Dharma,
Italy is imposing 20% tax on all incoming wires!!
http://www.zerohedge...g-all-inbound-m
yes i saw that ! and i also see gannman posted it as well. it seems that everytime you reach in your pocket the tax man will be there
i look for cost push inflation to come in japan, kuroda and abe are bent on getting rising inflation. japan can become a potential big buyer of pms.
i also look for india to be free to buy as well . modi is the lead runner in the election. the old guard still has its finger on the market.
china continues to be the lead buyer.
we are overbought here. and the market remains firm
i think gld and slv are only good vehicles for shorting. their owners scam will be made apparent @ some point in the future. the gold in gld is being stripped out. much to the dismay of the pom pom cheer leaders. the pms will have pull backs we are building a foundation here. not a parabolic . be prudent. dont chase. i am doing some very light selective selling. some of the juniors have doubled. i think that over the next years they are going higher, but i like playing w/house money. the market continues to look and act very promising. nothing can be said definitely. but we are headed in the right direction.
i know it costs alot of money to open a mine. drill it for samples. and then extract the metal. i saw last time, and this is down the road, the explorers will be valued(as will the majors) for said gold in the ground. its a whole shift in psychology.. so jim willie is entitled to his preferences. the big winners will be the miners located in geopolitical safe areas.
dharma