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WHEN BUBBLES BURST, PART 2

The daily charts of the silver bubble don’t really do it justice. You have to get the near $50 price in the picture from the overnight session of April 25th to really appreciate how grossly overbought this market was.  The price is cratering another 8% today.  This is now a full blown market crash.

My call on avoiding the silver market in April wasn’t necessarily prescient, but from a risk management perspective it couldn’t have been more spot on….

 

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