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<p>[QUOTE="jolumoga, post: 1720164, member: 41780"]To be clear, on YouTube I follow a guy who was always dismissed as a silver bear, and now he's buying silver. He is baffled by the labels. So being a good investor means being flexible and not sticking to labels, and being either a bull or bear based on time horizon, pricing, and possibly other factors that may change an opinion. To be more clear regarding a point I disputed with Mike above, overall silver demand may be weak, while bullion sales such as Silver Eagles may be strong, thus having some market effect. But either way, the main driver right now is the value of the U.S. dollar, as I have repeatedly stressed. I honestly think silver can fall lower at this point, because I expect the dollar to strengthen later this year. This is because the dollar is the cleanest dirty shirt in the laundry room, to use an analogy. On the other hand, the global QE can easily spin out of control. And I really don't see a recovery, or a lasting one, on the horizon. But again, if I'm wrong I'll probably be here admitting it, and won't just disappear, like many who jumped on silver because it was "hot."[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1720164, member: 41780"]To be clear, on YouTube I follow a guy who was always dismissed as a silver bear, and now he's buying silver. He is baffled by the labels. So being a good investor means being flexible and not sticking to labels, and being either a bull or bear based on time horizon, pricing, and possibly other factors that may change an opinion. To be more clear regarding a point I disputed with Mike above, overall silver demand may be weak, while bullion sales such as Silver Eagles may be strong, thus having some market effect. But either way, the main driver right now is the value of the U.S. dollar, as I have repeatedly stressed. I honestly think silver can fall lower at this point, because I expect the dollar to strengthen later this year. This is because the dollar is the cleanest dirty shirt in the laundry room, to use an analogy. On the other hand, the global QE can easily spin out of control. And I really don't see a recovery, or a lasting one, on the horizon. But again, if I'm wrong I'll probably be here admitting it, and won't just disappear, like many who jumped on silver because it was "hot."[/QUOTE]
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