Steven returns for another economic update to cover the important scenarios that are unfolding all around us. Silver has surged to multi-year highs this week, and at the time of this posting the futures are trading at $23/oz. This breakout has been attributed to many different factors: a weakening dollar, continued monetary stimulus, Chinese bank runs, green energy prospects, overleveraged shorts, and more. Regardless of the cause of this meaningful buying, the most important lesson to learn is how to manage your own positions so that you can avoid the emotional roller coaster of a long term investment thesis. Manage your emotions on the upside as well as the downside. Be steady in all circumstances. Thanks for joining us for another economics update!
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