Wow, the parabolic move in silver continues. A double off the base takes silver to $26/$28. That would be where I would look to take trading profits, if I had a bunch of it. I don't have bunches and bunches, but do have a decent amount for the long term.
Still some skepticism on this move as a lot of silver coins are going for less than spot. When retail demand is high, the newbies will pay over spot because they want to get it. It probably is no more than an anecdotal indicator, but it is easy enough to watch.
Stock market recovers off its lows. Some of the buying might be beginning of the month inflows. I am not convinced that the bottom is in.
Trading positions: none
No comments:
Post a Comment