And all silvers can only be viewed as being worthless, since they have failed to protect investors during all variety of market and currency troubles.
really ?? and the dollar is a flight to safety...your on some really good pharma pills mr.paid traitor...just as is remington firearms....sellouts...the swift system is hanging on the cliff...a small nudge and ciao....
What do you mean by "all silvers?" If you mean ETFs, then I would agree with you that they probably have no intrinsic value and likely do not represent a share of the actual commodity. Miners are an indirect play, and their dismal track record speaks for itself, so I half agree with you there given prevailing conditions. But if you feel the underlying commodity itself is worthless, then you also ignore centuries of how money itself has been defined.
I also agree that the metals have proven to be an unexpectedly poor play on the currency debasement the world is witnessing...so far. If the velocity of money picks up (the energy needed to mobilize the massive liquidity pumped into the market by the central banks) then inflation will quickly change all that. Given the weak economy and trepidation ahead of this earnings season and the #$%$ performance of the transports, we will see about that. AA didn't disappoint as much I as I thought, I admit, but Nordstrom and Starwood can't lead or sustain the rally, and neither can General Mills lead it higher. I'm not holding my breath, but there are many other fish to fry while the punch bowl is still spiked.
Believe it or not (and who cares if you like it) the Fed purchases of MBS has lit some kind of fire under housing, and I am happy with my 6 month positions in ETN, WY, and USG. Is there really a boom in housing ? Is it all a phony Fed-induced bubble ? I don't give a rat's because it makes up for the pain the GDX has caused me.
I hold metals as insurance against inflation and have been doing so since gold was $400 and I could go down to Mexico and buy silver libertads at the bank for ten bucks. My anticipation of inflation is low at this moment, so I have deployed capital elsewhere. The phizz I hold will go to my kids if I dont need it, or I'll cast in into 7.62 rounds for the zombie invasion.
If you are short silver, I'd like your or anybody else's opinion on the short interest in the latest COT report.