9.11.2006

NOW THE TIME?


Metals are getting crushed today and it may be a good time for the longer term bulls to buy the dip. GDX is an ETF that owns all of the big metal players and its now down about $10 from its recent highs. I intend to scale in and buy as the markets permit.

There is not much doubt in my mind that something will show over the near term which will cause gold and silver prices to rise. I would also opine that over the longer term the dollar will continue its slide which will lead to higher commodity prices.

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