Do you own gold and silver?
Do you have investments in the stock market that give you the
potential to profit from higher priced oil, natural gas and coal?
What about agriculture: do you have access to the inevitable
sustained interest that people seem to have in eating food?
I hope you do. If you don't, it looks like you'll have an
opportunity to buy some of these assets at sale prices during this
broad-market down turn.
I don't know who sold their gold last Thursday to knock it down off
its highs of $1,680 - but it probably wasn't people like you and
me. It was probably short term traders, hedge funds, institutional
investors and central banks who needed to raise capital quickly to
cover some other loss or margin call.
We might see another few days or weeks of weakness in gold as that
trend unwinds, but I think the overwhelmingly strong trend in gold
will continue upward.
I mean... if you have to ask: the United States government just
celebrated their ability to take on more debt in the world's most
drawn out and dramatized exhibition of useless law-making.
I can't tell if they actually achieved in putting more than a tiny
blemish in the massive debts this country has, but from what I can
tell, they succeeded in increasing this country's debts, and they
had the gall to call it a victory.
If their "victory" doesn't give you a renewed sense of vigor about
your gold holdings, then I don't know what to tell you.
When this government slaps itself on the back for taking on more
debt, you should be running not walking to buy more gold on any
As I said in
Thursday's issue of the Resource Prospector
, "...you need to make a shopping list of companies you want to own
or companies you want to own more of.
Make the list now - so you're prepared when your dream-price
It's not too late to make your list - because while the blood
certainly spilled last week, I don't think the market is done
If you're a commodity investor, as I am, then you should be
readying yourself for the exact time to pick up some momentarily
ignored and forgotten assets at fire-sale prices.
These chances do not come along very often, and when they do, they
Make your list. Check it twice. Get your capital ready and prepare
to pounce: our chance is near.