I Just Received A Short Term Sell Signal From My COT Guru !!!
Therefore, my skepticism about a Silver (SLV) breakout to the upside and inflation will probably prove correct. If Silver breaks out to the down side, we may still see an opportunity to accumulate Silver at bargain basement prices. It may also mean that we may be getting close (most likely a few months) to the next deflationary down leg. The main event still to come before then next Deflation Tsunami will be the end of the stock market rally which still has legs (in spite of a near term pullback or consolidation).
Stay tuned
PS: Yes I love Silver and believe at some point in the next 10 Years it will sell at least 10 times its current price. BUT I still haven’t accumulated all I want. Therefore, I love to see Silver GO DOWN IN PRICE !
Worst case scenario for Silver is that it doesn’t bottom out till 2012. To me that just means 2 more years to buy it at great prices.