VANCOUVER ( Bullion Bulls Canada ) -- For obvious reasons, there is no metaphor more applicable to investing in the precious metals sector than riding a bull. With gold and silver prices having risen relentlessly for a decade, the stature and stamina of this "bull" are beyond question. Equally, remaining atop this "bull" has been an activity to challenge the perseverance and staying power of the most dedicated rider.
Helping us to improve our prowess as bull-riders have been two groups of "trainers." However, to state that these two groups have opposite intentions is clearly an understatement. On the one side are long-established websites like Jim Sinclair's site , GATA , and LeMetropole Café. These fine sites have performed several valuable functions. They provided novice bull-riders with guidance on the precious metals sector. Of equal importance, they have continuously shone a spotlight on the manipulative activities of the bullion-banks. In other words, they have taught us about the tactics and motives of the "bull" we have sought to ride. Lastly, they have supported those whose "grip" was weakening to help them stay atop the bull, while encouraging those who have been "thrown" to get back on the beast. The value of this last service cannot be overstated. My own "moment of weakness" occurred in the summer of 2007, after a very long stretch of sideways trading in the sector. From an intellectual standpoint, I never lost my conviction about where gold and silver must be headed over the longer-term. The "arithmetic" of the fiat money-printing of the bankers leads to only one possible outcome. However, emotionally I had begun to question whether the bankers could still exert such control over this market that the "long term" would be a test of endurance which would exhaust the patience of most investors. It was the unwavering conviction of the principals of these sites who helped me conquer those doubts. A major "break-out" took place in the fall of 2007, and my own doubts have never returned. In subsequently founding Bullion Bulls Canada, we have endeavored to follow in the fine tradition established by these sites: keeping those already in the sector well-informed, educating those new to the sector, and reassuring both "veteran" and "novice" alike -- when the inevitable banker-generated "volatility" tests their faith.