe investors are switching out of all paper into physical.
But, no examination of the possibility.
maybe investors are switching out of paper into physical
Maybe.
Bingo!!!
I bought more PM today (silver). F.U. Blythe!!!
I ordered more gold coins today and I thank you Blythe. Just disappointed that's all you got!
Desperation full court press is on. It all comes down to the physical. They can come up with (somebody's) gold for awhile but where will they get the silver. No way out.
Gimme an A!
Gimme a G!
What's that spell? SLW!
Today at the coin shop I bought both Au and Ag. $80 premium on the gold, a high $4 on the silver (1 oz Eagles, both cases). He told me that he had VERY FEW silver Eagles left, he did have other silver rounds.
It does seem that physical silver is more scarce now than gold. If they run out of silver, gold will likely follow quickly.
I hold the bulk of my PMs in gold. But, diversification makes me feel better holding silver and platinum as well.
I'm at monsterous premiums here in SW FL, hence my bias to miners and leases.
Which miners? CNBC tonight was saying the gold and silver bull run may be over. I mean CNBC should know right? SLW got whacked today without warning.
I do not want to turn into a weak hand. I guess I need to realize that fiat currency is still worthless shit like the Obama legal tender notes.
Oh, you mean the same CNBC which are losing viewers faster than Erin Burnett can fellate Wall Street executives?
Yeah, I completely trust their unbiased view of events.
The CEO of our parent company was on CNBS this morning. Won't say who, to protect my secret identity, but it was mildly interesting seeing our products on the OWN (Oh, What Now!?!?)
Miss the old avatar.
I mean, I guess I've jacked to gold before but.....
Uh, well, I kind of miss Anna Chapman as well, but now I definitely won't change back.
"Oh, you mean the same CNBC which are losing viewers faster than Erin Burnett can fellate Wall Street executives?"
Yeah - the same one. ;-)
SLW sold for about the price of an ounce of Ag in August 2010. Now it's at a 20% or so premium. Two years from now (or, whenever), Ag could be $40 (or $80) and that would tell you relatively little about what a share of SLW will trade for-- or what an informed acquirer would pay for the company. Hot money has IMHO gone into SLW. Physical silver, less so and perhaps not much at all.
I'm presently heavy in AVL, not PM related, and took a minor in SLW.
Wow you guys are getting killed on those premiums.... you can buy cheaper than that online. my local coin shop sold me a few silver rounds for about 50 cents over spot today. Personally I don't get the premium for US mint rounds, I'm not a coin collector I just want .999 silver.
Do,Do,Do.................Why u paying those prems?.
Damn man.
If you must have Eagles I guess so.
All Eagles for decades, friend DosZap. Those premiums, in aggregate, are pretty small compared to the value of the physical I hold.
Eagles: easy to sell. That to me is important.
10/4 Bro, just personally cant see the $2.00 rip, but some dates do appreciate.
Plus they are recognizable.
As long as its .999 and not some off brand who knows what,I'm personally good.
Me too... I don't see anyone having any trouble selling private mint bars, & rounds , Canada Maple Leafs, Austrian Philharmonics, etc. 90% silver coins are the best bargain out there, and they are even more recognizable than the Eagles.
My mercury dimes buy two Snickers bars
(including tax) at today's exchange (melt) value.
I can survive a long time on Snickers!
Snickers bars now cost $1?
King size baby!
$.89 plus tax.
DoChen,
I am sticking with my 70/30 gold to silver ratio on my physical holdings. I am struggling with the platinum. No real appeal so far.
Hey DCRB. Happy decade to you my friend.
I see you have accumulation during downward manipulation timing down nicely.
Fun ride, this roller coaster, if you don't mind the plunges, eh?
ORI
http://aadivaahan.wordpress.com
living, ORI, pleasure being back with you guys.
living, hey, I just love platinum, but again I stick to the US Eagles, and they are hard to get now!
ORI, I have seen many ups and downs in price of gold (through the decades, eh?). Still each time gold gets really high, it is hard for me to force myself to buy more. I still remember that one time I walked out of the coin shop with Buyer's Remorse, having bought an oz of Pt for the outrageous amount of $900...
...
Tell you guys what. [<--- real US southern-boy talk for your enjoyment ORI] If the price of gold DOES ever get to FOFOA levels, well, I still have not been able to think about even ONE THING I would do or buy with all that money... Weird.
Sell your house, sell your silver if needed to "do or buy" with...but never, ever sell your gold.
