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Well, folks, I’ve just about had it up to the proverbial “here” with silver. I was truly looking forward, at long last, to being a bull on something, and not just for a day or two, but for months or even years. On Friday morning, at long last, silver seemed to have a mind of its own, zooming almost 5% higher in the midst of an otherwise humdrum market of other assets.
The latest charts from Current Market Valuation have tumbled out, and the story is the same: record highs, record highs, record highs. Here is their aggregate chart, which yet again is at a new peak for this endless bull market. In the entire history of mankind, there was only ONE fleeting moment when the aggregate was higher, and that was March 2000.
If I can interrupt the festivities of Presidents’ Day for a moment, here are a few tidbits from the boys in Gainesville I thought were worth sharing. First up is the plot of how many assets are put into leveraged bullish funds (white) versus bearish (blue). The contrast is stark – – a ten-fold difference – – which is a record. Let’s just admit there are no bears left.
This is hysterical. I highly recommend a reviewing…….
