Silver as a bubble

penny4yourthoughts

If you look at the academic chart of a bubble market...then compare it to the silver year chart...it matches up quite nicely. I was this close to trading my $2600 or so of silver for gold at CSNA...but..I like the history side of the 90% so I kept it. That obviously was a bit of a hit of profit, but the bubble chart also says that there will be a bounce up before a huge fall. I'm hoping to sell in the 44/45 range and convert to gold.

291fifth

Don't get greedy.

There is still a very big downside risk.

johnny9434

<< <i>Don't get greedy.

There is still a very big downside risk. >>



no kidding, which might be now. we shall see

roadrunner

Silver may have been in a temporary bubble. But the fact that all the other PM's were not will keep silver from going off the deep end.
The supply fundamentals on the Comex and LBMA that got it to $49 in the first place are still there.

roadrunner

golfer72

If you think Silver is in a bubble you are nuts! Bubbles are tech stocks in 1999, real estate a few years ago. This is not even close. Turn off CNBC !

jmski52

If you don't own enough silver, it is in a bubble. If you do own enough silver, it's not in a bubble.

I think that the price of silver is going to be significantly higher, and I also think that the current volatility is being misinterpreted as a bubble.

If you've ever had money in silver, you know that it can sit for years and do nothing. By the same token, when it moves - everybody wants to jump in, and in a market with such a small capitalization, when everybody wants to jump in and out, it gets a bit wild.

You really do need some kind of plan. My current plan has been working since 1998. I see no change in the reasons that I bought back into silver in the first place.