TSXV:SLX.P - Post by User
Comment by
farshooteron Dec 30, 2010 11:45am
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Post# 17906456
RE: RE: RE: Under a buck & patience...
RE: RE: RE: Under a buck & patience...What the hell, at 95 cents (!) I "splurged" for another 400 SLX shares (had a little over $400 left in my TFSA).
Opportunities like SLX come once in a blue moon as the saying goes. I can't believe that people are folding their hands (selling) so soon. When you're holding great cards (SLX shares), you don't fold---you play your damn freakin' hand and go for the damn pot. Losers fold a great hand.
If I may quote the last paragraph of Sprott's "All that Glitters is Silver" article last month . . .
As our dear friend, Marc Faber, espouses in his book “Tomorrow’s Gold”, an investor can do very well by only making a few good investment decisions over his or her career. The trick is to make one good investment decision every decade or so, based on trends that will last a number of years. In our view, owning physical silver and the associated stocks represents that type of investment opportunity today. If that seems too simplistic, consider that in October 2001 we wrote an article that identified the investment of the last decade. It too was just a simple metal. The article was entitled “All that Glitters is Gold”, and it was written when gold was still considered a relic in financial circles. We believe silver will be this decade’s gold, and judging by the recent price action, it’s already off to a great start.