Friday, February 18, 2011

SLW over $37

Finally SLW clears the price I suggested buying at a couple moons ago.  It feels like it has been forever since silver was appreciated on the main stream level.  I get lost in the propaganda.  It is hard defending even the truth sometimes.

Silver is by definition monie.  It trades just as gold and platinum do.  It has not yet peaked production, and with its supply increasing, the price has not changed dramatically due to demand concerns.  If however there is a demand concern, which may happen soon, then price will sky rocket.  I can guess as to what the price action will be, but more than anything, it will make fiat money look stupid.

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