Feb 9 2011 10:06AM

My experience with gold and silver was formed by the experiences I had in the ‘70s during the last major bull market. Things went up and down; not straight up.

So many people want to pick tops and bottoms. I am not interested in that. When the market is down, I consider it an opportunity to accumulate more. This is accumulation time, not speculation time.

I am often asked, “Howard when will you decide the market has peaked and take profits.”

Not any time soon! They have a long way to go on the upside. They will keep rising until politics really changes, and that will not happen soon.

Even with the elections having moved toward the conservative side, two things will happen:

1) The new conservatives will truly become corrupted by power, just like former conservatives did, because they will want to join the club.

2) Obama still controls the huge mechanism of the White House, and he is a brilliant politician.

Obama will probably make a big come back and there is a real possibility that he will be re-elected. I don’t believe the metals will top out for years. Price inflation is just now starting to heat up. It has a long way to go on the upside.

By Howard Ruff
The Ruff Times