Comment: I'm not falling for it.

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fireant's picture

I'm not falling for it.

Remember what happened to Max Kaiser's silver ramp two years ago?
We are currently in a de-leveraging environment, which is dis-inflationary. Industrial demand is falling. Institutions are selling in order to meet collateral requirements.
Once the production pipeline for coins and bars catches up, there will be plenty of availability, and premiums will come back down.
For physical savers, regular budgeted purchases until you obtain the amount you want is still the best policy. Going "all in" at a potential intermediate top is a good way to average your cost up instead of down, and the emotion of quickly losing could cause selling out of fear at the bottom.

Undo what Wilson did