Not one post after I quote Mr. Degraaf of Lehman Brother’s do I need to quote him again.
He remembers the last time he pounded the table – I was correct – it was silver.
It was 2003. It is amazing that I remembered, because he just made such a compelling POUND THE TABLE – CALL:
“Silver at $5.40 is the best chart we have ever seen on an ax-ante basis (without the benefit of future knowledge). It is a career maker – though we are not sure what that means.”
Unlike me, he never is full of himself so this self love is rare.
More importantly though – he goes on to say that many others are now bullish, so I interpret that as I posted in my “hogs get slaughtered” post from last night.
He loves the trend and remains long-term bulllish.