Home > Boards > Canadian > Mining/Resources > Ethos Capital Corp (TSXV:ECC)

Thanks for noticing . . . no surprises,

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gharma   Thursday, 04/25/13 10:42:11 AM
Re: rlfb06 post# 283
Post # of 314 
Thanks for noticing . . . no surprises, except we still do not know why the company's stock has been showing the strength it has lately.

Also, thanks for the morning gold info links. The physical situation is obviously not new, but is likely now new information for a slowly growing number of people. If I recall, having lived through the Nixon to Carter administrations involved with precious metals, once it became legal to own gold interest picked up, but it was not until it started to appear that silver was in such short supply (i.e. height of the Hunt brothers cornering the market, plus the recent cessation of its use in US coinage and very visible end to seeing any in circulation around that time) that the public attitude became one of "if one wants some one needs to act" before its price spiraled even higher. And it was then that the bubble part of the price escalation came into force, as the general public got involved.
Whether we are looking at the potential for a similar event, but this time with gold leading the way, is to be seen. If so, or perhaps better said when, and a similar event happens the increase will be amazingly fast, if it is similar, fast and dramatic. Back then gold rose from the time it became legal, fairly steadily, but once silver took off (combined with the increasing interest rates reaching never seen highs helping people see the value of the dollar shrink), gold tagged along (to a then new all time high). Bottom line for sharing this, once it appeared that there was a shortage and that the price was only going to go up, and the belief was that the dollar was only going down in value, it was then that people who otherwise would never have been aware of the precious metals market "had to" get in, and they did, however large or small their position. That final few months, the height of the bubble, was an eye-opener, into which I was a seller.

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