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Old 04-07-2006, 07:01 PM   #5 (permalink)
450SEL6.9
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Re: Is anyone buying gold, silver?

Hey Roberto, haven't spoken to you in a while.. How's it been?

There were many smart people, Bozzor is likely one of them, who were long gold when it was in the 300s. I caught on late. I bought some, but relatively little, in the 420s. I bought a lot more early in the year for a trade when gold "corrected" to the 500 support level. I am bullish on uranium because there is a good, long-term fundamental reason for its surge back above $40/lb: nuclear power. Notic, there are some great small Canadian junior uranium companies. You should take a look.

Traditionally, platinum is very speculative. Gold and silver at these prices look speculative as well. Most analysts thought $12 silver was a peak and now it's $25 though inflation appears under control. I keep coming back to the problems with the American dollar, economy and its implications for the world economy. I think gold is predicting a major worldwide recession.

So Bozzor, what's your target for gold? Personally, I think it'll underperform silver. I'll buy loads of silver if it corrects to 11 and hopefully 10.50s before running up again.
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