GREY:GMFLF - Post by User
Comment by
Finnthecelton Feb 12, 2013 1:42pm
261 Views
Post# 20975807
RE: RE: down 25%
RE: RE: down 25% Or it could be that I bought in at .35 right before the fall. Oh well, I only put enough in to put them on the radar. What a wonderful opportunity to add to my position.
Brent may be right to a degree but another 12-18 mos of this? Ouch. I was looking at some charts the other day, specifically silver from the 70's up until '80, there was a 4 year consolidation before the fireworks. If he's considering the same charts for his prediction, he may be making an error.
There was much more investor grade silver at the time and much less industrial use. The markets were also confined to pretty much the US market and you had to have a brokerage account. It was also much harder to get information about nearly any topic. Additionally there is now >10x base money in the world.
These are turbulent times where you need a new lens to view a dynamically changing world.