Jim Rogers, if it turn into a parabolic bubble (i.e. USD100 per oz within a year), it will pop. If it goes up gradually, then it is ok. It is not parabolic yet, at least at the moment.
All parabolic move in any assets, it will collapse. It will happen, hopefully for all commodities in the next 5 to 10 years. If it does goes up without the fall of the US dollar, then we have to be cautious. Jim Rogers shorted gold and silver during its parabolic move (in 80s), and make a lot of money.
MyView
The recent mania in Silver is quite worrying. In less then 6 months, it tripled. It soon become a parabolic move. Unless US dollar crashes, this parabolic move is a major concern, according to Jim Rogers, who makes money during the parabolic move in gold and silver.
So, those who are Silver bull, do be careful. Sell and replace it with gold, which the advance is more orderly.
However, if we observe it clearly, most precious metal, energy and soft commodities move up when US dollar goes down. It may reverse when it hit the extreme.
No comments:
Post a Comment