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Old 04-24-2007, 10:48 AM
john kane john kane is offline
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Join Date: Dec 2004
Posts: 2,829
Default Re: Buying Gold / Silver / Precious Metals

[ QUOTE ]
When sentiment gets so one-sided, it's usually a good sign to start looking for the exit door.

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i completely disagree. as i said above, maybe its becuase 90% of articles you will find about any investment will say 'invest' and 10% 'don't invest' but for every 1 uranium article in 2006 you can find saying it is a bad investment, im pretty sure i could find you 20 saying to invest.

but your logic above, you'd of missed out on a price rise from price over trebling since 1st jan 2006.

here is an article from moneyweek on the early february 2007. spot price of uranium $75. They, like almost every article under the sun, said to expect $100+ this year.

http://www.moneyweek.com/file/25277/...this-year.html

from memory currently is around $113. when you have a vast number of 'experts' saying to buy something for the next 6 month+ period. I am sure im some cases the cliche is true, but you have countless cliches for everything. maybe 'you got to be in it to win it' 'you can't lose what you don't put on the table, but you can't win much either' 'he who dares wins' etc etc.

cliches or one liners mean nothing imo.

sorry, i think ive gone far too extreme in my reply. just when trying to learn about investing, you hear so many different viewpoints. no jokes, i don't think ive ever come across learning something without so many people thinking they are right in what to do, each with valid arguments. that is what makes it so hard i guess.

all im trying to do is find a few investments which i think will do very well given the trends. my first one was gaming shares, then uranium, now gold. each have done very well, and i hope uranium will be the same.

sorry if this has come across as a tirade, just pretty tired from doing too much work recently and realising I have $2K less than I actually do (spending a lot recently, bad debts)
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