Showing posts with label avoid. Show all posts
Showing posts with label avoid. Show all posts

Thursday, April 18, 2013

G-20 Draft Affirms Vow to Avoid Competitive Devaluations

The G-20 continues to jawbone against competitive currency devaluation.  Yet, member central banks are furiously engaged in a currency war, with QE to infinity.  And Bloomberg happily and complicitly reports the G-20's pledge to avoid a currency war.  You know the status quo is getting desperate when they resort to outright lying.

http://www.bloomberg.com/news/2013-04-18/g-20-draft-affirms-commitment-to-avoid-competitive-devaluations.html

Tuesday, April 12, 2011

Four silver investments to avoid

http://www.sovereignman.com/expat/four-silver-investments-to-avoid?a_aid=CRX

I own one of the four the author warns to avoid, SVM, albeit at a good profit.  I may consider unloading it on the next run up--and rolling it over into another silver miner.  I do agree with him on avoiding the other three, especially SLV, which has been stated often here, is not fully backed by silver.

Generally, in a secular bull market, if you are looking to average in, it may make sense to rotate out of silver plays you're not as comfortable with (or ones you've already booked profits on), and roll the proceeds into another silver investment you believe has more upside potential going forward.  Just like you should try to exit the first position on a rise, you should try to enter the new position after a correction or a dip.

See disclaimers in the side bar.

Disclosure:  long SVM, no position on SLV, CDE, and 100 oz. silver bars.