Everybody talks silver these days. Now Cullen Roches from the Prag Cap calls silver a bubble and gives it a try on the short side. While I agree with his view I am just watching it and not playing it long or short:
"Silver is up over 100% in the last 7 months! Is there an irrational bubble forming in silver? I certainly believe so. And as of yesterday I am putting (a very small amount of) my money where my mouth is. Remember, bubbles are highly unpredictable and dangerous environments. Play in this pool at your own risk – on both the long side and the short side….For most investors, the wise move is to simply steer clear of what is clearly a very unstable environment." - in The Prag Cap
Related: IShares Silver (SLV), Hecla Mining (HL), Coeur Alene Mines (CDE)
