Loading ...I like that. I also like winners never quit and quitters never win. I’m fully invested in PM shares….mostly producers…..no ETF’s because I refuse to provide the riggers and controllers of the markets the means to dictate and control the price, and that is exactly what trading the ETF’s is doing. The ETF’s are nothing but giant slushfunds that are being used to rig the markets and control their directions. They are also nothing but derivatives, which are unregulated, with two players; party and counter party. Party is the trader and counter party is the casino. But we all have our own standards and principles and the ETF’s seem to be the investment of choice around here now for many years, and growing in popularity due to the ease of trading in them and the leverage they provide. I believe I already know the outcome for those who trade in the ETF’s and it’s not a pretty picture. What I “see” is this: An event will occur that sends the PM’s into the stratosphere. The entire sector will skyrocket 1000%, 10,000%, or maybe even 50,000%….. and the ETF holders will be rich, I tell you RICH, until they decide to cash out. That is when they will discover there is no longer a counter party that will cover their winnings. They will discover they are holding an empty bag with an IOU in it that will never be honored. Why?? because the ETF’s mandate state in plain English they only TRACK a certain sector. They have no obligation to own anything in that sector and in fact they may actually be using the investors funds to short the very sector the investor is trading in.
I know I’m talking to myself so I’ll shut up, but forewarned is forearmed. All the best from Silverngold.