Silver Euro
Should I buy silver tonight?
It would likely be a short term play – in the next few days I think it might move fast, but I don’t know if it would be up or down – I imagine it will depend on if the Euro loses more value than the USD. If that happens, then silver will be pretty stable or drop.
However, if Greece/the Euro holds out, I think the metals will shoot up on consumer worries and the fact that the USD will keep depreciating as it has been. After going up though I would sell for small profit since next event is that Greece crashes, bringing down silver demand, or the US media does a good job of restoring consumer confidence.
Or was the entire ordeal today simply a blip?
I’m a trading newbie – feel free to point out any fallacies I might have made.
I appreciate it! Thanks!
the metals follow gold
when trouble abounds investers seek cover in gold which is most secure since the time of the bible.
NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY purchased 400 metric tonnes of gold late last year. They are the who is who in the global life insurance world.
Silver is a buy not just for a few days but for long term as gold will continue upward this year to 1500.00 per ounce.
good luck and God bless
Keiser Report: Passing Fiat Cash Grenade (E182)