It’s official! Silver is now a CNBC Bubble!
In the span of about a month, CNBC went from near complete denial of silver, to “bullish” debate, to BUBBLE.
Apr 222011
The Coming Gold Tsunami — We’re moving nearer and nearer to the edge of the hurricane. I can feel it in my bones. Every newspaper now carries an ad for gold.
Is there a gold bubble? Are you kidding me? Here’s an ad that somebody paid for suggesting that people should turn in their gold (!!) for Federal Reserve Notes. They’re not telling you to buy gold during one of the greatest bull markets in history — hardly, they’re asking you to throw parties in which the object is to get ignorant people to SELL their gold.
via My Blog
Apr 212011
YouTube’s GuildF40 highlights the case why silver is NOT in a bubble.
My Comment on the $25 Silver News!
I don’t think we will see much of a serious retracement until it has gone to the moon as some people like to quote. The current gains achieving over 140% are very light in my opinion and I am not saying this because I am a silver bug. I am only a temp silver bug because I am a math bug more than anything. At some point I will be very bearish on silver, but that time is not now. The price of silver on a mathematical level tells me this might be one of the greatest investments in the history of the world and thus it’s been my choice for top investment. You can say I have grown to love it over the years.
Many people see this gain over the last nine months to be up way too much and by using the math strategies I like it seems we are only getting close to being up way too much as the $48.36 level which the long term fibonacci has confirmed a breakout test on two different occasions seems extremely likely to occur this spring or early summer.
Silver by far and away is the furthest away from its respective moving average, nearly 18% on average for several silver-based ETFs
preciousmetalsnews: Silver’s Price Action Nearly Parabolic, but Is a Bubble Really Forming?.
Silver no where near a bubble.