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About Boot

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  • Birthday 11/04/1962

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  • Location
    Henderson Harbor NY
  • Interests
    Silver and Gold bullion and miners
  1. Boot

    Silver Under My Skin

    I think you have done well. I'm adding silver mostly now, some gold too. Price dip in the summer makes my mouth water...
  2. http://www.bullionbullscanada.com/index.ph...y&Itemid=99 Two short-term scenarios for Gold market Written by Jeff Nielson Thursday, 02 July 2009 10:00 Bullion Bulls Canada - Commentary Article Index Two short-term scenarios for Gold market Page # All Pages Page 1 of 2 At the beginning of May, the usual chorus began that gold was about to have its annual spring sell-off. Those voices included not only the anti-gold cabal, but also a number of commentators inside the sector. The prevailing “wisdom” was that since gold always sells off in the Spring that it must do so again. As is usually the case in the market, there was no actual analysis of why gold tends to sell-off in the spring – and if those conditions were present this year. There are typically two reasons which work in unison to generate a pull-back in the price of gold – from May through the end of August. Obviously, one of the bases for a pull-back is that gold typically has a large rally in the Spring, the culmination of the strong season for gold: from October through March. This year, there was no significant rally from January through March. The second fundamental factor which typically helps to create weakness in the gold market is a large decline in India gold imports – as their “wedding season” draws to a close, which is a cultural driver for gold purchases. This year, there have only been minimal imports from India (see “Is India now irrelevant to the gold market?”). Thus, there were no fundamental factors acting to push the price of gold lower. Observing this fact, I refused to sell any of my own positions. Yes, there is general weakness in the market over the summer months, and (even now) a sell-off cannot be ruled out. However, my own analysis was that risk/reward clearly favored holding onto precious metals positions.
  3. Boot

