In today’s metals update, Jon Nadler says he was watching CNBC and Jim “Mad Money” Cramer had remarked that silver has become the new “Amazon.com” to day traders. He even says that new traders shouldn’t have a problem buying fresh silver. He goes on to say that if you haven’t bought silver, then you should. There are a number of things that could be said that, but at a minimum, it adds ammunition to those that are cautioning that silver is in a bubble and ready to burst.
Aubrae De Buse wrote a piece for us exploring the four stages of a bull market. In the article, De Buse warns that as a bull market gets close to its bursting point, all you will hear is people yelling to buy more of whatever it is. Eventually, he even says it gets to the point where “clowns are driving the bus.”
What do you think? Read De Buse’s piece and watch what Cramer has to say in the video below. Should investors start to worry that clowns are driving the bus, or does this market legitimately have some more room to run?