Scary thought if we do reach FOFOA's price. I really don't mind buying at these levels because I am looking long term. I am sure you are like minded in that manner. I find it comforting having assets held outside of the financial institutions. I will continue adding to my PM's positions. I view my FRN's as risky but somewhat necessary still.
Be well
Was smiling as I read your "would not know what you would do" if FOFA happened.
My life, I was just telling someone recently, has been somewhat like that. I get something fervently desired only when said fervor has dimmed to a mild interest/indifference.
Has helped keep me sane I think.
Maybe you/we can help a lot of folks out, is what I think.
ORI
I think even the MSM is getting confused by all the propaganda. In some articles I perused today the reason given for gold's drop was a switch to "risk-on" assets. Many other articles called gold risky. It's funny how rarely mentioned is the correlation to gold and fiat debasement. The front page of the National Post was touting copper as beating gold in 2010, no mention of silver, I guess it's not a real commodity.
remember, if nobody talks about it; it doesn't even exist.
silver has apparently 're-trained' (!?) as an industrial commodity.
just like a powerlifter off a hiatus, when it starts re-re-training this system melts to the ground. those who tear down bits of that silver wall before it evaporates into the sky will be the richest bunch on earth. what a window in history to be living in.
swapped loose change for physical today; robbed another bank.
I never figured out how to store 40,000 lbs of copper or 2,000 bbls of oil in may garage, OR how to trade it in near/after the high - silver and gold is another matter, but the weight of silver is getting to be a problem now.
Oil was down just about as much as gold..
Wow, a chief market strategist says gold has peaked. Well now... I think the title "chief market strategist" has peaked...
meanwhile the delivery ship is sailing quietly through the night; notice the volume on the 1st day of the year almost equal to monthly volume in 2009. For how long can they keep this madness going? if i know this, of course all the players know it...it just makes you wonder of the captain of our titanic...here are the numbers:
U.S. Mint sells nearly 1.7 million silver American Eagle coins on 1st business day of 2011
Meanwhile, a total of 34,662,500 one-ounce American Eagle silver bullion coins were sold in 2010, up from 28,766,500 one-ounce silver bullion coins sold in 2009
U.S. Mint sells nearly 1.7 million silver American Eagle coins on 1st business day of 2011
Meanwhile, a total of 34,662,500 one-ounce American Eagle silver bullion coins were sold in 2010, up from 28,766,500 one-ounce silver bullion coins sold in 2009
Rumor has it those were December numbers pushed through to 2011 to try to bring down the glaring record for 2010 and reduce the chance that the sheeple might start pondering it's implications........
The article I found (that he failed to link), has math errors in it.
Now this makes no sense. The article claims 1.772 million ounces of "silver bullion" sold in December, but 5 ounce coins sales are 4 million! Somebody needs to multiply.
While silver bullion coin sales hit a record 4.26 million ounces in November 2010, the number declined substantially in December 2010 to 1,772,000 ounces sold.
Gold bullion one-ounce sales also plunged to 58,500 coins sold in December 2010, the lowest total sales for any month of 2010. Gold sales peaked in May 2010 when 190,000 one-ounce bullion coins were sold.
The Mint also reported strong sales of 825,500 newly issued America the Beautiful 5-oz silver bullion coins as of Dec. 26, 2010.
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=117782&sn=Detail&pid=102055
True dat!
um, that number is almost certainly the december number, which the US Mint delayed reporting.
Link please. Do you have an alias as "Michigan", he never links. Copyright law requires it...you could be sued, seriously.
Hey, you guys junking me for reporting what the law says? You don't like it when the banksters don't follow the law...so FOLLOW THE LAW!
We;re like De Gaulle in 1968, pillaging the London Gold Pool and Ft. Knox. Take AG while the sun shines.
The top is in! Get out now before you lose everything! Remember gold and silver are the stairway up and the elevator down. By the time you decide to sell it will be too late. Dont lose your gains!
U funny. U gots sister? I gots Liberty dollar....
Dude, you're overpaying. Ten copper pennies should be enough for her.
OMG! Knew there was a reason to sort out pre-82 pennies in slack time!
Or even worse, 10 Benjamins this time next year
This is the best Bloomberg could do? Lame... They forgot the mention of folks moving into lower expense ratio ETF's & of course physical closed end funds & bullion in the basement.
Exactly. I talked two friends out of GLD and SLV into CEF and PHYS.
GLD units liquidating means short positions have to be liquidated (you think that money went into physical gold?). Outflow from GLD should be good for the price of real gold.
