Bull lookin good. Exit strategies for stocks. Bought more Gold. 1/5/12 update

Dow/S&P: BULL (but cautious)
GDX/GDXJ/SIL: BULL
Gold: Neutral (I'm adding here.)
Silver: Neutral (Looking for it to get back above $30.oz

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[modelmark]

You think SilverWheaton will drop to 2? Why is that? what price of silver belongs with that, when will that be.

dotcom had no sales and no profit and enormous valuations, how does that compare to SLV?

SSRI has a P/E of 2.6 is that over valued?

[bullorbearreport]

@modelmark SilverWheaton is another animal. It actually makes money from the Silver streaming and seems to track the price of Silver "VERY" closely. When Silver was at $48 SLW was in the upper 40's. Now silver is at $29.00 and SLW is around $30.00. So I don't think it will ever go to $2.00 again unless silver goes to $5.00 bucks. But other regular miners could go bankrupt if metals crash sending their stocks down -50% or more due to operating expenses.. Must be careful.

[modelmark]

@bullorbearreport sure, but silver 5 bucks seems unrealistic with trillions and billions flying all over the place. US army was handing out stacks of 5000 dollar to Iraqi's to win the minds and harts of the people. Failed of course, since it is stolen money. Nevertheless 5$ is hard to imagine in this environment. But then again, credit contraction/deleveraging might offset all the money printing. That would cause quiet some mess. I can't imagine they go there.

[bullorbearreport]

@modelmark I don't think Silver would ever go to five either. Just an example. But if it did by some freak incident.... it will be time for guns, ammo and every man for himself. Because we would be in the worst depression in the history of man.

[charlesfuchs]

SELLLLLL, its coming down!!

[bullorbearreport]

@charlesfuchs You know what... your right. I just sold all my TAL for a 21.3% Gain in 3 weeks! Thanks for telling me to sell. I'm still holding other positions though. Now I put that money into money market waiting for another buying opportunity. Hope you made 21% also in the same trade I told everyone I was doing in December... Fear will never make you money... Only calculated risks.

[marcemellowmusic]

Smash you ibanez guitar when silver reaches $100 !!!!!! :D

[spaghetti3331]

Buying Gold ETF is not a bad idea, it will be a bad year for stocks..

[WAKEUPNOWDAMMIT]

@bullorbearreport Hya. Thanks for the advice, and it looks like your heart is in the right place too. You think metals will crash with stocks in the "crisis"? I'm new to this. Got some .999 silver though. Should i be ready to swoop in and grab gold and silver at 1000/15 or something? Thank you for your time and works.

[modelmark]

@bullorbearreport agree, it will be bad either way:hyperinflation or deflation. I still think the signs are set for hyperinflation, or they pulled a giant trick on us (which is not impossible). That way they can nominally keep their promises, and buy all the loyalty they want with their funny money. Bad side here int gitmo nation netherlands, we are not allowed to have guns, so I will be toast. On the other hand in gitmo nation USA, the police have bigger guns.

[charlesfuchs]

@bullorbearreport I have a gut feeling that they will take the market down real hard in a few months tanking the commodities also like 2008. Having cash right now is huge and the time is right soon.

[GuildF40]

@bigrsoul Hi Richard

I have no idea :)