john embry -shorts to get crushed, page-3

Every near vertical blowoff top in commodities reversed unexpectedly and then crashed back down to earth.

The last obvious time was oil's blowoff top of July 2008 when nymex crude hit $147/barrel, on the back of extreme optimistic sentiment readings, then oil crashed 78% over the next 5 months.

Given current extreme sentiment readings on both oil and silver, we're likely near such a reversal in fortunes again.