Silver: Will it be Currency or Commodity Going Forward?
Read comments on my last post to see more of these thoughts and discussion.
I’m starting to, in my maybe delusional mind, wonder if there’s a possibility silver isn’t used as a currency, in a NON-Mad Max, non-economic crash future world with debt forgiveness/defaults, a gold backed US dollar, and future world moving towards digital gold backed currency as well? Perhaps a still pretty decent economy not needing portability or trading of goods with silver coins.
I think Trump is going to attempt to pull off a doozy in the next couple years. I think he tried to show with the government shutdown that America can run just fine on “minimal staffing” which will be necessary to live within our means if we default on the debt and shrink government. I think he’s going to do something to help America. He’s the debt/bankruptcy champion that said in early 2016 that America needed him and that he could get us out of our debt problems. Hope he pulls it off… 🙂
I’m wondering if silver goes down in a rising gold backed dollar world? Is that what the charts are saying? What if people realize gold is IT and silver won’t be part of the future economic system and sell their silver en masse?
Or are the silver breakdowns MAJOR FALSE breakdowns which will rocket forward in the future years taking silver to way higher than $50 and make speculation like mine ridiculously laughable in hindsight?
Good charts, thanks for sharing, these keep us honest! I don’t remember seeing these in a while.
It appears on your log charts if silver breaks through $22+ we should be in good shape. Although in the near-term on the linear it’s almost back over the NL.
Keep sharing these moving ahead so we don’t lose sight!
Sure will Afasilver!
I’ve been waiting for years for gold to break down too but it hasn’t. That could mean something?
Rambus says something like: “The charts tell you a story and you just have to figure out what they’re saying.”
Maybe this is what they’re saying and explains some things… really just speculation and throwing an idea that makes sense to me out there… This idea of a gold backed US Dollar would explain why gold and the dollar rise together and commodities go down. Also this would explain, if silver isn’t part of this new system, why it has broken down, and why it goes down with all commodities as a result of a soaring dollar.
Whoa,It’s like a flashback to 2014 or so when you where crankin charts out. Thanks Chuck
Haha. Felt like I had something to share.
Thanks 🙂
I’m sure it won’t last…
Was going to offer some charts…got tired 3 into it…lol Will add eventually
https://www.tradingview.com/x/xJQb3pAt/
https://www.tradingview.com/x/IT8GBDvV/
https://www.tradingview.com/x/55tgWDJU/
Love ‘em!
That dollar chart is phenomenal. Could be a nice inverse H&S. Never seen that before. Thanks for that one.
The copper charts and parallel channels are pretty awesome too. I think we’ll visit one of the bottom parallel lines…
Thanks Sir Schism…
p.s. those don’t need to be in a comment of a thread but deserve their own post!
I dwell in the shadows chuck.
Chuck please use medium size when posting multiple charts
thanks Fully
Ok