I greatly respect Peter Brandt as a technical trader. He has a proven track record over a long time frame. However this post may rub some silver bugs the wrong way. Peter explains why he things gold is a good investment at these depressed levels but silver remains a fools game. It is an interesting read in which Peter presents some valid points on why he things silver could be heading further down.
One point that Peter mentions relates to the price of silver adjusted for inflation. He states “Silver could drop all the way back to $6 to $8 and remain in a long-term bull trend. There is one other chart of Silver worthy of display — the price of Silver adjusted for inflation (i.e., purchasing power as a function of “fiat” money). On this chart we see that Silver is right in the middle of a 100-year trading range — and in fact, has spent many more years in the past century below the current price than above the current price.”
We will also be having Peter on the weekend show for a market recap.
The link is updated and working now.