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No Prisoners!Mike Hoy I know the
boyz are back at work doing their best to confuse you. I know
they need to create value so that you feel you need to pay them
for the services they sell. If you sat down and really thought
about where the confusion lies, you would realize that the battle
exists within yourself. Deep down inside you know what the future
holds; You know that all the research and homework that you have spent hours upon hours doing, is telling you the end result is already carved in stone. You know debt and bankruptcies are going to continue to increase. You know that the Fed will continue to pump until the day comes when they simply cannot pump anymore. You know inflation is running rampant and the figures put out by the government are wrong. You know your bills continue to climb every year. You know that huge amounts of our country's debt has fallen into the hands of people who hate us and our way of life; you know this debt is going to come back to haunt us at the absolute worst time possible. You know rising interest rates can trigger a derivative debacle. You know that the dollar will eventually get creamed to reflect its true value. You know the boyz are running out of time and the dollar is quickly losing favor overseas. You know the Japanese have said they will no longer support the dollar. Although in their case I think their addiction is kind of like sucking your thumb, it is a little hard to stop. You
know that the demand for oil and gas has gone through the roof
while the supplies have peaked creating the potential for a tremendous
shortage in the future. You know and understand all of this; so what is the problem? The problem is real simple. You have allowed yourself to become confused by people, who we traditionally believe to be more intelligent than ourselves, people who are simply wrong in their assessments of what is truly going on in the markets today. These people know and understand everything that you and I know; but for some reason they feel they must have a major pullback in the price of gold and silver. Maybe they feel they have to justify their own existence by so doing. I fault these people most for the disservice they do to the novice and those who truly do not understand the markets. I fault them because they themselves have no problem at all in telling you that they will be big buyers after they get their pullback. I fault them for believing they truly have your best interest at heart. If they truly had your best interest at heart they would take the totally opposite approach to what they are doing and what they are saying. I fault them for not coming out and saying "we feel the long term will take gold to much higher levels but on the short term we feel that gold is subject to a correction. If we have a correction, add to your positions!" This is a completely different way of letting their readers know that the long term has not changed and investors should take full advantage of weakness in their stocks to add to their positions. These people are making the greatest mistakes of their careers by trying to time the movements in the markets and the price of gold. Traders and technicians are a dime a dozen. They are all playing the same game and eventually they will all end up in the same boat. This is not to say that all traders and technicians are worthless, most are, but a few do very well. The most successful do not need to sell subscriptions to make a living. I wish they were all paid a percentage of the profits for their work. If they were paid in this manner there would only be about 20% still left around. I believe the fundamentals for gold and silver have never been better or more clear. I have never been more excited about the stocks I own than I am today. I see the progress my companies are making and I have nothing but complete faith and confidence in their direction. I can not even begin to imagine being out of my positions. I could care less about what gold does on the short term. I could care less about what the stocks do on the short term. I could care less what the charts are saying, even if I could hear them. Don't you realize that the gold and silver markets are miniscule when compared to the other markets? Don't you realize that the powers that be must do everything in their power to hold gold and silver back? Don't you know that this manipulation can end at any given point in time? Sure it is like a rubber band and there may still be a little stretch left; the longer it takes to snap the higher gold and silver will go. When the time does come for it to end, it will be too late to establish positions at fire sale prices. The next leg of the bull market can begin at any time and the best thing is the fact that all these people, on the sidelines, will be the propelling force behind the move up. There are so
many "triggers" out there in the world today that it
is impossible for one of them not to be tripped. When this happens
the game is over! Without doubt there are many surprises in the
future; I can not think of one that would be pleasant. Where
will the guru's be then? How will they establish their positions
then? The bottom line people; it does not matter what gold and
silver do on the short term. Invest in companies for what they
will be in the future. Find companies that are well managed with
established game plans that are being properly implemented. I
own companies I feel will be "Dynamos" in the next
3-5 years. What these companies trade for today is a fraction
of what they will be worth in the next five years. Let's focus
on why we own the stocks we own. If you are like me, you own
companies that you feel will be huge beneficiaries as they drill
up their resources and prove the true value of their resources
to the shareholders and financiers. The end result is to achieve
production from the assets you own. When I see the results from
my favorite stocks I get very excited about what the future holds.
I see production and terrific cash flow. I see profits and a
much higher stock price in the multiple of at least 5X. I can
not even begin to imagine these stocks trading for a price less
than where they are right now. BUT, I know the possibility exists
for cheaper prices and this, people, excites me more. Remember, your
battle is with your conscience. You know through common sense
and the hours you have spent on research what the future holds.
You know that the fundamentals have never been more obvious,
giving you the investment philosophy that you have today. With
this as a guideline, do not feel confused because people you
once respected have lost their way. It is a sign of intelligence
and growth for you to realize that you do not agree with their
outlook on the market. It is absolutely OK for you to stand up
to these people and tell them they are wrong. Even if they get
their pullback, they may never be able to get fills at prices
that would have justified their recommendations. I am having
trouble getting fills and I am on the buy side in a weak market.
They are only kidding themselves if they think that one day they
will wake up, turn bullish and get everyone on board at the same
time. I get excited
just by writing about this subject; I have been in this business
a long time and I have to believe the best bull market of all
time in any sector may be about to begin again and this is only
round 2. I remember the big money that was made in the late 1970's
and early 1980's. I wish I had a chance to participate in it
back then, but unfortunately brokerage firms just didn't seem
to think the precious metals industry had much of a future; sound
familiar? This is a lay down in comparison to what went on then,
I believe this bull market will easily eclipse the highs of the
last bull market. I have tripled our money in the last three
years and I believe the next three offer so much more opportunity
than the last three. I only hope that the money I make will be
worth something when the time comes to cash in. The problems
today are so much more serious than those of the 70's and 80's. |