This video aggravates me a bit, this guy says we are chasing a bubble and that new buys should bail at $35 (which is only a %20 pull back). I guess he is too chicken to ride the roller coaster if he can't handle a %20 pull back. http://finance.yahoo.com/blogs/brea...n-ride-silver-bubble-20110418-072437-794.html
Silver means very little to this guy ,its just another way to make a fast buck to this guy and then onto the next whatever.
I like that he gives a lesson on being rational about investing in a surging commodity, but he doesn't address the reasons for the "bubble" (if it is that), and without analysis of the reason for silver's rise, his report lacks substance.
Ill be different then, i quite understand the guy, but BUT throwing out fundamentals and JP Morgan out of equation is not very bright. Throwing out printing press is just ludicrous.
The sad thing is, if a deflation scenario hits and it does go to $35. They will say, I told you so. But in reality, without any external major shocks to the silver market. Its going to be hard for it to drop 20%. There has to be some major news or something else, other then just profit taking to shake it down 20%. Slam
Gentlemen, You are each victims of disorganized thinking! By "BAIL", Nub Cannon does not mean Bail Out - as in give up or quit! I'm quite sure he means B.A.I.L. - which stands for "Buy An Incredible Load" Surely, that would make more sense!
Can someone explain to me what "in a bubble" or "on the bubble" means as it pertains to silver? Info appreciated ....thanks..Dee
Means the price is way overrated and the current spot price is propped up purely by speculation and not for any other reason. And then when people start to realize and panic sell the price will go downnnnnnnnnnnnnnnnnn = bubble burst.