Interesting editorial on silver and gold.

Mesquite

I'm liking what he has to say.

Text

Overdate

<< <i>I'm liking what he has to say.

Text >>


I'm not. Silver was due for a correction, but the manner and speed with which it was taken down was anything but market-driven. Moreover, the article claims that "investor sentiment towards the white metal has changed dramatically and euphoria has been wrung out of the market," while in reality coin and bullion dealers have reported surging sales of silver to the general public during the past few weeks.

I agree that silver is a good buy now, but for fundamental reasons rather than technical ones.

edmundfitzgerald

A lot of money left the commodities markets the past two weeks. When it returns is anyone's guess.

Hedge funds dump long positions (So they say)

jmski52

The Hedge Funds will come and go, and I do agree with the analysis - that silver won't lead the next leg up. On top of that, I still think that we are moving towards a cash market in silver, which means that the crimex will keep raising the margin requirements every time their No.1 customer base gets into trouble, or whenever volatility increases - whichever comes first.

But if silver doesn't lead the next leg, it only means that it will be a stronger move, on the tail of a move in gold that is motivated by more of the same problems we've been seeing almost weekly now - debt insolvency, European monetary crisis, unfunded liabilities and more babyboom retirees, increasing derivatives volatility, refinancing problems in both commercial & mortgage RE markets, failed state budgets & battles over cutbacks, proposed clawbacks on retirement pension benefits and/or mandatory funding of Treasuries with retirement funds and - you guessed it - more bailouts of pension funds for underfunded teachers & union groups and lots of shell games with finance in both government and Wall Street. There is no law, unless you are a taxable individual.

KUCH

I am in basic agreement with the article. I'm still looking for a June 13/14, +/-7 days for a LOW to stack.

OPA

<< <i>A lot of money left the commodities markets the past two weeks. When it returns is anyone's guess.

Hedge funds dump long positions (So they say) >>



Actually the "big boys" left in late Feb & March. In doing so, they missed out on the last silver upward surge. Only goes to proof, even they don't always get it right.