The disparity between economic conditions in corporate earnings will not post well for equities forever. Investors are building up alternative hedges. We have seen massive profits in Bitcoin. If "exotics" get attention like this, a more radical shift in common alternatives like Silver might be ahead.
JP Morgan has decreased their short positions after years of accumulating Silver. It leads one to believe that with rumors of J.P. Morgan's massive silver accumulation, it's relinquishing recent silver short positions. It could portend a future where silver prices can no longer be manipulated as they once were, as the main manipulator has decided to cash in.
With history changing so fast and a million reasons for owning Silver, it is wise to look at markets from both sides. A fundamental and a technical one. More than ever!
Disclosure: I am long XAG-USD. I wrote this article myself, and it expresses my own opinions. I could be wrong simple as that.
Why would JP Morgan let go of silver, and end their manipulation of it? It would be very hard for the 'green' future (electric cars, solar panels, etc) to execute it's mission if one of their main components - which is silver - was over 50 bucks.
aboud90
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Did you think it will reach 21 levels to strike again back ?
coshice
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agree with silver, slowly building positions there as well...but I am expecting some quick spike to lvl 20-21 and then up, market will be volatile next couple of months....good luck