Monday, December 19, 2011

Silver Collapse

What an ugly chart the silver collapse has made since April. And yet, the silver bulls have been fighting it every step of the way, even though silver is fundamentally overvalued and the technical picture is really ugly.

I'll probably start feeling excited at $10-$15, and I might load the boat if it ever gets back to $5.

1 comment:

eahilf said...

fundamentally overvalued

So what is the 'fundamental value' of Ag?

I might load the boat if it ever gets back to $5.

Presumably you think it's over $5 then. Else you'd be betting on another bubble...?