Contrarian signal?
Silver Rush Spreads to Stock Market .
The mania for silver has spread to the stock market as day traders pile into the buying.
Trading got so heated during the past two days that shares traded in the iShares Silver Trust, the biggest exchange-traded fund tracking the price of silver, topped that of the SPDR S&P 500 ETF, usually one of the most actively traded securities in the world.
Day traders "are going crazy," says Joseph Saluzzi, co-head of trading at brokerage firm Themis Trading. "It's typical of the bubbly speculation that's been going on in silver."
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1 comments:
DL: so what do you think? buy or sell silver?
EF: When retail is going head over heels for a stock or a commodity it usually is time to sell. It usually means there are no suckers left.
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