As many of you know by now I'm just a wee bit bullish on silver. I'm going to point out something that probably most everyone knows but very few people can act on. The really great investors like
Buffett, Rogers,
Greenblatt, Templeton, etc. didn't
acquire their fortunes by trying to time every little daily and weekly wiggle in the stock market. No matter how good you are you're probably never going to become a billionaire by trying to "time" the markets. These investors became wealthy because they understood one important fact and that is the markets are not always rational, as a matter of fact most of the time they are irrational. What these investors look for is opportunities to buy an asset cheap when Mr. Market does something stupid and puts it on sale for a ridiculous price. When they see this kind of opportunity arise they ignore the rest of the sheep and make their own decisions. Buying great companies at the bottom of the devastating 74 bear market made
Buffett a billionaire. Buying pathetically undervalued commodities in 99 has made Jim Rogers a many fold return on his investment. Today the most
glaring bargain available is precious metals especially silver. To me it is just mind boggling how cheap silver is right now and nobody can seem to see it. Well I for one see it. I don't give a damn if silver drops $2-3 tomorrow. All that means is its more of a bargain. BTW if Mr. Market were to do something stupid like that I would probably liquidate some of my stock portfolio to buy more silver. As I've said many times in the past. All this COT,
VTO and
Bollinger band stuff is going to be
child's play when compared to what silver is going to do in the coming years.