RE: RE: RE: FR Bullion Store$18...doubtful. Hey...long term, i'm bullish on the metals. Especially Silver....and FR.
No...markets correct. My only point. FR has a great story....as mentioned previously..turned on to FR after reading Morgan's newsletter in 07'?. In at $4 or so....Morgan said...absolute FLOOR was $3....back up the truck! Then the crash took us to $.80 or so. Did load up there. As posted previously...sold most in the 3's. Frustrated we could never breakout. We did.......ramped in a few months to $11 and change. Sold my remaining FR shares in the mid $10's.
FR..great story....great management. Now a silver proxy. The " proxy " trade cuts both ways although my sense is " if metals correct " we'll do better than most.
Wish we had options.
Using SLW,PAAS,GDX,GDXJ and AEM puts as a hedge. Sold 1/2 my PM holdings. Have seen this movie before.
China is a house of cards which, at least initially will take most metals down with it.
Alot of smart people saw the Naz crash, albiet early....happened. Ditto for the credit bubble...etc...etc..albiet early...happened.
China? In 30 years of investing don't believe i've see a more beloved trade. The China story.
Milton Friedman once said that in the history of mankind....no communist country..NO...communist country has succesfully gone from communism to capitalism without major upheaval...at some point. EVER!
Most think our BLS's #'s are manipulated? Silver is manipulated?
Think China might massage their #'s?
Have read Jim Grant for years. Call me a skeptic!
GLTA
p