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silver closing in on $27 an ounce today
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<p>[QUOTE="medoraman, post: 1032339, member: 26302"]Exactly. I have posted before that there is a lot of "hot" money always in search of large movements in any asset class. It has been in oil, tech stocks, housing, technology, etc. There is a ton of non-fundamental buying going on. If people really think this money will stay in metals forever they are mislead. This type of money tries to capitalize on any large movements, it is hedge funds, savvy investors, etc. </p><p><br /></p><p>This is a traditional bull market, but with the advent of hedge funds and computer trades it has made such runs quicker. $28 is not scary to me, remember a market is a man made device, no number is impossible for a price, but also remember drops always come quicker than gains. Is $50 possible, of course. $100? Absolutely. I don't think long term the market could sustain that, but it is very possible for a while.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1032339, member: 26302"]Exactly. I have posted before that there is a lot of "hot" money always in search of large movements in any asset class. It has been in oil, tech stocks, housing, technology, etc. There is a ton of non-fundamental buying going on. If people really think this money will stay in metals forever they are mislead. This type of money tries to capitalize on any large movements, it is hedge funds, savvy investors, etc. This is a traditional bull market, but with the advent of hedge funds and computer trades it has made such runs quicker. $28 is not scary to me, remember a market is a man made device, no number is impossible for a price, but also remember drops always come quicker than gains. Is $50 possible, of course. $100? Absolutely. I don't think long term the market could sustain that, but it is very possible for a while.[/QUOTE]
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