My last two posts have been centered on silver and aluminum. I also created a chart comparing silver to aluminum. It is my belief that the ratio shows that silver is in a bubble.
January 6, 2011
Silver Euphoria
Today's SLV post by "defcon_dong" received five 5-star ratings (so far).
The comments from an anonymous reader in my last aluminum post inspired me to check something out. Imagine my surprise when I found this.
The following post is defcon_dong's oldest post on Yahoo. It would seem that he's not a fan of aluminum investing (Alcoa). I assume it is because he feels that only silver can protect against the ravages of inflation.
July 9, 2009
AA 9.00 > 7.50 > 6.00 > 5.00 > 2.00 > 1.00
bankrupt
Price then: $9.10 (adjusted for dividends and splits)
Price now: $16.42
Gain: 80.4%
To his credit, he did do extremely well on his Las Vegas Sands bet though.
February 12, 2010
LVS 16.90 to 17.20 by end of today
buy now before it goes back up
Price then: $16.81
Price now: $49.89
Gain: 197%
That said, I'm not sure the typical safety seeking silver investor would want to see his/her fellow investors also embracing casino bets. Just a hunch.
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