Gold trending down fast! Silver on it's way up up & awaaaay!
Gold is sliding – after having popped – and touching $1800 on an intraday basis. As it’s backing up, Silver appears to be holding pretty strong. Was the whole recent episode of Gold outperforming Silver just a mirage as it appears now that perhaps Silver was just taking a break to catch its breath before rocketing higher and leaving Gold in the dust. Traders who traded out Silver and into Gold may be reversing that trade; essentially going nowhere fast – but eating up a lot of cash in commissions.
“If Silver skyrockets from here, leaving Gold
behind, I’m going to laugh my furry
little ass off.”
http://maxkeiser.com/2011/08/12/did-the-momentum-traders-who-sold-silver-and-bought-gold-buy-themselves-a-bag-of-worms/
Gold is sliding – after having popped – and touching $1800 on an intraday basis. As it’s backing up, Silver appears to be holding pretty strong. Was the whole recent episode of Gold outperforming Silver just a mirage as it appears now that perhaps Silver was just taking a break to catch its breath before rocketing higher and leaving Gold in the dust. Traders who traded out Silver and into Gold may be reversing that trade; essentially going nowhere fast – but eating up a lot of cash in commissions.
“If Silver skyrockets from here, leaving Gold
behind, I’m going to laugh my furry
little ass off.”
http://maxkeiser.com/2011/08/12/did-the-momentum-traders-who-sold-silver-and-bought-gold-buy-themselves-a-bag-of-worms/