September 5, 2008
Cara's Commentary & Community Chat, Fri., Sept. 5, 2008, 8:39am ET
The most frequent request in my mailbox is to opine on the timing of a re-entry in the gold market. Yesterday, I sent the following reply regarding a silver inquiry from someone who’s background I know a bit about:
There will be, I believe, some help for Wall Street from the White House in the next 60 days. That ought to shake the present USD strength, and start the precious metals rally. If you see another extreme sell-off in silver, don't hesitate: jump in and tell yourself, as you do it, that this is a three year commitment. If you prefer the silver producers, these are weighed down by rising costs, so the royalty company SLW is probably best. I'd write puts and buy calls and go long the stock at the extreme sell-off.