Monday 25 April 2011

Bullish Silver , Bearish US Dollar - They are WRONG

http://www.commodityonline.com/news/Marc-Faber-Dollar-to-turn-zero;-invest-in-gold-and-silver-38408-3-1.html

http://economictimes.indiatimes.com/opinion/interviews/bullish-on-rice-silver-natural-gas-jim-rogers/articleshow/8080308.cms

http://www.bullsource.com/peter-schiff-on-silvers-huge-q1-gains/

The whole world including Marc Faber, Jim Rogers and Peter Schiff are long gold , long silver, short US dollar.

In my view at the moment the only three people who have got it right are

Nouriel Roubini
Harry Dent
Bob Prechter

http://finance.yahoo.com/blogs/daily-ticker/harry-dent-major-crash-coming-stocks-commodities-already-20110331-080715-415.html

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Silver has gone completely parabolic
I have been saying this for last couple of weeks
BULLISH Optimism is at an extremely elevated level in Silver
This is a set up for a major crash

The crowd / herd is projecting Silver to touch $100 - $200 this year and next.

In my view - IT IS TIME TO GET OUT OF SILVER.

THIS IS NOT THE TIME TO BUY.

The HF community is ultra bearish US DOLLAR.
This is a set up for a rise in USD and a concurrent crash in SILVER , OIL etc.


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