tag:blogger.com,1999:blog-20377909.post1637773410707395787..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Short-term Bottom in GoldRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-20377909.post-55888354865663572492010-05-28T17:12:02.483-07:002010-05-28T17:12:02.483-07:00Don't forget that silver is one of those hybri...Don't forget that silver is one of those hybrid metals. There is short side upside, but if the libor climbs and lending stops, in walks deflation and silver gets hammered. I know it's not fair that the market can paper trade many times the actual volume of existing physical silver. It's not a conspiracy, IMHO, because banks leverage a physical dollar into 8 dollars of loans, and people buy homes, cars, and use credit at volumes many times their annual income. It's the Keynesian aspect of our World. Would Austrian School Economic discipline lead to a better World? Maybe, maybe not, but I do know this. Our World is designed to be Keynesian, so we should deal with it as such.<br /><br />As far as silver goes, we've got good short term upside, but potentially deflationary long term downside.BxCapricornhttps://www.blogger.com/profile/14720907895352964228noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-40973493206789734892010-05-28T16:58:26.435-07:002010-05-28T16:58:26.435-07:00Silver will explode to the upside shortly as well ...Silver will explode to the upside shortly as well once people finally realize the digits in their accounts are losing value by the second.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-21591372367334489482010-05-28T14:31:59.574-07:002010-05-28T14:31:59.574-07:00The bottom was in on Thursday with almost every ot...The bottom was in on Thursday with almost every other stock. This is a screen shot of my spreadsheet, GG is Goldcorp, one of my favs.<br /><br />http://4.bp.blogspot.com/_k-NDR2ke2d4/TAA1n9bCxKI/AAAAAAAACaQ/BoVEjkK5Fos/s1600/GG+052710.jpg<br /><br />WE are in the buy zone, but this could back up a bit and present a better buy than Friday. Personally, I think the move is upward from here. They officially plug Macondo over the 3-day weekend, and everything's going higher. Volume today was weak, as everyone is just waiting around for a direction.BxCapricornhttps://www.blogger.com/profile/14720907895352964228noreply@blogger.com