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« Before You Shoot Your Next Arrow | Main | Inverse Relativity has deserted us, for now »
Wednesday
Jan262011

John Embry on that old relic Gold

John Embry.JPG

Just in case you missed this article, as we know that are all busy with your day jobs etc, but one of the sites we ask you to visit from time to time is the jsmineset hosted by Jim Sinclair. If you scroll down to an article called


A Decade Of Gaining 18% A Year — "Some Relic"

It appeared in the Investor's Digest of Canada, the author is John Embry and well worth the read, here are a just a few snippets to wet your appetite:

The lows of this manufactured correction will be the lowest prices we will see in 2011; take advantage of this opportunity




Amongst the drivel included were

1.) The mistaken idea that jewelry demand is at all relevant when gold is re-establishing itself in its historical role as money.

2.) The misguided suggestion that gold supply is going to rise because of large increases in mine production.

3.) The old canard that central banks stand ready to flood the market with their vast re-serves (we’ve already seen that act, it’s over).

4.) The popularity of gold ETFs which could lead to massive selling if gold enthusiasm waned (I wouldn’t worry about that given the amount of paper gold that is in these vehicles).

5.) The under performance of gold stocks in relation to bullion (only true if you confine your analysis to the seniors) indicating that investors questioned the sustainability of the gold bull market.


“Gold is money. Everything else is credit.”
J.P. Morgan

..............................................................................

Over in the options trading pit we have just closed 3 more winning trades, so we now have 62 winners out of 64 trades, or a 96.87% success rate.


If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.


sk chart Jan 2011.JPG


The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.


To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

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