An Interesting Article On Wealth, Paper And Pm's

Sure seems like silver an gold are doing what I call (FALSE pullbacks) here to start an end the week, SIMPLY to disguise an slow the climb....

Just like when there both pulling back an fallin like a rock in the late fall an early winter leading up to Christmas an the new year, you get that one good day an a decent climb (FALSE climbs), but you know it is all for not as if it is falling 5 out of the 6 bus days, or 4 even, it is still dropping in the bigger picture, silver an gold both. Now I think we are seeing the opposite of that, as I fully expect a nice spike up to get the new week rolling, an more days of increases next week, then pull back days. we will see....

Lastly, silver has been real stubborn about holdin around $33.50 eh lately....

The problem with miners is that the only ones with potential are on the borderline of production costs.

Let's say a mine has 10 million ounces of minable silver that costs $45.00 an ounce to produce. At any price from $45 down, it's worth exactly nothing.

If silver goes up $10 overnight, it's still worth exactly nothing.

Once silver reaches $45, every dime increase makes the mine worth another $1 million.

Fredd... I understand clearly HOW silver and gold miners can make LOTS of money when the price of gold rises vs. their production costs and their resource base. The point was that a lot of people in the PM arena have been touting gold and silver miners for some time now and that virtually all of the people who invested in them have lost their shirts. Personally, I really LIKE wearing a shirt, so have no interest in investing in any of the miners. At some point, this will probably be a mistake on my part but so be it. The ride in the miner shares is just too damned rough for some of us. :-/