Gold and silver are lower again, compressing the shareholders of miners down to little coins. There isn’t any reason to own a silver miner at a time of little to zero inflation. Pray tell me, where is the inflation? Commodity prices are decidedly lower over the past 6 months. All of the people who bought gold and silver also put money on Intrade, betting that Mitt Romney would get elected.
Speaking of which, do you really think Bitcoin is going to be permitted to just float around as an alternative currency? While you nerds out there keep busy solving mathematical equations, “mining for bitcoins”, the government is planning to shut you down. Like Intrade, Bitcoins will be deemed a regulatory risk. There are AML laws in place, my fellow tulip buyers.
Bitcoin is at $107 this morning, up 300% over the past month. Soon enough, they’ll be worth the same as a Chuck-e-Cheese coin.
Top picks: short Bitcoin, short AG
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no inflation?
how about gas, heating oil, supermarket food, restaurant food, healthcare, education, electricians, firewood, car repairs, plumbers, carpenters, lumber
Fly, are there any bloggers on iBC that have been recommending shorting the precious metals for over a year?
I dont think so.
hehehehe
silver is the most conductive metal and modern alloying techniques have begun to deal with corosion issues that formerly required gold for high power computing –
these metals are crucial for high technology, in addition to being wealth stores, and newfangled middle class decoratin’ –
Is this you JakeGint?
indeed not, olde chap –
Too many people are negative on metals and miners. We have to be coming close to a reversal.
It’s not just Fly. Everything I see from all, except one, is calling for lower PM prices.
Metal
Everything bounces, so no surprise there. However, there is a reason why they are eating 52 week lows.
If your computing thesis is true, then silver will tank if room temp superconductors come to fruition. Not as far-fetched or far off as you would think.
Jake will show up soon and call a bottom in the miners, again
When did I call a bottom the first time?
Right, I didn’t think so.
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DUST baby!
I’m gonna buy some of those North Korean coins – Jimmi Rogers loves ’em.
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