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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Cheapest precious metal and miners in your lifetime?

Posted on 09 August 2013

During silver (SLV) and gold’s (GLD) terrific move in 2011, very few analysts warned that a correction could come to shakeout all the Johnny come lately’s (momentum traders) who were pushing gold and silver to nosebleed levels. I got nervous as hell back in 2011, when the day traders and mass media started picking up the precious metals story and I warned of a correction.
In April of 2011 I was interviewed by CBS Marketwatch and was quoted saying, “I am very concerned that silver may be overheating as the herd tries to force their way into this trade.” This drastic move higher was to me a warning sign that we may see a significant shakeout………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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