Searchlight Innovations Inc T.SLX

RE: Take profit at $10/$20, not $1!!!

[farshooter]

Did you say "hold'?

Well, let's read what James Turk has to say on gold, silver, and mining shares on today's KWN's interview:

The theme for the balance of this year and into next will be determined accumulation of physical gold and silver.  The reason for that is that the drivers for gold and silver remain the same, monetary problems around the world.  Individuals and institutions need a safe haven because of all of the monetary turmoil as well as ongoing crises.  With physical gold and silver they know their money is safe.

So the way I see it, we need gold and silver now more than ever, which is the same message the mining shares are telling us.   The strong accumulation that we are seeing in the mining shares bodes well for next year in terms of performance both for the metals, but in particular the mining shares.

And, of course, Eric King has the last word.  What's the word EK?

Turk is correct, we are seeing tremendous accumulation in the mining shares.  It’s not that the commercials can’t wiggle some of these mining shares lower in price from time to time.  It’s just that the commercials and other professionals will be buying the shares from weak-handed sellers in each of those dips.  This is just the reality of massive professional accumulation as we move through phase II.  That’s just the way bull markets work.

So there you have it:  "Hold those shares!!"


PS  For those boys running low on testosterone,  I suggest growing a pair of new ones.