Long "John" Silver. Silver Wedding. Big Fat Greek Wedding. Silver Lining. Silver Foil Conspiracy. Actually, I can't choose. Like Mozart trying to pick a wig in the movie "Amadeus", I want them all. At once. I love silver. I want to get married to it. As you know, every trader quote -- "must" be married to a trade. It's the trade that you embrace in good times and in bad. It keeps you grounded. And makes you feel like you have gravity. In a Beethoven Opus 135 sort of way, if you know what I mean.
Of course, the common plebeian wisdom is to "never" get married to a trade. This is a term used by nihilists and bacchanalian pleasure-seekers. We are not those type of people. We can commit, because we are not flying potato chips. We have some weight and integrity.
Silver is going up because precious metals will become the new reserve currency. Fear will rally gold and there is a certain ratio between the yellow metal and silver. Actually, the Romans dictated it to be 15 (ounce per ounce). According to my charts (created with quantmod package in R), it's currently at 63ish. Were the Romans really that wrong? And what about the issue of certain investment banks holding short positions in excess of concentration limits soon to be imposed? And what about the thesis (which I personally have not validated via COT reports) that there are more short contracts in silver than there is physical silver above ground?
Am I blinded by love? Maybe. But you are a fool if you have never experienced the blinding force of love. And love for a certain trade? Well, that's unheard of - like a merger between Capulet and Montegue. After all, we only live for a short term, and love lasts forever. Please trade small though. Your kids still need your love more than your fanciful trade.
0 comments:
Post a Comment