Quote:
Originally Posted by strobi
I'm still buying strong... The bigger the drop the more I'm buying! (but even more gold)
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Me too!
My father died last week, and the inheritance I am receiving from him will be put about 70-80% into silver, so this dip in the price is a godsend .... allowing me to make my next purchase at last year's prices!!!
I have been following silver for a long time, and know/understand the catalysts that are partially responsible for the price drop.
I have been calling silver for the past almost a year .... and I also predicted it was going to be a bumpy ride!
In the past year, silver is still up 20%, and in the past 5 years, its still up 135%. Gold in comparison is up 28% over the past 5 years.
One of the catalysts that influenced the silver "panic" of the past two weeks, is that Eric Sprott - of
Sprott Asset Management Inc - who managed a very large silver ETF portfolio, sold off almost 75% of his silver stocks (approx. $35M), causing market analysts to take note and to "panic". If Eric is selling silver, shit must be about to hit the fan!!
What they did not see coming, is that
Eric is re-investing all of the cash from the sale of his silver ETFs into ..... you guessed it - physical silver bouillon - and he is buying it at almost 30% less than he would have been able to do so 3 weeks ago!!
A perfect example of how the rich keep getting richer!!! David Rockefeller used a similar bullish move in 1929 to influence the stock panic responsible for the great depression, and all the while, he was buying masses of people's promissory notes for literally pennies on the dollar!!! This is very similar to how the Rockefeller Dynasty was obtained.
Like previously mentioned ... the sharp drop in silver prices in the past two weeks, smart investors will see as a GOLDEN (pardon the pun) opportunity!
BUY UP - AND THEN BUCKLE UP AND ENJOY THE RIDE!!!
http://www.theglobeandmail.com/globe...rticle2007195/