GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

We're in a long term commodity bull market. There will be setbacks and corrections along the way. It's normal and expected. It will continue until the US and many other countries get their currencies under control. It won't happen for many years in the US as the only policy has been to create more dollars to fix everything and leave taxpayers on the hook for it. The only problem you can have with real commodities is if you're using margin which can get you in trouble during corrections. Some may disagree, but I believe Sinclair has a good handle on things. Frank Veneroso is of the opinion that central banks have very little gold left to sell. Chuck Butler opines that there is more gold above ground and available than silver(not my opinion there). Hang on and try to avoid the ulcers. You'll be ok.

...........al