absurd. The world is as close to Depression as it can get, printing money like there's no tomorrow, spouting ETF in specie to sift paper currency AWAY from physical, and the COMEX is the longest running PONZI scheme ever, so to expect a metal play for a metal that relies 1/2 on industrial usage to blow up three dollars is a pipe dream.
Good luck. All the tea leaves in the world can't change that prognosis.
I agree. I sold everything at 5.85 today and was glad I got out with a profit. I think oil will be going up, however, as the surplus oil we have in reserve will be depleted sooner or later, and with OPEC shutting down wells and upping the price, it's bound to happen. I've been looking at Valero VLO and TSO, both rated by S&P and going up. Also not too expensive.
I'm not anti-silver. I think eventually silver will outperform gold, ratio wise. And I've been buying silver American Eagles, whenever I can get them. I'm just a tad Elliot Wave oriented, and I see a big wave down coming. ( This would include all the indexes) GLTA