Thursday, January 14, 2010

Floyd's Opinion on Gold/Silver

With the recent sell off in Gold subscribers are pleased with the huge profits we've had, pleased that we've kept some of each Gold position, made a new recommendation (AU)and continue to be enamored with Gold. Despite the sell off, Gold remains in a long term bull market and we think a great hedge against inflation. People are fearful of all big government, and currencies will become the question, as the guarantees all the countries make in securing the funds they need to build their country. We are all unsure, and Gold, Silver, are sure, and remain up to 15% of our portfolio.

Volatility isn't strong enough for option trading yet on GLD, but continuing to build your positions on downturn in AU, CEF, and GLD are sound investments.