When fear permeates a market, everybody sells, especially the last ones in, frequently have to jump out. They have raised margin requirements for both silver and gold. So that makes it more and more difficult for people to hold on.
I barely pay attention to the price, but I know a lot of people do and that is why you have these sudden spikes up and down.
Tickers: Ishares Silver ETF (SLV), SPDR Gold ETF (GLD)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
