Replies to post #1210 on VelocitySharesTM 3x Long Silver (USLVF)

[ironwill23]

thanks much for your take man!!

[JohnCM]

Good stuff! For those who are freaked out about the incessant bad news about GOLD but want to take advantage of a bottom buying opportunity ...

1/3 position buy at GOLD $1,180
1/3 position buy at GOLD $1,150
1/3 position buy at GOLD $1,050

Of course you may completely miss the boat. I have been buying anew recently. Take SSRI for example. You will notice the stock refuses to go lower than 6's regardless of SPOT gold. I like JUNG NGD SAND ANV IAG to name a few. I will look for further opportunity in SSRI and EXK. It helps to be invested in pm miners a little bit so you will get a sense of when to buy. When you are feeling the most pain about your pm investment, that is the time to buy, instead of jump.

"My take is worth less than the keyboard on which I'm typing, but since you asked...

I think gold and silver are largely range-bound somewhere between $1050 and $1350 (how's that for accuracy?) over the next year. There is major inflation taking place right now, but it is being concealed by increasing personal and governmental debt and some other factors. I think gold and silver will eventually have their hay-day again, but it will take a while. The doomsdayers say, "Buy now", and have been saying such for quite a while. My opinion is to buy when we reach bottom. Whether that is today with gold under $1200 or later this year at new lows, no one can know, but look for the bottom, and if you have found it, buy there.

Also, look at what the big money is doing and predicting. When Goldman Sachs predicts $1000 gold, don't take that lightly. Gold is heavily manipulated right now and does not operate on fundamentals. It operates according to price manipulation, and the only way the price can be manipulated is if those with billions of dollars manipulate it. So watch what the big money folks are actually doing, and drown out what small folks are saying. Big money is seldom wrong, and they always manipulate things in their favor.

Diversify...don't put all your eggs in the gold or silver basket, and only invest what you can afford to lose.

Cheers"