Would make sense to take paper profits now, put the paper into physical, and pay cap gains next year. Just one problem: GLD is down 2.36% vs. CEF down 3.44%. SLV is down 3% vs. PSLV down 4.18%. Why would people be dumping quality funds more than scam funds? Do CEF and PSLV clear through the DTCC, even though the metal is based in Canada? If so, the banks could naked short CEF and PSLV with impunity, thus freeing up real metals to feed the Beast!
New World Chaos, remember the closed end funds, CEF, PHYS, PSLV, et al, are selling at a premium to their NAV. This premium will expand or shrink on the demand for the fund shares. I try to buy when the fund issues new shares or during plunge periods when many are shaken out & the premium shrinks on lessened demand (like today).
I try to buy the cheapest gold or silver I can, so if the fund shares are cheap or cheaper than the physical bullion, junk silver, or gold coins/bullion, I buy the fund. If the reverse, I buy the physical products for personal storage.
Shorting of the closed end funds is normal & if it reduces the premium, I take advantage of it. Since it is a closed end fund, the fund always retains what its assets are. No bullion is ever sold from the fund. The only way that is possible is if the fund is liquidated. Not bloody likely. I want my bullion fund to be located out of the US. That is an advantage IMO to shield one from the US gov't & NY banksters.
Now, Martin Armstrong has just released his latest "Total Eclipse of the Economy & Good Old Fashion[ed] (sic) US Witch-Hunt" with his latest predictions & observations on politics, gold & stocks. It is a must read.
http://preview.tinyurl.com/2ayb5zg
exactamundo. GLD is acceptable as Exchange For Physical from Comex shorts.
Such symentry! Its beeaautifull, boooaahhhahhahhahh....
Too much cash tied up in physical Gold. This deprives the Banks of Deposits. It deprives the Market of Retail Investors. With most Retail Investors putting all of their disposable Income in Physical Precious Metals the Banking and Wall Street crowd cannot profit on it.
Looks like they want people to sell their physical Gold and Sliver but I doubt that anyone would. As once you have collected your stash you will not part with it. This is a problem for Wall Street and the Banks. Especially with Gold skyrocketing.
It does no such thing. Gold mines are not vending machines. You do not stick dollars in and get gold out. The dollars ALL stay in circulation. It merely increases monetary velocity, which is what THEY want, supposedly. Our politburo is a bunch of damned scatterbrains, so they don't really understand cause and effect.
Gold is a small market compared to the others and the World Central Banks pretty much have it locked up by the tonne.
Yes it is a small market. And all the Banks are highly leveraged. Small markets can make a big difference.
This is the President speaking. I want all Americans to immediately cash in their unused, broken, or unwanted gold bars, coins, or jewelry, and go out and buy a new GM car! Better yet, use it to put 10% down on a unclear-title House!
Gold is useless! You can't drive around in it! It won't keep the rain out! Go out and buy, buy!
the paper against physical war rages. to stop the criminals continue to accumulate physical gold and silver.
Is PHYS and PSLV close enough? Anyone have a proference between Sprott or ETFS Physical? Thanks.
PHYS OR GTU
SGOL only for trading
Sprott is a leader in the industry. I bought the PSLV at the IPO
Thanks Doc and GeminiRX.
Is there any place on the web or elsewhere - where you can look up the discount or premium to NAV on closed-end funds? There used to a etfconnect.com which I think Nuveen owned. They stopped having info on CE funds. Interested in keeping tabs on CEF and GTU plus another other closed-ends you guys or gals may suggest. Thanks.
if this was really their intent, it worked like a charm
Looks more like physical was chosen over paper, and/or the etf is shorted into the ground on a monthly basis.
The "Formula" remains 100% correct.
A violent selloff in stocks means gold sells off 2x faster and gold stocks sell off 3x faster.
Gold needs a strong economy to stimulate both investment demand and jewelry demand.
An immediate rocket launch in the Dow towards 12,000 and beyond will assure the possiblity of gold $1,650, but I doubt it will happen this month.
RT, what part of 'buy the fugging dip' doesn't apply then?
Violent sell off, LOL.
Don't feed the RT, just junk every post RT makes and move on.
He is buying the shiny stuff every chance he gets - he is either fishing for sport or else trying desperately to cool the price that little bit longer.
Good luck with that.
It is so beautifully apropos that exactly one person junked this.
MT, I only junk Cdad, after tonite.
