Back from 'vacation'

Ok, you're probably wondering why there haven't been any posts while the market's done quite a wild ride. Well, i haven't been off spending the profits from selling at the peak (wish i did) nor have i been wallowing in losses of the past two months (of which there hasn't been any). And no, i haven't been on a vacation, though i've taken a vacation from keeping an eagle eye on the market.

Bad timing you say? Maybe, but then again maybe not. I guess the question i pose to you (and myself): Am i in the long or short term game? Yes, there was an amazing opportunity to cut huge a profit on strategic trades, especially in silver which is still 35% off it's peak. Gold though, is still relatively stable dropping no more than 15% off it's peak. That's still a 100% gain on both metals over the past three years!

Yes, i know there are those of you who bought silver at $45 and gold at $1900, and to be honest it will be a while before you see those numbers again. But it may not be that long. Underlying monitary fundimentals have been violently shaken, and are still eroding at alarming rates. Look at the Euro which doesn't have a solid leg to stand on (well, maybe a couple of solid legs with the strength of a toothpick). The dollar rallied as investered were spooked by falling commodity prices, product of a unsustainable rally. And that's all it was,.. a rally. The dollar's bound to fall again with it's unsustainable debt load.

So, what's next? Probably a more cautious rise to August price levels, perhaps as early as year end. Sure, there will be resistance in breaking that $1900 level, but what i'll be in doing is buying at today's low level and holding my positions. I figure the short term pain is worth the long term gain.