http://www.biiwii.com
Most silver stocks, along with the SIL etf continue to under perform the metal. An exception being NFTRH core member, Fortuna Silver, which has at least broken to new highs.
I would like to think this is a picture of cream rising to the top. Silver, toward which I am rightly known as a non cheerleader (Basher? I think not. Why bash something you own and own for a reason?). Anyway, if the likes of SLW, SSRI, PAAS, AG, etc. get to new highs, this will be real interesting. For now, one classy little silver and base metals guy has already gotten there.
Filed under 'He never but never learns': I want to short silver again in the worst way. Then I remind myself that I am a bottom feeder simpleton, unschooled in the ways of managing unbridled momentum. So I think about it long and hard first. :-(
Edit (12:17) Guys (emailers), I happen to get goofy on the blog as I see fit. It's free and I am under no pressure to be the buttoned down newsletter writer here. I am liable to say anything for any reason. Don't take it all so seriously. I have screwed up silver hedging more often than not, but I never get anything out of proportion. I can take care of myself. FWIW, the newsletter consistently recommends profit taking and/or cash management as a way to ameliorate any anxiety about any risks that may be building.
