Gold and Silver Blog

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.

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.

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.

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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.

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.

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.

In my other blog I posted an essay entitled Libertarians and the gold standard.

Hello fellow gold investors! I'm still alive, and I haven't yet abandoned precious metals, nor blogging.

Bill Fleckenstein, in his Contrarian Chronicles column, is bullish on silver. He writes:

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.

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?

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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 .)

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.