Warning: Latest AAII Sentiment Reading Is Out of This World
This week's AAII sentiment survey is out, and the bullish sentiment is out of this world: 63% bullish and only 16% bearish, for a bull-bear spread of 47%!
Wow!
The country is gutted, but meanwhile, we have another dotcom bubble complete with business model-lite companies, a farmland bubble, a precious metals bubble, and a generational bubble in ugly and degenerate art.
I'm not the only one who thinks there is "a precious metals bubble" apparently. That said, you might want to check out his source. Here's a fresh link to it.
It would appear to be just some random crackpot doom and gloom blogger on the Internet. Everyone knows this is a period of untold prosperity and great riches though. You'd therefore be wise to be wary! ;)
I have more fantastic news to share.
ReplyDelete“Gold can withstand any setback, including Bloomberg’s”
Those who assume Gold is a bubble couldn’t be more clueless about the state of affairs.
Although I run an Illusion of Prosperity blog, I have managed to achieve maximum cluelessness about the state of affairs! Woohoo!!
"It would appear to be just some random crackpot doom and gloom blogger on the Internet."
ReplyDeleteYeah but I hear that he is a 'Borderlands' fan so he can't be all bad : )
Mark your Al/Ag chart did kick a** though, like I said, I have been thinking of selling and when I seen that chart it about pushed me over the top.
Must have made an impression on Colin Peterson too.
watchtower,
ReplyDeleteRumor has it that the crackpot has been playing Sacred 2 lately. I think he might have a death wish or something. ;)
This is not a recommendation to hoard copies of Sacred 2 as a wealth preservation strategy. Its price keeps deflating.
We Wanted to Love This Half-Baked Sequel
Sacred 2 is basically a poor man's Diablo 2.
The crackpot enjoys the game even with its flaws though. Many hours of gameplay have been spent so far. Go figure.
Hey, I am back from China where blogspot is banned.
ReplyDeleteAnyone know if Europeans are buying metals in anticipation of Euro failing? I heard that somewhere. Makes sense, because the government will make sure any new currency is weaker. I could see being someone in Spain thinking hard about what currency to hold or whether to buy some metals.
We have inflation in China for sure now. People there are also buying metals.
Though technically, these are essentially bubbles because once everything settles down there could be a mass exodus.
Is there any reason alu. is cheaper than before, i.e. use of carbon fiber over alu? Probably not, as alu. is used in construction heavily. Is silver going up due to industrial demand or India wanting to buy more jewelry? I doubt it.
Maybe I will sell my physical silver I bought a while back.
cobacoba98
"Though technically, these are essentially bubbles because once everything settles down there could be a mass exodus."
ReplyDeleteThat's pretty much how I see it. If it was purely currency debasement then surely we'd be seeing it in aluminum prices by now. Aluminum more than doubled in the 1970s right along with most things.
Of course, aluminum could double again due to currency debasement. The best hedge for that at these prices would seem to be aluminum though.
At some point I expect the extraordinarily wide gap between silver and aluminum prices to narrow back near historical norms.