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firemanbob0854

firemanbob0854
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  • Mitsui Precious Metals strategist David Jollie says the high margins on Comex and the low turnover on the Shanghai exchange are two factors that will keep silver prices from falling short of the $50 mark. It's a take that falls in line with the view of Sector Investment Managers' Angelos Damaskos, who sees the market back in "normal situation," where silver behaves much more like an industrial metal than a safe-haven asset. Silver +1.7% to $31.60. [View news story]
    It just seems to me that, in the short term, global investor sentiment will push silver down into the high 20's before elections take place, not to mention "the fix" on ECB, which is just kicking the can. Anyhow, I think we got a little more time before liftoff.
    Apr 6 12:52 PM | Likes Like |Link to Comment
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