As of yesterday, the Dow has been up 12 out of 14 sessions. The market is either close to exhaustion or the short sellers are near panic. The shorts must be thinking at this point that this market is never going to go down. With that brand of thinking, the shorts must be near panic. Their reaction -- they call their broker and shout, "I can't take it anymore. Buy my shorts -- I don't care what the price is -- I've had it, and I want out. If I ever hear the word "short" again, I'll shoot somebody!"
Silver is beginning to look interesting to me. About a month ago, I showed charts of silver mining stocks that had exploded. This suggested to me that something bullish was coming up in silver. Since 2003 silver has gained 1012%, and in doing so it has outpaced gold.
At present the overgrown supply of ... Log in or subscribe to continue reading.
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