Comment: I have been sitting on a target

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I have been sitting on a target

in regards to Au & Ag. In 2008, they both dropped significantly during the crisis only to rebound. I was not in position to act.

During a financial crisis, margin calls force liquidation, and people have to liquidate their their best positions to close out contracts.

I think we will see a similar opportunity this year and I will be ready this time. I have continued to add modestly when there have been large drops. Now I am sitting until it hits.

Targets based on 2008 Peak/trough
Au - $1435.00
Ag - $22.00

Ready and waiting!

Liberty = Responsibility