Guest Post: Silver, The S&P and Sanity, by Gary Christenson
Silver prices peaked in 2011. The descent has been long and tedious. Perhaps silver prices made an important low on September 11, 2018, like they did on November 21, 2001 at $4.01. That long-term low was twenty cents below the price on September 11, 2001, the day the twin towers fell at free-fall acceleration, which marked the beginning of the silver bull market that launched prices upward by factor of 12. The S&P 500 Index has risen for over 9 years, from a low of 666 to a high of 2,940. It sits in late October at about 2,641. Massive …