RE: Hodson Picks YRIThese good gold jr's are the only place I feel reasonably safe right now. YRI is one of the best. As I expected Goldmans report was positive, not because it truely was but because I'm sure their accountants used some creative book keeping to make it so. I wonder what write downs they moved into the next quarter. Fed wouldn't allow for another major to implode on the heals of the Bear. There isn't a financial out there right now that isn't at risk so I can't understand why investors aren't moving into the jr golds faster. Are the funds in so deep they can't change and just have to hang in there until they fail. You can bet the guys managing these funds are long gone and Joe public will be left holding an empty bag. In fact the FED is already passing the cost of the badly created and managed funds onto Joe public. Soon to be Canada's turn.
1/3 gold, 1/3 cash, 1/3 good PM jr's. NO debt of any kind. Canadians are moving real close to that serious turn down in house prices and when that starts it will go down at a breath taking pace. That equity you now have in your home could vaporize overnight. I just completed an independent servey accross the country. Listings are going up, as you would expect in the spring but something that we haven't seen for a few years is a drop in prices, REDUCED signs everywhere and spec builders that are thinking they could lose all their gains of the past 4 years. Agents and financials are still pumping! Take a lesson from the Bear and use your own logic on real estate investments. If it feels bad it is likely worse because we are still hanging on to last years hype.
Gold jr's haven't moved yet so they are really the only investment with unquestionable upside. I don't understand why more do not see this yet. I'm venting on this board and know full well I'm talking to the converted as most reading this already have exposure to the jr's. Great to know we will be the next group to acquire wealth isn't it. I feel even better knowing that we didn't do it by creating some crooked scam.
YRI has both growth and take over potential.