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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Jim Cook
February 29, 2008
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WHAT WE CAN’T SAY

We have to be careful about what we say when it comes to people’s money. For example, we can’t say silver is going to $100. We could quote somebody who said that. Or we could say silver is going to $100 an ounce, but, on the other hand, it could also go down by half. So, we don’t bother to say any of that. We can’t guarantee price gains or make assurance that there is no risk. We can’t give you any assurances, and we can’t predict the future. However, I can tell you what I think.

I think that the huge short position in silver makes it certain that, over the long term, silver will go up. Silver is probably riskless for long-term holders of physical silver and price gains are inevitable. I think the concentrated short position insures that you can’t lose and that you must inevitably make dramatic gains. Once you understand the dynamics of the huge concentrated short position, you may see one of the greatest financial opportunities of your lifetime. What is sold short must eventually be bought back. I think silver is almost a sure thing, and you may never get a chance to profit like this again. Silver is as good as it gets. That’s what I think. Time could prove me wrong, but I don’t think so.