Another way to look at it is that one of our indicators to speculation and liquidity, the SGR has gotten very peppy very quickly. In other words, it's over bought. Something just seems a little fishy with the big brain preparing to speak from J-Hole on Friday.
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http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
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Or maybe people want to buy silver.
ReplyDeleteI'm only sayin'
Poor mans gold has much more industrial use than gold. On top of that it has allways been considered as money. Fiat paper ends up as toilet paper sooner or later!
ReplyDeleteThat industrial use is what makes Ag a cross dresser between precious (monetary) and industrial metal, which in turn makes it more susceptible to swings with the global economy... which in turn makes its ratio to gold an important market indicator.
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