Time to Go Back In Gold

Posted by Peter Grandich - Grandich.com

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May 5, 2011 at 11:33 AM EST – Gold $1,481 Silver $35.75.

After literally getting out within minutes of the top in silver and gold and then watching a decline I anticipated could take weeks or months happen in a matter of days, I believe it’s time to go back in and buy back those positions.

I may be 10% too early but we have plenty of room given what we sidestepped.

So I’m now back in fully in gold and silver

I will do an update on Grandich Clients by Monday’s opening. In the meantime, I’m putting a very significant amount of cash back into the junior and mining sector. I purchased 200k shares of ADV yesterday and today, have  bids in for FCO, MIN, SQI and NDM and am looking at many others. Not a time to chase but to start picking spots.

It’s fast moving and I’m trying my best to keep you fully informed of my thoughts… I even gave up a round of golf this afternoon! – Peter Grandich Grandich.com