In Case Silver Melts Down More

Screen capture from a YouTube video about casting silver bars at home by  "RobFindsTreasure". 

Silver Melts Down Too 

In our last two posts (Gold Melts Down and "Gold Is Now Technically Toast") we talked about the recent slide in gold, but of course, silver has melted down too recently. The one-week chart below, via BullionVault, isn't pretty. 

Let's talk about why the big infrastructure bill didn't boost silver prices, address some recent questions and objections, and then look at how you can hedge against further declines in silver. 

Why The Infrastructure Bill Didn't Boost Silver

That question was asked in somewhat more colorful terms by a Twitter correspondent. 

In response, we linked to a post we wrote here back in February. 

In short, record government spending this year was baked into the cake as soon as the Democrats won the Senate runoffs in Georgia, assuring them control of both Houses of Congress in addition to the White House. That gold and silver are down year-to-date anyway suggest that Modern Monetary Theory advocates are essentially right: the only real limitation on government spending is the prospect of inflation, and if the market thinks that inflation is transitory, then "money printer go brrrrr". 

Image via Know Your Meme.

Objection: You're Just A Precious Metals Bear

Untrue. Our system is agnostic on precious metals and has been bullish on them in the past. Each trading day, it gauges stock and options market sentiment and ranks the top ten names in its universe based on their potential returns over the next six months. Those top ten lists have included precious metals in the past. For example, the iShares Silver Trust (SLV) was our #1 name last September at the same time the ProShares Ultra Gold ETF (UGL) was #3. 

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Disclaimer: The Portfolio Armor system is a potentially useful tool but like all tools, it is not designed to replace the services of a licensed financial advisor or your own independent ...

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