Interesting Articles This Weekend

I posted some links to some of the more interesting articles I read this weekend, starting with the World Gold Council’s admission that the world’s central banks now hold more gold than any other time in the last 31 years!

Copper boom likely to last for decades, prompting a global hunt for new supply, with some junior explorers mentioned, of which I own some MXROF and DOLLF.

Here is a 45 minute video with Rick Rule, on when he will finally sell his gold.

I try to keep balanced, and that means also posting article in which I don’t agree with the actions taken, like the following. Phil Streible recommended clients take profits this week, telling them to “sell the rip”. Notice he observes silver is performing better than gold, and that he is looking to get back involved, so he is a bull without his positions is how I see it. Its easy to get convinced to take profits, especially the relatively small moves “a rip” higher, but I have found that while cashing out early works 7 or 8 out of 10 times, it leaves one on the sidelines for the biggest and best moves, the ones that change our entire financial future. The old adage is let winners run, and it still applies in my trading, most of the overall gains in a portfolio come from a few big winners, and we have to be in them when they fly. In short, if I am going to try and skim 5% returns here and there, far easier groups to trade can offer up those opportunities, but that is just one man’s opinion. It does seem the biggest, most successful investors don’t jump in and out of their holdings, once they have formed an investment thesis.

I think this week might have changed how metals and miners are being perceived in the markets. Not only were there huge gains one day this week, in the face of weak markets overall, but the volume in things like SILJ has doubled, showing renewed interest in the sector. Thus, I will continue to look for windows to add to positions. Here is SILJ’s weekly chart…