Precious Metals: Risk Management to Opportunity

What Has Been

A solid 2.5 years of risk management (to varying degrees) has been required of precious metals investors.  It was most intensely required after the announcement of QE3, when the net commercial short position in silver began a relentless march toward a very bearish alignment in late 2012 and then the HUI Gold Bugs index lost an important support level at around 460.  Here is the chart of silver with a heavy commercial net short position from NFTRH 215, dated 12.2.12:

(more…)

Comments Off on Precious Metals: Risk Management to Opportunity

3P’s Supporting Massive Market Speculation

Policy, Profits and Propping… that is without a doubt the underlying fundamental support for a massive and growing phase of market speculation that becomes more dangerous with every week that it lurches forward.  Once again, the chart that proves this in no uncertain terms:

ppp
Policy, Profits & Propping‘ courtesy of SlopeCharts

(more…)

Comments Off on 3P’s Supporting Massive Market Speculation