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silver (and gold to a far lesser extent)

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tootalljones   Friday, 09/04/20 09:14:13 AM
Re: dukelasilvertbird post# 33100
Post # of 33166 
silver (and gold to a far lesser extent) is a very tricky metal. It does not do well when the market has a sustained "correction" (market parlance for it gets walloped), but it does do well during times of inflation and extensive (instead of the usual)QE.

There is no question that valuations now in equities rival 1929 with a CAPE now of 32 (and only the tear 2000 tech bubble of cape 42 was higher), so we are at 1929 levels. There are all the usual arguments now that this PE is worth it, because of low rates, new tech company inventions, etc...some basic common sense articles I have read by self admitted Bears, who have been losing since we came out of this years crash, suggest at some point we get a substantial correction. These articles are on Seeking Alpha and available to non members.

I am probably wrong to be in cash but things are at historic extremes which has always been a losing bet sooner or later in the last 100 years. Silver gets temporarily whacked in such times...

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