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Jim Rogers on CNBC May 5, 2011 - Time to Exit Gold and Silver

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May 05, 2011 – Comments (9) | RELATED TICKERS: SLV , SIL , SLW

9 Comments – Post Your Own

#1) On May 05, 2011 at 6:51 PM, kdakota630 (29.90) wrote:

A little out of order, but part 2 (above) was the interesting part for me.  Here's the rest:

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#2) On May 05, 2011 at 7:23 PM, silverminer (31.61) wrote:

kdak,

+1 for posting Jim Rogers, whose perspective never fails to contain nuggets of actionable wisdom.

BUT ...

-5 recs for what I consider a hugely disappointing choice of headings for this blog post. It struck me as incredibly unlikely when I saw the headline that he would have said such a thing.And indeed, he did not either state nor imply such a thing. What possessed you to choose that heading? Some people are panicking unnecessarily about pms right now

What he DID say is that he welcomes the silver correction as a necessary cleansing to maintain the longer-term orderly advance. He also said that good traders will buy back the positions they sell at lower prices, and said if silver were to go to 38, 3.5, or 33, that would be "fine". He welcomes this correction, as do I. 

Very, very disappointing headline. 

 

Your heading forced me to watch all three parts justr

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#3) On May 05, 2011 at 7:32 PM, kdakota630 (29.90) wrote:

silverminer

I just copied and pasted the heading that JimRogersChannel used on the YouTube channel I subscribe to.

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#4) On May 05, 2011 at 7:58 PM, silverminer (31.61) wrote:

kdakota630

Understood. :)  In that case, I wish I had time to rip whomever posted the headline there a new one. :P

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#5) On May 05, 2011 at 8:03 PM, buffalonate (96.10) wrote:

The time to exit gold and silver would have been when they were talking about record highs.  That is an obvious exit point.  I love how these analysts see something crash and then say maybe you should think about getting out of it. 

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#6) On May 05, 2011 at 8:10 PM, kdakota630 (29.90) wrote:

silverminer

To be perfectly honest, I didn't think twice about the heading when I copied and pasted it.  Since I'd seen another video from Jim Rogers roughly a week ago saying that gold and especially silver needed to correct, I made the connection as to what the heading actually meant, not realizing that others might take it too literally.  At least once the video is watched they'll see what he means.

Also, I think you're the first person to give me "-5 recs" for a blog.  LOL!

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#7) On May 06, 2011 at 12:52 AM, simpletalker (< 20) wrote:

I got out of the market last friday, and i'm looking for a flash sale, yes this time last year, do events happen agin, maybe.

 OK yes silver and gold will go down did you think it would not look at the history of the prices, gold may post higher in the comming months.

 Anyway now is the time to seek flash sale equites pick any stock you like drop it by 20% and buy in. What do you have to loose..

we have the enemployment report due out on Friday, yeah it will be bad, 1.7 GDP yeah that sucks, oil at 100, and food prices going higher.

 Get in on SIRI when it goes to 1.90 maybe, not a bad price FYI.

I like AMRC, F, GM(even though they suck), NXPI and RES.

 good luck

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#8) On May 06, 2011 at 8:19 AM, MoneyWorksforMe (< 20) wrote:

kdakota630,

I thought you might find this interesting:

 

http://www.grandich.com/2011/05/time-to-go-back-in-gold-1481-silver-35-75/

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#9) On May 06, 2011 at 10:06 AM, kdakota630 (29.90) wrote:

MoneyWorksforMe

LOL!  Thanks.  I was actually wondering myself almost exactly what his sentiments were.

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