Re: thoughts on silver?
In the last hour of poker, 73s is winning at a rate of 21 PTBB/100.
Does this mean 73s is a great hand? No.
Likewise, recent performance should not increase your tendency to buy it. In fact, it should probably slightly decrease it because the odds are now higher that it's overvalued.
Commodity exposure is a good thing though, because commodities tend to be slightly inversely correlated with stocks. Commodity futures funds are great diversifiers. You also get much higher returns than just by investing in commodities themselves.
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