It always amazes me when i hear the gold bug types predicting gold and silver will do this and that, correct here and then go to this and that level. That's ridiculous noone can predict a matrket with such accuracy, frankly the promoters of all sorts in^the PM markets have no credibility. It's a bubble and a big one especially in Silver. I was amazed when I read silver supply is 55 % taken up by the ETF. I think it's outrageous, silver is actually an industrial metal, and this bubble is raising prices for the industry.
It's obvious these ETF's should have not been approved, they were an invention of the World Gold Council , it's all a scheme to make money for the mining industry one of the most disgusting industry in the world, exploiting the poors and destroying the environment. But anyway silver is in a climactic run , I think it has some room to the upside but who cares, at those levels anything can happen. Shorting is the safer bet here. The fact that silver 's supply constraints only come from investment demand is telling you that this is a bubble. IMO margin should be raised, and postion limits should be set for those funds, with an orderly shutdown of all of them sometime down the road.
It's obvious these ETF's should have not been approved, they were an invention of the World Gold Council , it's all a scheme to make money for the mining industry one of the most disgusting industry in the world, exploiting the poors and destroying the environment. But anyway silver is in a climactic run , I think it has some room to the upside but who cares, at those levels anything can happen. Shorting is the safer bet here. The fact that silver 's supply constraints only come from investment demand is telling you that this is a bubble. IMO margin should be raised, and postion limits should be set for those funds, with an orderly shutdown of all of them sometime down the road.
