phage_17

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    • Thu Apr 3rd 00:06 AM | Rating: 0 0
      Commented on:
      Gold Bubble May Be Coming to an End
      Well, I have no claim to expertise, but it seems to me there are problems in the dollar and financial stability. The actions of the Fed and banks of late have been short term fixes trying to keep things together for now with the hope that things will improve before they experience further problems. And it seems further negative statistics still come back at them again and again. Meanwhile, other than a pull out by many investors because gold backed off, what has fundamentally changed?

      Are not the factors that drove the price of gold up in the first place up until a couple of weeks ago still there?

      As for mining companies, I believe there is room for them to make huge profits. I suppose it still comes down to individual company strengths and weakness, but I believe the better companies are poised to really make a killing in the coming months. So, I'm sticking with my gold investments for the long term.

      Call it a beginners viewpoint, and I'm sure I'm still very naive, but that's what I see. Any responses will be welcome.
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    • Wed Apr 2nd 09:13 AM | Rating: 0 0
      Commented on:
      Gold Bubble May Be Coming to an End
      Gold prices are still very high relative to the past. Shouldn't mining companies be seeing record profits very soon? Even if gold is only $890 and not over $1000, that is still up a large percentage over just a year ago. Investments in mining stocks, whether individually or in mutual funds or ETFs, should start paying good dividends.

      Am I wrong here? Obviously, mining companies may open mines previously closed or increase production under higher prices which could eventually bring supply up enough to make some changes, but how long will that take?

      I'm fairly new to this whole game. Am I on the right track?
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