Listening to Liars

Som sagt, hajpen börjar bli lite väl stor angående silver. Använd inte hävstång. 


"When the clowns start crawling out of the woodwork screaming about how high a commodity is going at the same time as the commodity is at the highest price in 30 years, you are going to have a giant correction very soon.
In March of 2008 there were about 150,000 contracts of silver outstanding as silver hit $21. It was obvious to me that silver was frothy and due for a giant correction. I said it a week in advance and I said it on March 17th, the day of the high. Silver crashed from $21 to $9 an ounce in October.
Thanks to the silver cheerleaders, silver bulls lost $4.3 billion dollars as the number of contracts on Comex dropped to about 75,000. Once again today, silver contracts are about 150,000. It's a cycle that repeats again and again and again.
There was a young silver GURU back then convinced he knew everything about silver. He used to speak at gold shows and literally brag about how much money he was making. That must have been very impressive. His silver positions blew up that year and he is far more poor and humble today.
I’m not saying it’s “The Top” since we have not yet seen the wild blowout as the public rushes into gold and silver, each eager to capture the very highest price. The chumps, the bag holders, are not yet out in force. But silver is beyond frothy. It might spike up another $5-$10 but the next $15 move is down."

http://www.321gold.com/editorials/moriarty/moriarty030811.html