RobotLemming: Automatic "Flag as Junk" for me.
+1
It is a two way street. The question remains, which is the best way to drive towards the sun set? Banks need gold, technology needs silver, industry needs steel, everyone and everything needs oil. How will everything be allocated after the US raise the debt cieling to $20 trillion, which at this pace will be next year, '12
robot, you are really getting this wrong lately. Gold does not need a strong economy, where do you come up with this crap. Gold has been hitting new highs for months now via the Euro. You think there are strong economies there, Ireland, Greece, Spain, Italy, Portugal. Those folks are dying financially. Yet whenever they can they buy a few schekles of gold.
You really got this one wrong fella. Maybe you better stick to the pictures.
Robottrader you are way to dollar centric - there is a epic storm brewing in Europe with Ireland at one of the centres of a vast shadow banking network.
Do you really think the average European trusts the dollar !, give me a fucking break.
Think velocity and then try to imagine the speed of light.
Those deposits do not need a strong economy - they need a psychological anchor.
Is it Harry Trader or Robo Wanger?
Is there a difference?
(Aside from the gratuitous soft-porn images, anyway?)
+1
"Gold needs a strong economy"
Now I know you're from another planet. Got history?
quick question.RT.....which has the higher IQ..your implants..or the lead in your head....
Robo - You like graphs and charts... What part of this one do you NOT understand?
http://67.19.64.18/news/2010/1-8lm/image002.gif
Since the graph supplied does NOT have any labeling, pretty much the entire thing!
Wait, wait...I know, I know...DOW in gold ounces!
There is no meaningful way to arrive at $1650/oz. Au, so RT's call of $1,650 gold just means he's repeating what he's read on jsmineset.
See ya on the price is right imperial scum. This is where you fall down and bleed to death.
http://www.youtube.com/watch?v=eF0jSMJlzkc&feature=related
I recall 2008 was worse for stocks than gold.
And this time, there is no safe haven Treasury market to run to. Might add fuel to gold's launch
Thanks to the readers of ZH for getting my last vid. up to 8K views in a week (and counting!)
This seems the perfect context in which to reveal the newer one.
http://www.youtube.com/watch?v=WKTQze2UKWc.
Excellent video AR, will be forwarding it on. Keep 'em comin'......
It's time for elders to speak.
nice
The bears are back!
Thanks for bring it to us AR.
excellent video AR, I will watch for more.
Outstanding video. Le us know when you post a new one. Great job.
Bloomberg or whoever doesn't seems to realize that people who buy and bought physical gold and silver haven't got itchy fingers.
Selling those take a week.
And as demand is still very high, supply is very narrow it will soon spike again.
And whoever tries to get it down only loses.
SO:
Whoever buys or bought silver: LET IT TONE, LET IT TONE, LET IT TONE!!!! :)
This last decade silver went up at minimum 10% a year. Even if it doesn't go to the moon, it's still a very good investment.
And because oil is getting more and more expensive, we'll get a lot more solar panels, electric cars...
Guess what kind of connectors are used in these? = Silver
Name 1 battery that has 40% more power/weight then Lithium batteries = Silver-Zinc Batteries!
These will also be the kind of new batteries that will be used in future smart phone batteries, laptops... because they suck up more and more energy.
To do something against the silver price, there would be a closed loop recyling system to recover the silver.
Either way, silver is scarce and in high demand. And demand will go up, and up and up and up and up
untill there's nothing left :)
What? I'm supposed to jump on Leo's solars, too? No way!
To much competition there and quality isn't that good yet.
I don't buy that either, but the entire market does sell a lot and require a lot or resources.
Solars will see 80% of the producers go bankrupt in the next 5 years.
What I mean is that the electric parts are pretty fragile and to transfer as much as possible energy to the grid, the connectors have to be made out of Ag.
totally agree, buy n hold is the best silver strategy IMO
like the man says
http://buygoldsilver.org/2010/01/buy-hold-silver-long-term-strategy/
Much of the selling pressure in gold Tuesday appeared to largely come from those who had recently entered the market, says John Howlett, division vice president with Mitsubishi International Corp. He described a “mass exodus” from commodities generally, with most showing weakness for the day. “The biggest gainers of recent trading were the biggest losers today,” he says. “That indicates the selling wasn’t from the core bull constituency, but the recent longs. There was supposedly one big order from Europe that got the ball rolling – a big buyer of January 1250 gold puts in substantial amounts. But the same entity was also buying gold outright near the lows.”