gfp: Who knows. Gold and silver have been manipulated, probably by China as they continue to accumulate massive gold reserves at cheap prices. When the prices will be allowed to freely price in inflation is anyone's guess. In emerging markets, which cannot print money without causing inflation, you see large increases in gold and silver pricing in those currencies. At some point we will see inflation kicking into high gear in the west, and the metals WILL rise. The 10 year Treasury spiking to a $3.22 yield is a pretty good indication that inflation, and the price of borrowing, are ticking up. I've written off all my option trades from last year. Only a total financial melt down would rescue those options at this point. So I'm just accumulating cash at this point. I have about $150 K in liquid cash reserves ready to deploy when the time is right. I will be the first to admit that I did not think the stock markets could continue to rally and rally, but that is the consequence of massive "free" liquidity courtesy of all the Central Banks. The Million Dollar question is how much higher can they push it before the bubbles burst?
