Ann: Silver Hedging , page-5

Phil - The hedging was necessary as cash as you said was required.

I dont worry about CCU management, as i honestly believe they are a very astute bunch. They are calm, and proceed forward in a timely manner.

I think precious metals stocks are in the final bottoming stage, i really do. I think we will have one more stock though - a quick but big leg down and it will clear everyone out.

I have seen sooo many gold/silver bugs start turning bearish, one more leg down and they will throw in the towel.


The question is:

will the XJO break 3785 ? Im sure it will retest soon.
Will be get a double bottom ? or crack below.

Remember last 08 crash, PM stocks bottomed before the metals and markets hit its low.

Courage is needed.