Silver Streak

Silver got going late last summer about the time of the Fed's QE2 ruminations. It has looked back since.

Current action has that gappy, parabolic look of a blowoff. Various oscillators such as the relative strength index and slow stochastics are pretty much plastered against the ceiling.

There are, of course, plenty reasons why 'White Lightning' could continue to zap higher, not the least of which is the Fed's non stop printing press.

Action like this that demonstrates why it's so difficult to stay on board during a bull market. The moves higher seem too good to be true, and the corrections that follow seem too painful.

position in silver