From The Desk of Peter Grandich

The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio!
May 23, 2012 07:20 AM


While I feel like doing this today (and based on some emails I’m likely to get a good push), losing over half of ones wealth on paper has no fast and viable solution.

I could put up numerous charts, discuss in detail all the fundamentals and try to comprehend what has taken place. Unfortunately, in this environment it appears fundamentals don’t matter and I’m personally not prepared to sell into a black hole. It may feel like it’s the end of the world for metals and mining but I’m gambling/speculating it isn’t.

I do remind everyone what I have said for years and has been on the front page of the blog.




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