« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Closed my SLV positions. getting too spooky. em

By: Decomposed in ROUND | Recommend this post (0)
Mon, 02 May 11 5:51 PM | 66 view(s)
Boardmark this board | De's Test Board
Msg. 32779 of 45510
(This msg. is a reply to 32727 by atomicbob)

Jump:
Jump to board:
Jump to msg. #

The chart below reveals a crash in the Global X Silver Mining ETF (SIL) relative to silver bullion. Silver mining stocks, as represented by SIL, have lost about one-third of their value relative to silver bullion since early December of last year.

This chart shows that speculation over the past 6 months has been almost exclusively focused on silver bullion, and that silver mining equities were generally expensive relative to silver bullion late last year. It may also reflect some rational skepticism on the part of equity traders/investors about the sustainability of silver's rapid price increase. If so, and if silver performs the way equity investors apparently think it will, the competence of silver bullion investors who fail to exit at this time is painted in a dim light. Silver is now badly overpriced, and the chart shows that equity investors saw the situation for what it was many months ago, even as bullion investors continued bidding up silver's price. 

Uploaded Image




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




» You can also:
- - - - -
The above is a reply to the following message:
Re: Closed my SLV positions. getting too spooky. em
By: atomicbob
in ROUND
Fri, 29 Apr 11 6:58 PM
Msg. 32727 of 45510

Bought JUN 13 ZSL calls.

Not tons....


« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next