With the entire NFL waiting for the monster Patriots vs. Saints clash tomorrow night, the games today were a bit boring.
-The Dolphins lose again!
-The Texans blow a lead against the Colts, easily the most recurring theme of the season. Note to Colts fans: Having to come back from 17 points down is all fun in the regular season, but come playoff time that will not work. Period.
-I think the Titans will win out this year
My take on the huge game tomorrow night between my two most loved NFL teams? Either way I win, but I think the Patriots have a break out game on Monday and pull off the shocker.
Sunday Views on Silver
On a slow Sunday two esteemed friends of Economic Disconnect weighed in with some views on Silver.
Stagflationary Mark of The Illusion of Prosperity offers his view on Silver as it relates to Aluminum:
Silver to Aluminum Price Ratio
There is a great chart provided and I think it a worthwhile stop to make if you are a fan of silver.
Denver Dave, writer of The Golden Truth, has a very interesting letter detailing the ginormous short position held by JP Morgan in the Silver market:
A London Silver Trader Shines a Spotlight on the Huge Silver Short Position on the Comex
One might look back in time and see the actions of the government when Silver was being aggressively hoarded by the Hunt Brothers (See Silver Thursday) and spot the difference. Silver prices going up on leverage is bad, but excessive short interest in silver is ok.
Regular readers know I am a big silver fan and own silver through a variety of channels (PAAS, SLV, physical bullion).
I suggest checking out the two pieces above. Food for thought.
My own take is still the same:
In a time where the very meaning of "money" is being called into question by overnight vaporization of debts, governments printing non stop, and asset bubbles being pumped by carry trades and low volume futures bumping, I think many are turning to the oldest store of value known; Gold and to a lesser extent silver.
Maybe I am a metals "bubble head" or maybe I just like shiny things too much, but that is how I see it. I am not saying "Its different this time" as much as I am saying things may be moving back to some kind of system where "value" and "worth" have some kind of tether to something that cannot be fudged. My 2 cents.
Have a good night.