Monday, May 16, 2011

SILVER - wanted at $50, not wanted at $35 - TIME TO CALL IN THE PSYCHIATRISTS... [By: Clive Maund, 15 May 2011]

Aren´t silver investors funny?? - they were raving bullish when the price was close to $50, now that it's down about $15 and near to $35 they are despondant. In the words of that famed alien with pointed ears, this is "highly illogical". Here on earthbound www.clivemaund.com we have a simpler term for it: "plain nuts". While picking an exact top or bottom is never easy, you can always rely on the collective behaviour of idiots as a guide. So the fact that they are now wary is good news for silver.


Read more @ ORIGINAL SOURCE

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