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Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Jun 14, 2013 3:00 PM Flag

    Initiated position on SLV

    today at 21.29, really wanted to get some two days ago but hesitated. It reached its 12-mo low of 20.76 on 6/11/13 and it appears that it may be on an upward trend, at least in short term. Of course, with precious metal, it can be quite risky because experts already predicted GOLD going to tank to $1000. I just feel silver is very undervalued right now, of course my timing is always a bit early. I did not want to buy SLW because it had not reached it 12-mo low yet. With everything happening around the world, turmoil in middle east and Central Banks kept printing paper currencies, our government kept telling us there is no inflation, but beef and other grocery price started falling off the roof. I need some SLV. I also increased my holding on GGN and already placed a large limited buy order if it drops. Investors are down on both OIL and precious metals right now and it will be the greatest time start buying.

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    • When I said beef price falling off the roof, I actually meant exactly the opposite, price of beef had risen so sharply lately, McDonald had decided to stop offering their Angus beef hamburgers because they could not make any money on it. There is a Burger Index using the price of a burger (Big Mac?) to measure inflation, it had now reached very high number. In short, I do not care what the government said that we had no inflation because I know everything in ALDI now cost more (except their eggs). Give it five to ten years, inflation will be BAD.

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