Hi all ....longtime reader of this hub and first time poster...have been in and out of SGR since 2007...i retired in June '08 and had most of my investments implode in the fall meltdown...i redeployed most of my money into SGR and it helped me recover my losses by the middle of '09 or so.then enjoyed the gains made all the way to May of '10. As most of you can attest it has been a struggle since then...but still an interesting and compelling story....when the share price drops as it has since the end of Dec. I come back to a basic question..."is this company broken or is the share price being affected by things beyond it's control?"....so far I still believe the company to be working...but the volatility in the sp is gut wrenching at times....for the best macro market view i follow the cara community blog of Bill Cara ..here is his view of pm prices as of yesterdays week in review:

[8:00pm ET Sunday] I'm not changing my tune -- yet.

A week ago, I made a bold statement right before prices took a dive:

I am on the record with my belief that during 1Q2011 the S&P 500 could lift to maybe 1290 and Gold to $1,500/oz. So call me bullish for the 1st Quarter.

Regarding the price of gold, I did warn somewhat when I also stated:

As for the next week or two my short-term outlook might change. But, for me, I refuse to trade on the Apocalypse Now thesis. Nor do I get consumed by all the talk that the market is over-bought and far too bullish for its own sake.

Yes, the price of gold and silver got hammered this week, so how do I follow that up. First let me say that I wish I was on the same page as the Peoples Bank of China, but I had no forewarning early in the week they would lift the reserve requirements for the 4th time in a couple months. Apparently, some people do get the PBC heads-up.

With that in mind, I doubt the PBC will return this week with back to back bank reserves tightening. So – drum roll please – this week I think the price of gold is going to rally back to $1390 from $1360, and silver will lift to at least $30 from its present level of about $28.40......

This isn’t religion folks, I’m just a trader. But I do believe in my investment thesis for precious metals. It is such a big belief that I don’t waste a minute reading the nonsense or listening to the noise the market stirs up when most people don’t know what to believe in...from Bill Cara's week in review.For the full review :

http://caracommunity.com/content/bill-caras-week-review-3-2011-0

glta