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<p>[QUOTE="WoodyWW, post: 1733263, member: 26001"]"Cramer" was only recently recommending gold at between $1500--$1700; using the old saw that "everyone should own some gold". (a phrase that some Wall St. stock or bond guys, who know little about PM, trot out, usually after a big run (up) in gold). And I could have missed it, but I never heard him recommending gold at much lower levels.</p><p><br /></p><p>He may be right in what he said this morning, but he has a bad habit of changing his views on stocks, & maybe gold, only <i>after </i>a big move. Like when he started saying to sell stocks, & raise cash, in Oct. 2008--just a <i>wee </i>bit late, I'd say........</p><p><br /></p><p>Your point about the difficulty of bottom--picking in PM, I think is very accurate. I also think silver could go to $10--$12 & maybe stay there for years.......& it'd be nice to get the premiums down on 90% & hopefully ASE's......[/QUOTE]</p><p><br /></p>
[QUOTE="WoodyWW, post: 1733263, member: 26001"]"Cramer" was only recently recommending gold at between $1500--$1700; using the old saw that "everyone should own some gold". (a phrase that some Wall St. stock or bond guys, who know little about PM, trot out, usually after a big run (up) in gold). And I could have missed it, but I never heard him recommending gold at much lower levels. He may be right in what he said this morning, but he has a bad habit of changing his views on stocks, & maybe gold, only [I]after [/I]a big move. Like when he started saying to sell stocks, & raise cash, in Oct. 2008--just a [I]wee [/I]bit late, I'd say........ Your point about the difficulty of bottom--picking in PM, I think is very accurate. I also think silver could go to $10--$12 & maybe stay there for years.......& it'd be nice to get the premiums down on 90% & hopefully ASE's......[/QUOTE]
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