Frequent updates of interest to gold and silver investors
Tuesday, January 10, 2006
I am blogging about investing again! Please visit my new Contrarian Investing Blog where I will write about not only gold and silver but a whole host of topics related to contrarian investing.
Friday, April 22, 2005
It's been almost a year since my last post. How about that?
Just wanted to complain about DROOY tanking. I sure which I had sold that back when it was $5/share. Today it's at $0.79/share. Ouch!
As you are probably aware, the problem is that the price of gold in South African Rand isn't so high as the price of gold in U.S. Dollars.
Saturday, July 31, 2004
If you're going to trade gold and silver stocks, you need a stock brokerage firm. Check out my comparison of Fidelity vs. Ameritrade at my other blog.
* * *
And how about those oil prices? People who heeded my advice to buy oil and gas stocks in addition to gold and silver stocks have made some good money. Don't sell yet.
Saturday, July 24, 2004
Today I posted at my other blog, Wall Street and the illusion of profits. If you invest in the stock market, you'll find it worth reading.
Sunday, July 18, 2004
Still haven't had the initiative to post much here.
DROOY is only at $2.50. I wish I had sold that dog at the peak two years ago. But it's still highly leveraged to gold, so if gold ever takes off, DROOY should take off with it. THEN I can sell it.
Sunday, June 27, 2004
In my other blog I posted an essay entitled Libertarians and the gold standard.
Saturday, June 26, 2004
Hello fellow gold investors! I'm still alive, and I haven't yet abandoned precious metals, nor blogging.
Wednesday, May 19, 2004
Bill Fleckenstein, in his Contrarian Chronicles column, is bullish on silver. He writes:
Meanwhile, the precious metals have endured a brutality of their own, vis-à-vis a recent decline of some 30% in the price of silver. Though it's not possible to know where the bottom lies, my contacts in the dealer market say there has now been a good deal of short-selling by funds in precious metals.
I am fairly confident in making the statement that these metal shorts will only add fuel to the fire on the way back up, once these markets turn. As a friend and professional precious-metals trader told me last week: "Written in stone, those selling today will lose money. The only question is how long it takes."
The decline in silver was painful for me, but I am optimistic that the price will rise again and that my buy and hold silver stocks strategy will eventually offer even better rewards than it already has.
Fleck also notes that the gold ETF fund is still not available in the U.S.
Wednesday, April 21, 2004
I know I haven't posted to this blog in a long time (sorry, sorry, sorry, I feel so bad for the loyal readers who used to come here), but Bill Fleckenstein's comment in his weekly Contrarian Chronicles, gave me a reason for posting. He wrote, "Because I was fortunate enough to have planned ahead, via my purchase of gold puts a while back, I was able to buy this plunge without incurring a great deal of risk."
Huh Bill? You go and sell gold again without telling me about it until after the fact?
* * *
Meanwhile, Mahendra Sharma is still bullish on gold and silver. "Today current price [of silver] is around $6.38 this according to me looks very discounted price. I will recommend one can invest at this point blindly with-out thinks twice." (See Many will take an oath not to trade in Metal .)
Thursday, February 19, 2004
In Mahendra's latest update, he recommends oil and natural gas. Maybe he's been reading my blogs!
Also, he predicts that next week silver will rise past $7/oz. I sure hope he's right.
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