Re: .and market comments...Sphin
posted on
Jun 24, 2013 12:41PM
(Edit this Message from the "Fast Facts" Section)
Totally agree Pic. I am afraid to say publicly that I am a raging PM/JPM long here and now with unrealisitc expectations for the most amazing last 4 months in the history of gold and silver stocks .. the ones with the goods, the managment and the right geopolitical mix along with estimated production costs and/or high grades/large deposits/blue sky.
The big boys are now loading/have been up on the PMs and quietly some PM/JPM stocks. The large commercials are net long with JPMorgan supposedly near out of their shorts and going long ... leaving the big funds with massive shorts. Some think we are in a massive bear trap here. We all know the East has been building their gold stores with gaining momo for years and sovereign funds and wealthy individuals are loaded up on the physical and thirsting for more. It goes on and on as most here know.
It will take a lot of upside to get us up on our feet but I think it will be an explosive ride for the next few years... light years faster than it took to bottom out. There is a plethora of JPMs and PM stocks that could have short term, 10 fold increases easily on their way to much bigger gains. Some of the prices are unimaginable down here. Here's hoping SFMI will rise from the ashes of mismanagement, trading skulduggery and market headwinds and thrive. I still don't have a have a handle of when to buy but would hazard a guess here that a double up will happen lightening fast and one may be able to ride the wave by buying here and taking the original investment out when it does.
Will attempt to be optimisitc/supportive from now on but don't think I will have to try that hard.