What is with $1 day up for AG on the LME?

By Barry Murray

Hey you silk stocking, computer ‘expert,’ day-trading twinkes. If you are interested in making a, “ton of money” by investing in the mining industry this week, as the numbers are up, forget Wall Street. They are so, out of date. So, ‘Main Street Politically Incorrect.’

If however, you are for real, wear wool socks, and stumbled across this ‘reality’ site, published in Alaska, and actually have some real money left in your jeans pockets to invest, my advice at the moment is to, “Buy into the development of solving America’s growing physical need for silver, instead of Barclay British Banks paper ETF silver certificates that can be leveraged for pennies down on the dollar.” A disaster waiting to happen.

Unfortunately, for those unaccustomed to doing your own due diligence (thanks to those nice young men at Merrill Lynch) to listening to boiler room salesmen as to why corporations hemorrhaging money, are still a good buy, well —my small-business American Mining bottom-up Industry experience is that not everything showing on the surface will lead to a successful mining venture. You actually need to dig a little bit with your own a shovel for hidden information. Or read something other than the predigested bull market spin doctoring of multinational corporations.

If you have not yet learned to speak a foreign language, with words as the French “arbitrage,” —from my online dictionary definition of the, “simultaneous buying and selling of securities, currency, or commodities in different markets, or in derivative forms in order to take advantage of differing prices for the same asset.” As a simple gold and silver miner I do not understand exactly how multinational financial terrorists from non-mining countries can send the precious metals markets into unjustified spot metal highs and lows.

If my voice from the wilderness recommends going against what your stockbroker’s fountain of wisdom, then ask for a verifiable list of his winners (other than getting out of Ponzi hedge funds before they collapsed) over the past 10-years since the DOW first passed 10,000. Most likely his bottom line would have been, $0.00.

Then do your own old-fashioned math and realize that buying instead, in 1999, $10,000, in weighty lead, or zinc, or copper, or gold, or silver ingots, hidden in a corner of your basement in a “401K strong room portfolio” would have returned you $40,000.00.

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