Why then, is gold the unmentionable, four letter word of economics?
… The answer is threefold: A misunderstanding of the role of money; a misreading of history; and finally, visceral revulsion to the notion that a metal can do a better job of guiding monetary policy than a gaggle of finance ministers, central bankers and well-degreed economists.” …… ~ Malcom Forbes. Featured is the weekly silver chart. When silver broke out at the blue arrow, it set its sights on a target at 32.00. This past week as part of this move, silver produced the best result in several years. The RSI and MACD are positive and the 50WMA is in positive alignment to the 200WMA while both are rising. That is bullish action. Along the way to the target, we will no doubt see a few pullbacks. These are buying opportunities for those with the foresight and resources to take advantage of them. This chart courtesy Cotpricecharts.com shows a steady decline in the number of ‘net short’ positions held by commercial traders (purple bars). From 65,000 contracts on Oct 1st down to the mo
