by Michael Noonan, Edge Trader Plus:
Got gold? Got silver? If not, you may not survive very well under the current and future regime[s] established in this country. Does price matter? Sure, everyone wants to buy reasonably near the lows, and there are many of us who paid substantially higher prices than currently exist. However, if there is no intent to sell but only hold as a form of wealth protection and/or a form of insurance against a worthless fiat paper currency, then price paid is really immaterial and focus should remain on purpose, not price. Owning and controlling either or both gold and silver are far more important.
In a market that is forming a bottom, price usually moves sideways along the RHS of the chart [Right Hand Side]. What is known for certain is that the farther price moves along the RHS, the closer it gets to a final resolution: a final bottom and eventual reversal of trend. The same applies to the ownership of gold and silver.
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