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By Great Depression 2 (Reporter)
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Silver Is In A Bubble

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Send this to all of your contacts as quickly as possible and make sure they sell their physical silver. We need to bring this monster down fast. A good investor never likes to see their investment vehicle run away from them and I’m no different. My advice is sell and sell fast. Sell at least enough that I can get back into the trade.

Let me try to convince you. In 1980 Paul Volker stepped in to an economy that had runaway stagflation and developing inflation with many people predicting that the end was inevitable. Back in those days we had a manufacturing base in this country and still exported and enormous ammount of manufactured goods. We had strong employment and Volker stepped in and started raising interest rates. At first the rates had NO effect and the price changes in goods continued at an alarming rate. Within a few months rates had climbed to almost 20%. Could you imagine in this economy if Bernanke increased rates to 2%. You would probably have a complete collapse….but just humor me and listen to my plea. If Ben steps up to the plate and defends the dollar with an interest rate hike and withdrawal of QE on Wednesday I believe that the stock market will be able to advance on its own…..at least for a couple of milliseconds. Without POMO you can expect the market to continue it inexorable upward climb to glory. After all the economy is on a strong road to recovery. We’ve been told that over and over now for two years. Just like we were told in 07 and 08 there was no crisis.

Don’t believe me……here is another “silver expert” trotted out to extoll the silver bubble… http://www.zerohedge.com/article/physical-silver-investors-are-being-hoodwinked-futures-market

The “threat” of these precious metals to the Central Banks is obvious. Fiat depends upon confidence that it will represent some value in the future. It is becoming very obvious to hundreds of millions of investors around the world that there is a desperate problem within the debt structure of many developed countries as they lose fiscal control of their governments and economies. Monetization is throwing gasoline on the fires of fearful investors and sovereign counterparties. Butressing fortunes with gold and silver is not rocket science in such an environment.

As these issues continue to spiral out of control you can expect some inventive (and not so inventive) measures to be taken to preserve the market system. I love to trade the market but the clock is ticking on our past-time. You know the drill. GL

Read more at Great Depression 2



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