Silver Bullet

Is silver over bought?  Oh yeh.  Can it get more over bought?  Oh yeh.  The technical signal that risk is high for silver bulls AND silver bears is the MACD.  While lofty and over bought, it has consolidated and is just now triggering back up.

I have major support for silver so much lower it would make come-lately bulls puke.  But I would not even think of standing in the way of this right now except strictly as insurance against greater PM positions.  And even then, I'd think more than twice about it.

Meanwhile, congratulations to those crazy true believer silver bulls.  :-)

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