Recently, the price of Silver has plunged significantly, despite the fact that US$ continues to weaken and all expectation is that silver price will continue to go up up and up. People are rushing in to buy silver as a hedge against inflation.
But the price came crashing down. It goes to show that nothing is certain in investments, silver (SLV) price dived more than 20% in just a few days. It took months for the price to inch up to close to US$50 before the dive. All the big players are playing games and make tons of money from it. So small players like us need to be very careful when we invest so that we dont lose our hard earned money.
George Soros' hedge fund may be selling their big Silver positions in the last few days.
Read this article link about George Soros and Other Prominent Hedgies Selling Silver?
No comments:
Post a Comment