is for Silver spot to stuck inside a trading range between US$10 and US$15, for an extended period, e.g. 5 years; until all the perma bulls throw in the towel.
Don't get me wrong; there's still money to be made. If you can trade paper silver back and forth, e.g. buy @10 and sell @15; short @15 and cover @10; one round trip is very profitable. And you could use the proceeds to buy more physical silver @10.
All commodities are down, and will be for 3 to 5 years. The world's biggset miner (BHP Billoton), has expressed the opinion that copper prices are likely to stay low for the next three years.
BHP Billoton also do iron ore, silver, lead, zinc and coal.
So if you are interested in taking a new long term position, now is the time to do so. Hasten slowly.
Use to be a shareholder of BHP Billiton but sold it when the stock started tanking and after holding it for for a few years I never saw any return on investment so I bailed...
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