By Turd Ferguson | Tuesday, August 5, 2014 at 11:36 am
As mentioned yesterday, I took advantage of today's dip below $20 in silver and once again added to my stack. Though there may be a bit more weakness to come, this week is certainly progressing just as we thought it might.
By Dr Jerome | Tuesday, August 5, 2014 at 11:09 am
The rhetorical vision of the precious metals markets in 2010-2011 brought a distant dream near to us with arguments for silver strength coming from various directions, including a couple of cartoon bears. As Max Kaiser jumped in and repeated “Crash JPM” with a chorus of other hawkers chanting “silver to the moon,” and “parabolic,” we watched the price rise to nearly 50 before illegal actions put a cap on the rally and dashed our visions of future wealth as AG might have shot up into multiple hundreds per ounce.
If this small, relatively insignificant NATO-member and formerly staunch Keynesian lackey can indeed change, and brave the perilous waters of taking on the Fin_Mil_Industrial_Gov complex, there may yet be hope for the rest of Europe, for the rest of the world. I have no idea whether this truly a real ‘exit’ from the current world order. But my lineage and upbringing dictate that I continue to believe in the indomitability of the human spirit. Light will eventually prevail, and victories that seem pyrrhic may topple symbols and thus ideologies.
DISCLAIMER: The charts and analysis provided here are not recommended for trading purposes. Trade at your own risk. The Turd provides knowledge not direction. Turd holds no liability for your trades and decisions but he's happy to take credit when credit is due, particularly through the "donate" button. Read more...