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Wednesday, 07/23/2003 3:21:02 PM

Wednesday, July 23, 2003 3:21:02 PM

Post# of 41875
15 months later...Silver anyone?

This stock letter went out on the 18th...just 5 days ago. Today silver went up over 5 bucks thus making me right and wrong all at once...I thought it would hit it's head on 4.80 and come back down...4.80 is long gone...


If I'm remembering correctly the next resistance is all the way up over 7.00...hopefully the powers that be get a handle on this and push the price down again for the near term. They still exert a lot of control but those days are numbered.

I like silver because you can run as much as you want through it...well...almost.

And since I wrote this and since at the moment nobody reads this particular board I GET to break the rules and post this:




Do not forward, do not post, do not anything...just read it. This one is going out to less than 50 people. About 1/4 of the list. Take it or leave it. I don't care. I know some of you have made some serious money off this letter and some of you have lost your asses. The difference between those who have learned when to sell and those who are still learning when to sell...

10 25 36 has paid off handsomely. Putting stops in (hopefully above) where ever you buy should also have been nice. IBM was a very good thing. We have had far more success than failure. Thanks for the tips and support. I am thinking about moving the JFSAG board to IHUB. What say you?

Me being lazy: Josh H give me a call. You too Wruck or I'll come hang out at your restaurant and pour coffee in you dishwater...Alan C how about an Email. Are the Ewalds still living? How about a post? It was good to see Francis and wife at Hapa's too bad it didn't work out with the kids coming up to see me...maybe next year. Randy: can I still send you back those expired tickets for re-issue? Then you will see me in 90 days...it's almost a year now...time flies even if you're not having fun. The rest of you: drop me a line. All you have to do is hit reply for fucks sake. "Hey, Ben, how are you. We're fine except the dog ran away and the kids have SARS..." I think everybody has a baby or two now except me. I almost have a girl-friend again...almost. Distance. "Off island don't count." As the saying goes...anyhow that's the folksy part of the letter since it's been a while.

I missed this last rally for the most part. I did dabble in a few pennies and did quite well. (See below re: JFSAG.) I see the PPT and fed doing things I can't believe...the fed is now actively buying stocks. I see the markets manipulated on a grand scale...it's been said by others far greater than me: the markets always win given time.

Hence this letter: that time is drawing neigh.

You all laughed when I got gold at $272.00: it was luck that I got it almost at the absolute bottom but it wasn't luck that I decided to buy it on the way down. It was luck that right after I started my DD and pulled the trigger the market turned. I thought I was going to be "early" and have plenty of time to get more...now I'm telling you again to get silver.

When it's around 4.50 or lower BUY. TAKE PHYSICAL DELIVERY. DO NOT STORE IN BANKS i.e. safe deposit boxes.

STUDY:

http://www.financialsense.com/stormwatch/oldupdates/2003/0702.htm

http://www.gold-eagle.com/editorials_03/zihlmann071503.html

I think it will hit it's head on the resistance line around 4.80 or so and come down it's not ready yet IMO but better safe than sorry...right now it's around 4.66 I expect it will go up a bit more and come back again for a while longer...maybe even a few YEARS...such is the unabashed manipulation by the powers that be...but the markets always win. Here's a shocker: every fiat currency in the history of the world has failed. The US dollar is fiat. Plan accordingly. My grandma spent her whole life and the currency didn't fail; if we are lucky so will we...but she left me a little stash of silver coins just in case. Things are worse not better since she's gone on a lot of levels...regarding the nation I mean.

Even if none of the doom and gloom in the two links above comes to pass the market is ripe for a turn around...once I figured out the fed is buying stocks like they do in Japan it follows that the end game is getting closer.

Strategy is get the physical silver, sell into a "boom" buy 5 or 6 of the 7 "pure silver" plays, sell those into a rally. (Book flight for Ibiza, live happily ever after.) This will be bigger than B2B, and about as good as some dotcoms...hopefully we are very early.

"So when? " you say.

"That one's easy. When the bond markets roll over and liquidity flows to commodities, instead of stocks."

"So when is that?" you retort.

"When foreign investors stop buying yank bonds, or when joblessness pushes the spread between the wholesale cost of credit and the retail mortgage rate to the point where the liquidity provided by the GSE's wanes sufficiently to"

"So when?" Your glare intensifies.

"Well it's happening as we speak."

"So buy gold and silver now?"

"Yes, I reply but don't be surprised if it languishes for another year or so."

"But you just said"

"Well, you see, the Fed will buy mortgage backed securities to keep the liquidity flowing, and of course the foreign bond holders or unlikely to panic en masse because the Fed has clearly indicated that their chief unconventional weapon is to buy up the yield curve and have successfully induced the central bankers of the world to follow along."

By now you agree with the moniker obscene prophet. There is nothing prophetic in what I see. Only obscenity.

http://www.321gold.com/editorials/cook/cook071503.html


Do your own DD and get back to me. If for nothing else so I can say ITOLUSO again. BTW, GOLD isn't anywhere near over, and we've made a nice bit off that haven't we? It's just that IMO silver will out do gold on a percentage gain basis...why take a 3 bagger when you can get a 10 bagger? If in doubt do both. But as the one guy says wieght toward silver. I do not recommend futures just yet.


http://finance.yahoo.com/q?s=AEM+SIL+PAAS+HL+SSRI+CDE&d=t


I like CDE and will be visiting them in August..I'll be spending a week or so in North Idaho and then a week in LA and that's about all I'll be able to stand before I have to come home...while in LA I plan to drive south to visit Erik at MDCE.

Any other companies you'd like me to visit let me know. Make money during this bull now with every intention of getting into bullion.

There have been quite a few high risk winners on the JFSAG board thanks mostly to Ed, and a few from myself...the biggest one lately was HLSH which you could have been in under .25 if you had been paying attention to AIBULL.

http://ragingbull.lycos.com/mboard/viewclub.cgi?board=CLB00770

I AM NOT KIDDING GET SILVER. Any contrarian out there can see this is the time. Fortunes have been made being the contrary investor; buying what's out of favor BEFORE it goes back into favor and history tells us that gold and silver will always have that thing called "intrinsic value."

Here is a good link, read it daily: http://allamericangold.com/

Still looking at China, my apologies for not getting the China letter out ever...will be going back soon...

BHR aka THG

"My people are destroyed for lack of knowledge.....!"-- Hosea 4:6

See also:

http://www.marketwise.com/MW_WiseG/BBF_Archive/20030716.htm

http://www.gold-eagle.com/editorials_03/king071303.html

BHR publisher of Ben's Stock Letter is not a registered Investment Adviser or a Broker/Dealer, but he used to be. He grew weary of trying to educate people about taxes and the virtues of term insurance and now trades solely on his own account. Readers are advised this letter is free and so is the advice contained herein and therefore should be considered worthless. Readers are further advised that the report is issued solely for information purposes and is not constructed as an offer to sell or the solicitation of an offer to buy. If you buy or sell you did it, not BHR. The opinions and analysis included herein are based from sources believed to be reliable and in good faith but no representation or warranty, expressed or implied is made as to their accuracy, completeness or correctness. Readers are urged to consult with their own securities licensed independent financial advisors with respect to any investment. If this advisor sells life insurance other than term you are already being ripped-off and this letter is the least of your worries. All information contained in this report should be independently verified with the companies mentioned. In other words do your own DD. For Ben's entertainment ONLY.

JFSAG.



VOTE FRAUD: http://www.whatreallyhappened.com/

Dismiss the rest if you must but read the very top about vote fraud. Get disturbed, do something.

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