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We had a little irrational exuberance this A.M on the PM's and now we're correcting a tad. I doubt that we've seen the high - not quite frenzied enough. Right now silver is the poor man's gold but when the bubble bursts it will return to being the rich man's copper. IMO

Oops! I mean I just sold ZSL, not silver per se.

I just did. Can't believe I made a profit after being down a ton an hour ago. It's a bubble but it's too early to take the BIG plunge.

The market is known knowns, known unknowns, unknown unknowns.. and of these the known knowns are most suspect. Trading is gambling, pure and simple - very similar to poker or betting the horses. Just do your DD and go for slightly more wins than losses.

Yes, there's truth in what you say. We're still a way from the cab driver checking his Ag spot while driving but barring the complete demise of the US$ silver will eventually be once again primarily just another commodity and will be priced according to supply.

Exactly. That's the logic of every bubble. We'll know the bubble is about to burst when everybody "knows" it's going up another 1000% or for that matter when everybody KNOWS it's going up another 10%.

There's no shortage of silver. This is a speculative mania. Silver started this run at $4. It's up almost 1000%. It's just the uptrend of the day and has little in the way of fundamentals to justify these prices.

Some GOOF in Russia says something and it's reported that RUSSIA is saying it. Typical journalistic manipulation.

Gold is tanking because it's a liquid asset and a lot of Japanese are selling anything they have to cover their stock losses. Japanese selling triggers stop loss cascades in all asset classes including Gold. At first the selling is primarily Japanese; then it becomes global.

Nikkei off 1350. Japanese selling everything to cover their losses. Japs will pound every market.

What we're seeing here is a revolution. It's a general uprising of the common people against a network of oppressive regimes. It's equivalent to the democratic revolution in Europe or the Communist revolution in Russia and China. It could have tumultuous effects on the global economy for years...

Absolutely. Transport costs rise = price inflation + reduced activity = stagflation = reduction in living standards.

At least they were 'natural' -living in accordance with natural logic. Supply and demand is also natural; the limited supply of gold vs the unbounded supply of paper money makes gold the natural currency, paper money merely a hypothetical. ..or words to that effect.

Long after the fantasy of civilization has passed the barbarians will still be around, trading in gold.

Ivan posts longer timeframes thereby making the curve steeper (more 'parabolic'). This move from 1000 to 1430 began with a breakout from a truly massive H&S. A correction to 1220 or so would'nt indicate a trend reversal.

That gold chart definitely looks toppy, especially with RSI contradicting the price moves. Silver's not so obvious but it's overdue for a serious correction and will follow gold down. I voted for up but don't think US gov't wants it as high as .88 unless a lot of foreign investment money...

Huge SLV, ZSL volume change probably signals a top in silver.

Why is his slpelnig casue for cocnern? Can you udnrestnad tihs setcnene even tohugh it caonitns seoiusrly cnoufesd argranenemts of letrets?

Media people describe her as "the woman who was fired for being too sexy". How do they know that? Maybe she's not very good at her job. Maybe the only reason she was hired was for her looks. She doesn't sound very educated; she says "They axed me not to wear tight suits..". "Enough is enough"...

Personably, I'm all for mining the Mason-Dixon line too. Don't need no tax-thieving Goldman Sachs lovin bastards down these parts.