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Wall Street Lunch: Is The Silver Party Over? [Seeking Alpha]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Spot silver sinks 9% after a huge December rally. (0:15) Nvidia, AMD will kick off CES Vegas . (2:44) Next year looks huge of movie toy tie-ins This is an abridged transcript of the podcast. Our top story so far, when the shoeshine boy starts giving you tips on precious metals, is it time to get out? It's been hi-ho silver all December, with the metal up about 33% for the month heading into today. But the shine is coming off fast: spot silver ( XAGUSD:CUR SLV is down around 9%, reversing a roughly 5% overnight rally. Subu Trade notes that a reversal this big has only happened twice before, most recently in 2011, when silver went on to fall 16% over the next two days. This could just be end-of-year profit-taking after a 170% rally that's pushed silver to No. 3 on the global asset market cap list , behind only gold and Nvidia. Or it could be a sign of too much retail froth: silver was the top business search term all weekend, and some money managers are now calling it a meme
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