People that are on the sidelines with PMs obviously do not understand the fundamentals behind the movement. If a PM moves up, why does everyone think it must go down? That people... is a question for a behavioral financier. Shear fundamentals suggest that PMs arn't coming down anytime soon.
I understand there ARE two sides with the PMs market, and this does not lead to 'sitting and waiting.' You are either shorting it, or buying the crap out of it.
The biggest tell tell sign for PMs not being in a so called 'bubble' is that PM's compose only a mere 0.7% of all global assets, and as said before, only 5% of US citizens own some. That alone shows that PMs cannot be in a bubble. Another one is the global shortages of Silver. Investors are hoarding it, and have no intention of selling for many years to come. At this rate, the PMs physical market will dry up and there will be an explosion on the derivatives paper market in fantastic fashion. (What are they backing if there's none left?)
This is the same story with Gold, however Silver is just Gold on drugs.
NCM Price at posting:
$42.42 Sentiment: LT Buy Disclosure: Held
