Wednesday 11 April 2012

Secret "trick" for you...............from Rico

Here is a small 'secret' trick for you to try.

While the COMEX spot prices on precious metals paper 'futures' reflect one price (use Kitco to follow them). the real physical price (use APMEX to check) disconnects by a bit.
- The 'paper' GLD and SLV follow the COMEX/NYMEX 'spot' price, and I think they are 'rigged' and 'manipulated' [read: dishonest].

I would completely IGNORE the day-to-day 'noise' and instead look at the year-on-year long term trend.
- The trend is your friend (and not the daily burps and hiccups in the paper COMEX).

If you 'look' at what 1oz of either physical Gold or Silver sells for at APMEX and compare it to the paper-futures COMEX/NYMEX numbers, you will see the difference very clearly.
- It ain't rocket science.

The 'paper' ETF's GLD and SLV are 'leveraged' about 100:1 (they have 1oz for every 100oz they have sold; their failure will be a disisater bigger than MF Global).
- CEF, PHYS, and PSLV are 100% backed by allocated physical bullion.

That said, if you do not hold it, you do not own it. A few oz of Silver or Gold in your pocket is never a bad thing. You control it, not someone else.
- ATM's? Fuggedaboudid!

Trust Bernanke, Obama, Jamie Dimon of JPM?
- I'm just sayin'...

They used to say at Madison Square Garden: "At all times. protect yourself."

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