no one knows where it is,or how much,they never found twin towers gold...bad sheriffs outnumber the good deputies by a wide ratio
Silver = a bunch of kids who missed the gold trade HOPING silver follows silver will not make new highs, sorry
I see no reason to believe that silver is a better tracker of debasement fear than gold. Why should it be?
There is a noted negative correlation between silver and the american dollar of seventy percent. In the trading books I have seen it is a secondary position to take against a currency debasement after a currency hedge.
That's a pretty nice little tidbit of information. I don't know anything about forex, but it seems like every exporting country in the world is in a race for the bottom. If I was trying to hedge (and aren't we all) I would go by the book and just buy silver. Didn't Warren Buffet do that several years ago? I think he even flew on his private jet to London just so he could see the big vault it was going to be stored in. I'm kind of in the "energy is the currency of the future" crowd. But I did not know that about silver. Thanks for the info.
Did you see silver? Went up to mania level this April, then pop! The bubble bursted. Silver can go up sharply from here, or down sharply as well... Time will tell whether the recent rise is a tulip-bubble type short-squeeze pull-back, or if it is indeed the beginning of another upleg... Smart money will wait until a pullback to 42.00 to confirm the uptrend...
It never ceases to amaze the people who insist on fighting these metals. Once gold cleared 1,000, there was no looking back. Ben the counterfeiter doesn't even know what hit him. And neither do some of these clowns, looking for the short of the ages.