Tuesday, March 25, 2008
Halfwise the proverbial cab driver?
You know the story: when the cab driver starts talking about how to make a killing in the stock market, it is time to sell all your stocks.
Well, I don't know whether I am the equivalent of a cab driver in the precious metals markets, but here are two things to occupy your investment mind today: First, the picture you see here is the chart of the price of silver over the past three years. Look at the top RSI (Relative Strength Index) line and look how low it has dropped. This is an incomparably strong buy signal.
Then, for speculation about the price of silver compared to the price of gold, check out this link to Ted Butler and Israel Friedman's articles.