Silver fliting with $76
(www.marketwatch.com)
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Prices dont go up forever. Look at 2010 to 2015 to see what can likely happen after a massive burst up.
Things are different now. This is a situation like no other in the past.
No its not fomo. Usawatchdog.com, latest video will explain it for you.
Is it this one?
https://youtube.com/watch?v=VMCu9GWpgzg
The current price is a British fiction conconcted after centuries of bad trade imbalances with the Chinese.
Any movement upwards is merely correcting to historical norms.
$77.12 12:27 Central
They tried that on Tuesday,dumping 50 million ounces.
We finished up for the day.
People who need silver are buying,they don't want to close for a nice profit, they make more on the phones they sell......
One dump isnt going to be the catalyst for a multi year down trend or more likely, a multi year consolidation. I'm simply providing information and people can do with it what they choose. Not a single asset goes vertical forever.
You do realize silver is WAY undervalued, don't you? Look at all of the uses of silver in tech. The banks have been scamming the price for years to continue allowing big tech etc to get it on the cheap so they can make maximum profits on those tech items. It's all one big scam to keep the price of silver in line. That's over now, they have lost control. I am not an expert, just a person who has some silver. I been reading others who are more knowledgeable than I am about this. The only place for it to go now is up until the value is where it should be. There is a finite amount, it's a valuable commidity.
Exactly! JP Morgan was the globalist banker. They manipulated the price of silver more than anyone. Dumping hundred million ounces of silver in the market to bring down the price.Sell high, buy low, dump, rinse repeat. What they were doing is protecting the fiat dollar. Why invest in silver if your rate of return on treasuries was a better investment? This kept the ponzi scheme alive.
Recently, I think JP Morgan closed its silver shorts and went long. They see it can't be stopped. We were told gold will destroy the fed and we are watching it happen.
A silver solid state battery has been developed. If this goes big time I would expect silver to sky rocket.
https://silvertrade.com/news/precious-metals/silver-news/samsungs-silver-solid-state-battery-a-game-changer-for-the-global-silver-market/
From the article: "Energy Density — Up to 500 Wh/kg (nearly double the 270 Wh/kg of mainstream lithium-ion batteries), enabling smaller, lighter packs. Range — Approximately 600 miles (966 km) on a single charge for EV applications. Charging Speed — Full charge in as little as 9 minutes (or 80% in similar timeframes). Lifespan — Up to 20 years or over 1,500 cycles with minimal degradation."
https://silvertrade.com/news/precious-metals/silver-news/samsungs-silver-solid-state-battery-a-game-changer-for-the-global-silver-market/
AngelCole I'm with you 100%. Have you seen anything regarding the value of where silver should be? In 1913, silver was about 1/20th of the price of gold. Gold was about $20oz and silver was about $1. Today, gold is at $4,534. If silver was 1/20th of the current price, it would already be at $226 unless I'm totally wrong which is highly possible. However, silver is now more valuable in industry today and I think that's likely to narrow the gap of the silver to gold ratio. Perhaps the ratio could go to 1/15th of the price of gold, or even 1/10th? At 1/10th, the current real price should be $453. And if gold continues to rise, the price of silver would also rise. I’ve seen so many experts just making wild guesses.
A friend of mine was waiting for the dip,when we were at 50. I told him to start averaging in. He didn't....
Friend of mine sold at 65. Told him to wait, he didn't.
It’s astounding how hard it is to get people to buy real money.
If the TELL A VISION comes on and says “YOU CAN MAKE A BAJILLIONTEEN DOWWARS BY BUYING THIS STUFFED BULLSHIT OR FINDING A SPECIAL BOTTLE OF SPRITE” and they’re all over it.
Your 'information' is irrelevant and outdated. Silver is now classified as a strategic metal by Trump and demand for the new solid state Samsung battery for EV's are going to seriously tap silver supply's ass. Might want to do some more research.
But they do go up and then trade sideways....
Tell me and asset like that, out of curiosity.