• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 5 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 8 minutes Gazprom fails to exempt Nord Stream-2 from EU market rules
  • 12 mins Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 48 mins The World is Facing a Solar Panel Waste Problem
  • 9 hours Rational analysis of CV19 from Harvard Medical School
  • 9 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 4 hours The Core Issue Of US Chaos..Finally disclosed
  • 10 hours Trump Suggests Delaying Election Amid Fraud Claims
  • 8 hours Open letter from Politico about US-russian relations
  • 9 hours China's impending economic meltdown
  • 9 hours Why Oil could hit $100
  • 9 hours Brent above $45. Holding breath for $50??
  • 4 hours Pompeo upsets China; oil & gas prices to fall
  • 8 hours Russia Trying To Steal COVID-19 Vaccine Data, Say UK, U.S. and Canada
  • 1 day End Game For Oil? OPEC Prepares For An Age Of Dwindling Demand
Silver Blasts Through $21!

Silver Blasts Through $21!

The silver move carries broader…

A Look at the First Silver Bubble

A Look at the First Silver Bubble

Silver is showing all the…

Will Silver Prices Continue their Incredible Run

Will Silver Prices Continue their Incredible Run

Silver has risen higher relative…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Make or Break Time for Silver

Those who took my advice to load up on silver a month ago are laughing all the way to the bank. The white metal outperformed gold better than 1.6:1 ratio that I predicted. Silver is now trading at a two year high, is overbought, and bumping up against key technical resistance.

Unsurprisingly, I have been flooded by emails from readers asking what to do now. Short term traders, those in the futures markets, and anyone using a degree of leverage should take the money and run. As I have pointed out with my hugely successful agricultural trades this summer (corn, wheat, sugar), we now live in a zero return world, and the 13% gain silver has posted since August 23 puts you way ahead of the pack. Mean reversion can be such a bitch that it makes your ex wives appear like a convent full of nuns.

For those who hold physical bars and coins, it is a different story. Just keep it locked up and throw away the key. My multiyear target for silver is the old 1979 high of $50. Some hyper bulls, like Europacific's Peter Schiff, thinks it may go to $100.

In any case, the round trip dealing costs for physical bars and coins are too high, sometimes reaching 20%. There are also the tax implications, for those who bother with such things. Remember, coin dealers are now required to file 1099's with the IRS on all precious metals sales by individuals. And if things don't work out with this financial markets thing, and we enter the Armageddon daily predicted on the Internet, you can always use your silver to bribe the border guards.

By. Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News