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spoon

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Posts posted by spoon


  1.  

    typically, a backwardated market is accompanied by a rising spot price but not always. but the mere perception that something is afoot should see silver outperform gold in the short term. the commodity complex on the whole is due something of a bounce with credit concerns abating and silver ought to benefit more from this. but i wouldn't bet against the greater trend of silver underperformance reasserting itself soon.


  2. I suspect a decent portion of the silver accumulation is switching of existing longs into the allocated ETF.

     

    As as aside Silver seems to have turned a corner today, more than holding it's own amidst the Gold carnage. I'd be surprised if we didn't have at least one more look at today's lows in gold and silver...most probably in Tokyo time.

     

    Question - are collapsing equities good or bad for metal prices?

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