In this week’s Off The Cuff I sit down with Jeff Clark to discuss:
- The fallacy hedge funds are operating under
- The silver squeeze: what’s happening now?
- The status of the PM mining industry
- Jeff shares a mining stock he particularly likes right now
Right now the market is full of investors (= speculators) who are committed to “dancing while the music is playing”.
When asked about the current concerning and historic levels of (over)valuation, they reveal their strategy is to be one of the first out of the door when the music stops. They ignore, of course, that mathematically EVERYONE can’t be the first.
Jeff Clark, GoldSilver.com’s senior analyst, sees this and many other familiar echoes of the irrational exuberance that existed right up until the system broke in 2008, ushering in the Great Financial Crisis.
And while history may not repeat exactly, it often does rhyme.
by travissidelinger