Monday, June 27, 2011

When tempted to sell silver...

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Headlines:


George Soros Says Greece, Europe Doomed without Plan B
George Soros is not very hopeful about Greece, Europe and the looming financial crisis but feels there are ways to avoid it.

More Soros: Financial System "On Verge of Collapse"
Soros warns against financial complacency, saying the next crisis is closer than most suspect...

A Solar Energy Overview
In only a few years' time, the solar market has gone from "That stuff'll never work" to a billion-dollar acquisition target of the biggest oil companies in the world.

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Obama's Proposal to End $72 Billion Business Tax Breaks; Faces a Headache
President Obama faces tension from the Republicans on the tax break proposal, while Republicans walk out of talks with Biden.

Fed's 'QE2.5' Will Buy $300b In Next 12 Mos.
Even after QE2 ends in 3 days time, the Fed will continue buying up to $300b of securities over the next year (even without QE3)...

Japan Goes Solar
Editor Jeff Siegel discusses how a new energy plan in Japan could spark a $286 billion play on solar.

5 "Crazy" Stock Market Predictions for the Rest of 2011
You might think they're crazy, but my list of predictions could have a big impact on your portfolio the rest of the year.

Market Notes June 27

When tempted to sell silver...

Precious metals were battered again today. I try to think long-term during these mini-bear markets, sometimes look for buying opps.

The same trepedation I had when silver hit $15, then $20, then $25... I have now. But back then, when tempted to sell, I refused. I re-examine the big questions: will QE3 materialize; are deficits getting smaller; has finance been reformed? Yes, no, no. That's how I see it. The same applies to gold, of course, perhaps even more.

Focus on the long-term case, spread your purchases out, don't buy more than you can afford to, and have diversifcation. That's what I tell friends who ask about precious metals.

Regards,

Adam Sharp
Editor, Wealth Wire




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