Do you think correction in silver could be triggered by an uptick in interest rates?
I doubt silver corrects untill the interest rate comes up.
I highly, highly doubt that the interest rate will be going up anytime soon. In fact, it might not even go up since Helicopter Ben is guiding the ship.
Yeah i just watched silver go up $1 in the 50 minutes bernake was speaking.
My initial interest in silver years ago was primarily as an inflation hedge. As I studied more deeply, I saw that is was better for speculation at that time. Silver is always an inflation hedge of sorts, but I don’t think it’s the best option–particularly right now or in the last 12 months.
I don’t believe one should look deeply for profit potential in their investments to protect & secure themselves. Any place where profits are of any acknowlegable amount is likely to be proportionately risky. Risk is antithesis to security. Silver has been incredibly profitable, and likely will continue to be. However, now, and for the next several months I feel that it is an unstable wager and should be avoided by new investors unless they are willing to risk losing a great deal.
I hope you didn’t buy silver between April 24-27.