I've been following crowd sentiment on precious metals and it looks like the sentiment of silver is going through a revolution
stage one - they ridicule you:
a few years ago the crowd thought people who bought precious metals wanted to do so because it came with a tin foil hat
stage two - they laugh at you:
now sentiment seems to be you've had your fun, but those that are still holding onto/buying silver are in for a surprise when the price of silver comes crashing down on your believes
stage three - can't remember what stage three is
stage four - they were the first ones behind the idea:
if it gets this far and the u.s. dollar doesn't collapse then once the crowd is bullish of silver, it tanks.
the u.s. dollar does collapse, the price of silver skyrockets
the u.s. dollar remains the same, everyone forgets about silver
stage one - they ridicule you:
a few years ago the crowd thought people who bought precious metals wanted to do so because it came with a tin foil hat
stage two - they laugh at you:
now sentiment seems to be you've had your fun, but those that are still holding onto/buying silver are in for a surprise when the price of silver comes crashing down on your believes
stage three - can't remember what stage three is
stage four - they were the first ones behind the idea:
if it gets this far and the u.s. dollar doesn't collapse then once the crowd is bullish of silver, it tanks.
the u.s. dollar does collapse, the price of silver skyrockets
the u.s. dollar remains the same, everyone forgets about silver
