The Sarcasm Report v.83

Here's one for the silver bugs. No joke! It had to happen someday.

The following post is rated 5 stars out of 5.

10 Reasons To Short Precious Metals!!

#1 Overbought (every Second you hear commercials to BUY GOLD)

I left the radio on and heard 86,400 commercials in one day. It worked out to exactly one per second. He's not exaggerating.

#2 Fear is disappearing (money moving to riskier assets)

I was under the impression that precious metals had become riskier assets at these prices. Apparently I was mistaken.

#3 As economy approves Government will raise interest rates

The economy will no doubt "approve" government just as much as I do, lol.

#4 As economy approve Government will remove all stimulus

Count on all stimulus being removed. Nothing left at all. A press release will announce that the country is fixed and there will be no further need of politicians. They will retire and flowers will be planted in their honor. Count on it.

#5 All you hear from politicians is to cut the deficit

That's all we hear. It's been true since the dawn of time itself. It is the one thing that both the Republicans and Democrats can agree on without reservation.

#6 Good news is bad news for the market,no more stimulus causing a correction in the market.

This will happen as the economy "approves" no doubt.

#7 Companies are reporting record earnings,hiring is just around the corner

If true, none of these new hires will use that money to buy silver apparently.

#8 As price goes down the main buyer of PM is ETFS they will keep unloading causing excess PM on the market

A falling price will lead to a falling price? Never saw that one coming. Genius!

#9 Dollar will rebound because of the strength in the economy

If we "remove all stimulus" and there is "strength in the economy" once we do that, then the dollar will surely rebound. I felt the need to summarize several of his ideas in the form of a disclaimer.

#10 At these lofty levels producers are waiting to buy at a better price for production.

Does this apply to silver producers?

I didn't really see much value in silver at these prices. However, if these truly are the top 10 reasons to short silver then sign me up. Shorting silver sounds like a "sure thing" to me. I certainly can't fault the logic any more than I already have.

Update:

Oh bummer. His post had 5 stars but has dropped to 4 stars in the time it took me to type this. I can't imagine why everyone didn't continue to "approve" of his reasoning.

(In all seriousness, I have no desire to own silver at these prices. It doesn't stop me from being an equal opportunity heckler though. The "economy approves government" quote was just too hard to pass up, lol.)