Why is that hard to believe? Five years ago we didn't have a $19.3 trillion debt. We didn't have interest rates around the world this low and negative. Five years ago we had QE's giving out money to invest in this stock and bond market bubble. And now too many people can see that all that QE money didn't do a damn bit of good. Look at our GDP last quarter. Consumer credit card debt is almost $1 trillion. Greece is still in trouble. Spain, Portugal and Italy are in trouble. Illinois is 10 months past due on a budget. They are only one out of many states in trouble. The teamsters are begging congress to bail out their pension program. Other pensions are in trouble cause they can't find yield and the stock market has been flat the last year. Puerto Rico is getting bailed out. Why would you short metals?
The powers that be will not short the metals now. They see the writing on the wall. As far as AG is concerned, when you are mining three times more metal then you did five years ago and your costs have come down that means your profits are going up. They averaged $15.08 an ounce last quarter. Their avg. price per ounce will increase again this quarter. Do you actually believe with silver trading close to $18 that AG is only a $7 stock. Does anyone here actually believe silver will not be trading over $20 an ounce by the end of the year and gold over $1500?
There was a pull back from 5/17/16 to 6/1/16. Don't expect a pull back more than that. If you want to short this stock or others then good luck to you. Me, I'm expecting something very bad is going to happen within 12 months. I will continue buying metals.
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