Empire of Dunces

Neoreaction

Portfolio Update

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The markets are moving exactly as we have been predicting for quite a while now. And the development of our portfolios reflect that. Our recently established high-risk portfolio alone, has since the beginning of trading on October 4, increased in value by over 40%. Congratulations to all who participated. Since I have been asked about that – this particular portfolio will be re-open to additional inflows shortly.

In response to those who let themselves be panicked by the supposed experts on CNBC and the various other MSM organs – this is not the high of the market for either gold, silver or oil. I understand that there is always a temptation to take profits. And you are all free to do so at your own discretion. But within the funds under my management, that will not happen, because this particular bull still has a long way to go. Yes, there will be continued trading, and there will be ups and downs. Such is the nature of the market. Today alone, the market has once again first exploded upwards and then crashed downwards in silver. This is merely to shake out the weak hands. There is also a sense of panic at the long-term manipulators at JPM and HSBC, who have grown accustomed to letting the price of silver dance according to their tune. But those days are over. Not even the interference of the central banks is going to change that. But they will continue to try.

Trust me, and continue to follow our long-term advice. This is merely the beginning…

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Written by gloege

December 7, 2010 at 19:45

Posted in Uncategorized

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