Showing posts with label Brazilian Independence Day. Show all posts
Showing posts with label Brazilian Independence Day. Show all posts

RSI - Really Stupid Investors..?

Yep, after a month cycling in the Pyrenees, plodding through Sartre's finest works, and smoking Gitanes like they're going out of fashion, JdA is back at her desk, and is rather agog at the sudden outbreak of morale in the silverogosphere.

Indeed, thanks to some decent rises in the price of silver and gold during August and early September, we're all suddenly being advised to jump back in, with a range of erstwhile blog hosts queuing up to tell us that the 'doldrums' are over, and that the bullion banks have 'lost control'.

Silver in particular has had an impressive rally, moving from around $26.50 to $32.72 today. That's a whopping 19%. Well done to all who bought in at the bottom, and who are scaling out at the moment.

And a big wooden spoon to those doing their usual trick of beseeching their readers to buy as much as they can now that the rally is nearly at an end. You think I'm exaggerating? Read on...