RE:RE:RE:RE:Super Stock Picker"gold needs to show more than $ 1350" ..what does that mean?.. 1350 was simply a level of resistance.. for now it has probably become support.. whatever..
Armstrong is one opinion among many.. I no more take his word as gospel than I take Sinclairs or Embrys or anyone else's including my own!.. I listen to all and try to keep an open mind.. the only thing i know for sure is that no one knows for sure what will happen.. including me.. The one problem I have with some of those guys is they sound like they know it all.. I have more trust in people who don't mind admitting they are sometimes wrong.. perma bulls are no different than perma bears.. that's like trying to say a coin has only one side.. the nature of markets is they go up and they go down.. you cant have one without the other..
I started building a position in FR and a few other stocks at the end of june.. I have since traded some and managed to get my average down a little and am happy to hold a core for the long haul.. and will continue to trade roughly half..
80% of my net worth is in bullion.
I also trade bear ETFs sometimes as a protection against major stock market crashes.. and I may be taking a possie in HSD soon..
Good luck