    Silver Under My Skin

    Thanks for the welcome. Your advice is noted. Some of that was in jest. I do like silver, but at what appears to me as good entry points. I have more gold miners that silver currently and multi mineral producers. I am slowly weighing into bullion and coins as I get a feel for it.
  4. Silver under my Skin? It dawned on me lately that I am in danger of becoming a silverbug. I love collecting silver coins, the older the better. Bullion of interesting design catches my eye. I have to fight the urge to buy large amounts. I fear my shipments will give the UPS deliverer a hernia. As a silver bug, I could also collect side-by-side, 12- gauge shotguns with silver accents. That would fend off unwelcome nocturnal visitors of both two and four-legged variety. No silver bullets for me though, just good ole buckshot. I’ll take my chances with vampires. Silver mining companies are attractive when you look through silver rimmed specs. My rims are cheap, but I wish they were silver. Silvermining operations have a tendency to be grand in scale and can be mined for many years. They are quite profitable when silver prices remain high as they are in production. Often the mines can be very efficient especially when co-located metals are sold to lower the cost of production. Gold explorers seem more hit or miss to me. Large, efficient silver mining operations have the potential to be a household name. I followed CDE for the longest time waiting for my good fortune. Naturally I cashed out with a small loss just before it went up several dollars. Yes, the common mans gold, and a common traders mistake. I wish I knew more about the lifecycle of a mine then. I’ve been at this a while, but I still don’t get the silver market. I like to think that I read those who do. Are the Silver Bears collectively correct, or are we all deluded? Is it deluded or diluted? Regardless, manipulation certainly has made the news this month. Silver always catches my eye in the news. I’ve been reading everywhere about Silver manipulation, ETFs distorting the silver market, silver and the COMEX. Silverbullets. It’s like a spaghetti western where the drifters are waging war with the cattle barons. Back then it was free-range cattle, now its manipulated markets. The barons are now the large banks and nefarious oligarchs. I just read about Mexico and its push for a silver standard, but their central bank most likely squelched it in the house. Rumor has it the banks’ reserve of silver was too low, so they wouldn’t have profited from the move. This will be an interesting story to follow if the banks increase their inventory before the ink is dry on new legislation. Why weight into silver with all the apparent manipulation? Here's a few reasons off the top. A silver bug doesn’t have to hold their breath to see if India is buying. A silver bug doesn’t have to hope congress for the Nth time doesn’t approve the release of gold inventories. Silver has enough industrial applications to be in demand regardless of jewelry consumption or coin uses. With medical, clothing and even solar panels using silver, demand must be on the rise. These applications are consuming silver, not just stockpiling it. So if Adam Smith was correct, in a laissez-faire market, supply and demand rules. Demand is on the rise, and cheap silver is getting tougher to find if one believes peak silver articles. Is it a laissez-faire market? How much manipulation is possible? Having lived through the Huntian 70’s I can confidently say, quite a bit. Can one yield profit going long on silver mining stocks to leverage a bull run? Or for such a volatile metal, perhaps the day-traders could find a niche. How often can the market be diluted every time there is a run up in the spot price? Who is stock-piling silver that would dilute the market? Do Silver ETFs actually have the bullion, or are they paper giants? These are common questions for a common man who loves common man’s gold. I do love the lunar metal, and common is ok. At a point in ones life, one should be comfortable with the skin you are in. I’m considering trying colloidal silver. It supposedly has positive health effects. At least I will get honest feedback from friends and strangers alike. Every prolonged glance upon my blue countenance will tell me if I got into silver a little too much. Boot 30 June 09
  5. I have to say that I like the approach y'all are presenting. I've been grinding out the DD on many juniors over the last few years. I've been tasked to do company write-ups, and am trying to develop an unbiased, systematic approach. I think my approach has been working in the direction you've presented. It's nice to see in in one place and legible. I will take your advice and run with it. My thanks to the presenters on this string. Boot
  6. I've been reading volumes on the internet about silver of late. Questions are floating around more that answers. Will silver continue its correction? What is the gold/silver ratio currently? What's the best way to invest in silver? Is the silver market being distorted by the ETFs? Is the silver/gold market being shorted? Well I found one answer. However, I must digress to divulge. In my quest for silvery enlightenment, I came upon the Silver Summit 2009, a vacation for mineral bugs like me. Mecca. Many of the big bears will be presenting, I daren't name them for fear of leaving one out. I found an interesting article (of clothing in fact). Silver Clothing. There is a silver clothier that has created a proprietary line of clothes with a silver lining (it's really in the fibers). Here's how they introduced themselves: ECLECTIC SILVER is the world's only SILVER CLOTHIER, with its major focus being on silver's anti-microbial & super-conductor qualities which help keep its wearers healthier and experience less discomfort/pain. Other qualities: Temperature regulating, thermo- & hydro-dynamic, and anti-static. Great for Miners, Athletes, Hunters & Law Enforcement. Everyone! I couldn't let it go, so I followed this E-trail to their web-site, and landed in an E-store. They have a whole line of clothing. Here's the site if you are interested. https://www.shop.eclecticsilver.net/osc/cat...f582a76cb28b7b8 Items featured: MEN'S APPAREL (57) Athletic Wear (9) Base Layer Wear (13) Camo Gear (17) Casual Wear (8) Outdoor Wear (10) WOMEN'S APPAREL (39) CHILDREN'S APPAREL (4) SOCKS & FOOTWEAR (22) THERAPEUTIC APPAREL (22) MINERS' DIGGERS (7) BEDDING & TOWELS (9) LOGO APPAREL (1) OTHER PRODUCTS (9) So, there is another way to invest in silver. Clothing. What should I buy? I need something for the whole family. Mens apparel, athletic wear, casual wear. Here's something, Medalist® Silvermax™ Performance Underwear Boxers. Their advertisement: It instantly inhibits bacterial growth which causes odor. Stay-dry Skinetics®MTS rapidly wicks away chill producing moisture. Body heat regulating keeps you warm during cold weather conditions. Anti-static immediately dissipates electrostatic charge for quiet noise-free movement. Eureka! My wife often complains about noise I make, and the odor that ensues. My desire to own silver, and keep my family safe has finally come together. Silver Clothes! Most importantly, I finally have an answer to one question about The Silver Market. Is silver being shorted? YES! Mens boxers to be precise. Brian "Boot" Boutilier