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Wallace, Idaho (5th April
2006) – It’s over. There is no more bear
party: their party has ended. Their musical chairs are not
emitting music anymore. Anyone with any sense has sat down.
The paradigm shift has, well, it has shifted. If you want
that one last chair, and love to gamble, then hold out for
$9 silver or $500 gold. Otherwise, acquire all you can at
$11 or $600, grab a chair and call it a good day’s work.
Divest yourself of any company with a hedge
book. Flee from the shorts and the derivatives, the liars
and the thieves. They may have made you money in the short
run, but in the long run they will kill you. Hide behind a
metal shield as any good warrior from Egyptian times forward
has learnt to do, and do it quickly. Aim straight and fire
true the first time. Or at least fire first. You can always
re-aim while your enemy is trying to figure out where you
came from.
Expect some violent corrections, as a market
change of this magnitude is not without its turbulence. It’s
why they put seat-belts in airplanes. You will attain your
advertised cruising altitude, but not without a bit of chop
along the way.
Does this mean silver has nowhere else but up
to go? No. The tea leaves tell us we’re in for a nasty
and violent correction, perhaps as early as next week. Look
for a test of $8.50 or even $7. But because we are in a bull
market, this correction, however violent, will be brief. We
got out of the March doldrums unscathed, but don’t think
there’s not a payback coming our way.
Try to buy physical silver right now at $10,
or even $11. The cheap stuff’s gone. Maybe all gone.
The Arabs and the Russians and the Chinese are converting
their paper US cash into something fungible. This is not about
the Hunts cornering the market. It’s about real people
who are selling their real assets, and who want something
real in return. They are far beyond the reach of the Federal
Reserve this time – unlike the Hunts, who played by
the Fed’s rules and got screwed by the CFTC.
The fundamentals are piling up. There
is huge leverage to this market, even with a crash down to
$7. Get it now, while it’s cheap. The Fednote is in
a graveyard spiral from which there is no recovery. The world
has figured out that printing presses cannot make gold, silver
or gasoline.
By David Bond, Editor
The Silver Valley Mining
Journal
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