I've once again zoomed in to show the detail in the 100 day moving average and how it relates to the exponential trend.
Likegold, I'm not willing to suggest that this is an exponential trend failure yet. The data is noisy. We're still pretty close to the red trend line. It is entirely possible that the data comes back up to meet the former trend.
That said, the chart does have a certainblow off toplook about it. Silver investors who backed up the truck roughly one year ago can't be all that happy. Perhaps they will be ultimately redeemed. Perhaps not. Stay tuned.
For what it is worth, I do think both gold and silver are overpriced relative totoilet paper. I felt that was true when gold crossed $1,000 though, so take my opinion with a grain ofsalt.
I did own gold and silver from 2004 to 2006. They treated me well. As I've often joked here, I was once a believer and now I am a heretic. I just don't think any asset is good at any price. Eventually it all comes down torelative value.
That's an instant 10% return on investment for those who love candy. It won't make you wealthier though. Sorry.
Here's the good news. You won't pay tax on the capital gains. You can simply eat your inflationary profits.
I must admit that my girlfriend and I ate all of the inflationary profits. It's not that we love chocolate. We just didn't want the chocolate to go bad. Yeah, that's it. We were just being practical. :)
I am not a financial advisor. I am not offering investment advice. Although I have attempted to provide accurate information, that's all it is, an attempt. Please do not trust the opinions, numbers, and/or charts of a random anonymous blogger on the Internet. Make your own opinions. Make your own charts. Do your own due diligence. Thank you.