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<p>[QUOTE=&quot;Rono, post: 1709855, member: 6492&quot;]Howdy,</p><p><br /></p><p>Good points.&nbsp; The gurus as the Hard Asset conference don&#039;t see inflation as being a problem for a number of reasons, BUT basically because the Fed has some heavy weaponry to combat it.&nbsp; The signal would be rising interest rates and we&#039;re not seeing that.&nbsp; They also hate the major miners in spite of the fact that gold/XAU is around 13.5.&nbsp; They prefer juniors but caution that at these POGs we&#039;ll see a demise of 500-600 juniors over the next year or so as they operating cash runs out.</p><p><br /></p><p>Unlike some of the uberbulls, I&#039;m with you in having a balanced asset allocation with 5-10 in pm&#039;s.&nbsp; I much prefer hands on physical but that&#039;s me.&nbsp; </p><p><br /></p><p>VanEeden who was the only bear last year and called for the pullback sees a true value of gold around 950 or so but doesn&#039;t think it will go that low.&nbsp;&nbsp; You are correct that the miners are on sale, but you need to be very careful and check their cash on hand.</p><p><br /></p><p>Technically, gold has support at 1320 and 950 and silver is around 22.&nbsp; We&#039;ll see.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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