31.01.2012 - Silver: Epic reversal
On January 11th, we expected the US dollar to top as sentiment was uber-bullish, which would lead to a nice rally for gold, silver, and (mining) stocks. That day, the USD index closed at 81.35, silver at $29.89, and gold at $1,641. Today, the USD stands at 78.90, Silver at $33.89 and Gold at $1,733.50, so we got what we expected. On January 9th, we posted the following chart, which compares the current silver “bubble” to the Nasdaq bubble a decade ago:..............................................Full Article: Source
Print