Monday, May 9, 2011

Silver bears turn tail

Boy--that was a really tough call to make!!

The physical buyers pick up what the paper sellers sell!

And last weeks silver snuffer, Jim Cramer, is now saying he always has, and always will be an advocate of gold!


“I’ve been recommending gold since I started Mad Money,” Mr. Cramer declared. “ . . . There will be moments of fluff but I'm not really trading it . . . I regard it as the currency of your portfolio . . . I feel very strongly we are not in a topping phase.”

“I’d rather have the insurance policy of gold rather than the insurance policy of GEICO,” Mr. Cramer later said.
at

4 comments:

  1. AnonymousMay 9, 2011 at 11:36 AM

    lol...good call...do you see a bounce to 40 and maybe a retest?

    ReplyDelete
  2. AnonymousMay 9, 2011 at 12:57 PM

    what are your thoughts on X?

    ReplyDelete
  3. PalmoniMay 9, 2011 at 1:19 PM

    I think X bounces here--i bought calls on X today

    and silver a bounce to 41

    ReplyDelete
  4. AnonymousMay 10, 2011 at 2:51 PM

    Where do you see slv getting to?

    ReplyDelete