Pop goes the bubble...

I'm just looking at the historical chart and how many years it's been stable, and observing the lemming behavior over the past two months. The jump to $50 seems sustainable longer term but above that looks like social media influenced nonsense to me. But I'm a curmudgeon. We'll see, won't we.

 

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Just a warning to those who think prices will increase forever. They might go back up again since China and central banks are engaged in this foolishness. They are playing with "house money." Although heaven help you if you get on the wrong side of the guy who runs that place.

 

This drop has made people cautious but silver is holding in the mid 80’s range. Up and down but it stays close to $85.

 

If the bubble ended, it won't go out with a bang but a whimper.

 

No, it's being ridiculous.

The bond market would sniff that out within seconds and the yield premium on the 10-year Treasury would skyrocket such that it would be self-defeating.

The Bond Vigalantes are back !!

 

As I look at policy suggestions coming from various quarters, I'm thinking that "ridiculous" is not so much a disqualifier as a pre-requisite these days...

 

Down to $65.65 today before rallying a bit to $70.75. It's interesting to watch when you have no skin in the game I guess.

 

I don't know about you, but I'd call dropping from $118 to $65 in the space of a week a pretty big bang.

Bubbles never go out with a whimper. The go out with a *POP*