Tuesday, October 2, 2012

The Precious Metals Excitement Is Back

Silver pessimism over the summer showed investors were selling everything they get their hands on. I was doing everything I could week after week to describe the buying the opportunity taking place in the market.

As prices have moved up 30% over a short period of time the optimism has come surging back into the market. The following shows the performance of silver relative to all assets around the world over the last quarter. Click for larger image:


Bloomberg and other mainstream networks, who forgot silver existed back at $27, are now trumpeting the horn that we are once again on our way back to $50. This is the time to hold current positions and wait for the next bout of extreme pessimism.

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