Re: Gold with Richard Russell
posted on
Nov 09, 2008 05:48PM
Hey skinny123,
Yes, You are correct on your call. The juniors have not done anything since Oct. 2007. This is because the hedge funds went short the CDNX at that time and the juniors reside on the CDNX. For those who jumped off the ship at that time would have been very profitable. If you look at what Richard Russell was saying was back then the people who had money were ok because the governments at that time were not running the printing press 24/7. Fast forward to our time and the governments are running the printing presses 24/7 and are devaluing your money at a rapid rate. The people who own the physical gold and silver now will do very well. When Joe Public figures out they have been duped and can't get gold or sliver they will start to buy the mining shares and will buy big time. I think small companies like Ontex will be very profitable, these companies who have a strong manement team and who have the good's will be worth much much more very soon.
The Plow