I am still too busy to post much on my blog, so here is an excerpt from a note to a friend....As you know, I so distrust the financial markets that the precious metals are the only sector in which I will invest. This decision has so far has proven rewarding as well as "safe." I don`t think I`m paranoid, though I got burned in the tech bubble (prior to beginning to study financial markets and how they work!).
I know what I`m looking for in terms of responsible fiscal policies, but don`t actually see ANY of what I`m looking for so far!It does seem that a 30s scenario has been averted, but that is not the only problematic possible outcome. The most probable future certainly continues to present a picture of devalued dollars, increased taxes, continuing dislocations and imbalances, etc. The prudent will continue to bail out the reckless, and savers will be punished. So these are not really good signs!
I can only see "repair behaviour" being stimulated by a future crisis situation, probably "the funding crisis," when the US can no longer sell treasuries at low interest rates. (The Fed can only buy so many without destroying confidence in the currency.)So if you're in the (gold and silver) ETFs, good for you!
One of my advisories (Aden Forecast) is calling for a temporary pullback in gold, so your next buying opportunity may be coming up. They are advising against new purchases at this time, so I pulled out a small amount of cash today to cover current travel expenses.
One of my new positions is Gold Resource. They have an inspiring dividend policy, which might interest you.
I am also following Copper Canyon closely, due to this company's lilnkage to the NovaGold Galore Creek project.
And I would never sell Alexco (Resource Corp.) under any circumstances! They are about the smartest people in the business, and are perfectly located in the Yukon's historic Keno Hill silver district...._
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