OTCQX:RPMGD - Post by User
Post by
Adahondeayenhon Jan 25, 2010 1:09pm
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Post# 16715644
Peter Schiff very bullish on gold
Peter Schiff very bullish on goldPeter Schiff, my favorite American investor, is still very bullish on gold. Just a few days ago on the DOW jones channel CNBC he recommended buying up gold on any weakness, and he said he was bullish on gold short term and long term.
He is investing out of America, preferring China and Asia. However he is also adding positions in Canada and America, and he said he is buying up American gold mines and energy.
I believe silver is going to make some HUGE moves in 2010. If you want to buy silver, I suggest you just back the truck up as this is going to make some great moves this year!!!
I'm waiting for this gold weakness to drop... I expect we might see gold low at 1025 -1075 . I can't wait though for gold 1300 , and this should bring new investors to the mining industry. Rye Patch is a GREAT mine to own... Millions of ounces, extensive drilling, experienced management team. The insiders know it, we know it. Kinross owns millions and millions of shares.
RPM is going to do very well in 2010, as this stock is in a very nice UPtrend. Silver and gold are going to start making their moves this year. Look to the springtime, as many institutional investors said they want to get in the mines around 2nd quarter.