Wednesday, April 20, 2011
For bubble enthusiasts, I offer this chart of silver in today's dollars. Chartists would note that silver is going hyperbolic, and that's quite something since the y-axis is also logarithmic. Caveat emptor big-time. As with gold, speculators may make a quick 70% or so as prices soar to prior highs in real terms (bear in mind however that those previous highs for silver were quite artificial, since the Hunt brothers had managed to briefly corner the market), but the reversal that could follow in its wake promises to be breath-taking. This is heady stuff and only for the most steeled of professionals.
Posted by Scott Grannis at 9:46 AM