Replies to post #16402 on ***Precious Metals Investors Club***

[Stinky_pinky]

The thought that came to mind when listening to this interview was the ramifications of another 2008-like financial crisis. The prospect of a repeat of 2008, only worse, scares the spit out of me. A good example of what might happen in such an upcoming crisis is FCX: http://www.google.com/finance?q=NYSE%3AFCX#
On June 13, 2008 FCX was trading at $61.25, by December 5, 2008, it was down to $8.40. Less than a year later, on Nov. 20, 2009 it was back up to $42.27. The point I am making is that there is big money to be made if you can see what's coming and have the ability to react to the crisis when it comes. What I have been doing this past week, in mining stock equities is liquidating positions in low volume, penny stocks and reinvesting in bigger volume, bigger cap miners. Protect yourself from a sudden market downturn. S_P

[one4theroad]

You are welcome milo3! I was reading the TF Metals Report and there was a link to a short letter Jim Sinclair put out and the tone of his letter was a tone I have never heard from Jim. I was waiting anxiously for the interview to be released and it was a bit bone chilling. Every thing he says makes perfect sense and it now I see just how convenient it is that the US markets act according to what Europe does or does not do. That is a very large number of derivatives that these 5 big banks hold and there may be only a few outcomes, ugly and uglier. Jim does sound quit concerned here and rightfully so. Every American should have some concern and prepare accordingly for what Jim says will be worse than 08. I can surely see it happen and even though I don't think the end of the world is coming, this could be very very painful for many! Be cautious and stay aware!