Holter says you might have just days or hours left to buy silver coins & bars below $20.
Even one or two big traders demanding delivery could cause a price surge. Nearest contract expires this Friday. Holder expects COMEX default on delivery of physical & move of silver well above $100 this year. Holter interview from weekend can be seen on newsman Greg Hunter's Twitter page. @GregHunter
1. Over 95% bullish consensus. Practically everyone who wants to own it already does, leaving little room for further buys. Mutual funds are stuffed with it.
2. Housing activity--is it peaking? Many analysts say so.
3. Valuation--at the high end of the historic range.
4. The old adage "sell in May, go away" often works. What better stock to sell than one at historic highs?
A good strategy might be to use call options to replace stock. The calls will capture much of the gain if it rallies a bit more, but you lose a tiny fraction if it sells off 20%.
I own them both, but am a bit fonder of the Mapleleaf. It has a canadian $5 face value vs. the U.S. face value of only $1. Not that silver will see $5 again, but think of it as an embedded $5 put vs. the $1 put of the U.S. coin (ignoring currency diff.). Plus, the Maple has nice pictures of the Queen.
"Pow, To the Moon". Silver is starting its moonshot. Will it stop at $50?
Gross is very smart & has been through many rate cycles. His "sell" is smart.
Lots of potential "black swans" flying around. foolish to not sell some winning stocks here.
Plus going into May. Could see a 10% or more correction. Buy volatility. Cheap!
For the newbies here, think of VXX as a put option on stocks...VXX rallies on market selloffs. So, if you expect a market selloff, buy VXX call options.
Bought some VXX calls Friday.
Works better than 90% of the time, especially when market is close to highs going into May. Will this year be an exception? maybe, but that would be improbable.
Don't sell UVXY yet.
It seems unlikely to most observers that Congress will handover tens of billions of dollars to P.R. ((especially in an election year); more likely they will allow P.R. to pursue some form of bankruptcy where they can negotiate easy repayment terms with bond owners.
Many many troubled issuers who will use P.R. as a precedent to take the hide of muni bond holders imho.
"If the dollar continues to sell off, rates will rise sharply". TLT has a date with $100 this year imho.
I see a rush for yield and a great deal of ignoring of potential risks. This behavior is characteristic of market tops.