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ProShares UltraShort Silver Message Board

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  • bobwins_o_phile bobwins_o_phile Mar 27, 2011 9:21 PM Flag

    As Yogi Berra said,

    Yes, shorting a bubble is always dangerous. Just like the internet bubble. Even when something is as obviously overvalued as silver, it can take time to come down.

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    • There's nothing obvious about silver being overvalued. What's obvious is that it's going up, and has been for a long time.
      Value is what someone will pay you.

      Fundamental values are meaningless when the entire world is printing money without restraint. But I'm always happy to have someone take the other side of my trade... ;^}

      • 1 Reply to zemmo
      • Unfortunately there is a voodoo school of investing that believes in a set of superstitions called Technical Analysis and the practitioners of this investing religion ignore any information about the fundamentals. You (and I) and other long silver believe in the fundamental drivers of the price of silver (things like Fed printing money, Asians buying silver at a great rate, amount of physical in the ground, etc.) and our comments usually fall on the deaf ears of the TA silver shorts which like to short silver by buying ZSL. Their loss, our gain.

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