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Thursday, March 02, 2006

Anyone Notice The Silver Market Today?

In case you didn't, it rallied past $10/ounce and closed at a 22 year high. I hope at least some of you hacks out there that read this have bought some silver or gold lately. It's not to late to start. It is really going to start to breakout from here. I prefer owning the best unhedged mining companies which are Coeur d'Alene Mines Corp.(symbol: CDE and Goldcorp...symbol: GG). You'll also want to own some physical bullion in the form of bars or coins. If you really want to take full advantage of the move higher, you can call me up at the office and we can discuss speculating in silver & gold futures. This strategy is not for the faint of heart, but you get maximum leverage with the least amount of investment dollars.

I also want to address the kool-aid drinkers who make policy at the Federal Reserve who say that inflation is under control. It obviously is not. They are lying to the people. It sounds good to say there is little inflation, but all you have to do is look at the commodities or real estate market to realize the fallacy of that logic. Prices are going higher for raw materials in the future, so anyone who wants to jump on the bandwagon, I suggest that you don't wait much longer.

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