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Message: Anyone care to speculate on PMs steep drop this morning?

Re: Anyone care to speculate on PMs steep drop this morning?

posted on Nov 15, 2007 07:04AM

I am re-posting a portion of thermal_gradient's post, as I feel that part is good discussion material.

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 deep,

"huge speculative bubble?" - Are you kidding me?

Speculative bubbles are when everyday investors, retail investors are plunking money down. Not quite as big as when the cabbie is making recco's though.

I recently read that less than 2% of investors are in the PM market.

What we're in is a multi-year bull market in commodities driven by rising consumption, diminishing supply, and weakening of the currency in which they're traded.

And as far as SSRI considering your advice of some forward sales...I think that would be anathema to SSRI's management team and corporate strategy.

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