Re: ETF Holds Precious Blend
in response to
by
posted on
Oct 21, 2010 08:39PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Well this should be interesting going into tomorrow's trading day. All metals are going down and they open a new ETF. Wow what kind of people are going to put up this money? And then of course you have the name J.P.Morgan on it and you would have to be crazy to even think about buying in. Who is going to cover the short position? The Fed?
Even more entertaining is the thought that Brazil is not going to the G20 meeting after talking to Big Tim and the dollar. Why? Because Tim {or as he should be called Tiny Tim] promised that the dollar wont devaluate. How the heck does anyone believe that? The reasoning was that Brazil is busy this weekend working on their own currency. Something seems real wrong with that picture. Or maybe they don't want to face the rest of the bric nation, which means it would be the ric nation. Ad a H for hope and you don't have much.
Meanwhile back at the ranch the metals are getting beaten down as we await the upcoming solutions the G20 has in store for all of us. This does not mean to say that right before the elections someone has to find a new playing field. Hmmmmmmmm! Let's see. Could it be that maybe the shennigans played at the CFTC will come into play?
Hey maybe they will send out some helicopters and make it up to everybody. All in all Ithough I think the U.S will certainly be exposed to some overdue lashing out this weekend. And if all goes right [which even if it doesn't in the near term] inflation is going to bust out like never before seen. The problem lies what will happen when it does? Do we go into the greatest depression in mankind, or a singular monetary policy based on many nations.
I don't know which one to entertain, obviously not either but the dike has to break when it is full of bazooka bubble gum. And then finally . The central banks vowing to go after all the commodities they can in 2011. So if your planning on getting a loan do it soon because I don't think they will be entertaining those they have left in the dust. I can only hope that people will wake up prepare for there families and get as much holdings of metals they can. By the way make sure you got a gun. Those in Europe may have a few more problems then we do when it comes to that.
I guess the good news is that G&S has gone down this week and hopefully even more. Because I plan on buying whatever I can. And I don't really mine selling my appliances and tv to do so. Should be some great bargain prices if they continue this foolishness.