All bubbles have to break, might be a simple truism. The housing bubble had to break, and the stock market bubble as well. For some strange reason, the metals followed the stocks, and it was a great buying opportunity. Has it reached the low in metals? No one knows. Has it reached the bottom in the housing prices? I doubt it. Has the stock market reached the bottom? I doubt it also. I really do as far as housing and stocks are concerned, but gold and silver? Perhaps. It was a nice correction, and especially in gold. Silver was only about 50 cents. but the $23 lower gold price was great. The ratio went down a point. Time to buy? It’s up today, Wednesday. Will gold and silver go down further? My crystal ball broke last week, so don’t ask me! At any rate, time will tell, and I am so swamped with paper-work, that I can’t write a long column today. Sorry, but this is a one man show, and even my wife is visiting the kids in Texas for a week. Have to go. I am writing a very interesting column for Gold Eagle this week, regarding cash flow, lack of interest on gold and silver, and a way for you rich people to get a cash flow.
