Replies to post #21305 on iShares Silver Trust (SLV)

[jt6455]

Yea man APMEX is buying back eagles 14% over spot and they are sold out of their own APMEX 1/2 oz walking liberty's.

Indeed demand is high for fractional silver bullion

[Extreme4Reality]

Smart Folks Dumping On Dummies Before Price Collapse

When bubbles start to deflate, late-to-the-party dummies rush in (too soon) to buy seeming "bargains".

Smart folks are happy that the dummies are buying.

Smart folks are dumping on the dumb folks who will take the big hit when prices collapse.

The same thing occurred in the dot.com bubble and real estate bubble started to collapse... smart folks dumped on the dumb folks who took the big hit.

In the case of silver, the dumb folks will lose TWICE... they'll lose when the premium crashes and they'll lose when the spot price collapses.

There's a 99.9999999% chance we're heading down to retest $14 (early 2010 price), then lower depending on the depth of the coming recession.

We're overdue for a recession.

Silver sank to $8 in the last recession
Silver sank to $4 in the recession before that.