Loading ...Silver . . . snatching defeat from the jaws of victory.
Classic FOMC pump ‘n dump action.
I honestly have no idea or expectations about absolutely anything anymore, on any time frame.
If someone told you that regional banks would be up 300% vs silver miners post covid, you would have laughed.
It’s a plate-spinning act – all I care about is being in position to witness the spectacle. The Gold bull is still very much in-tact so silver can do whatever, I don’t care. The GSR spread has only collapsed from 91 before the run-up and currently the low has been 85, still VERY HIGH, silver is cheap (unless one thinks demand for gold is going to CRATER) – and of course I’m talking PHYSICAL – miners – not a core holding.
GREAT Article in ZH today about the Gorilla in the room.
First 2 charts say it ALL.
https://www.zerohedge.com/markets/did-you-spot-gorilla-feds-meeting-room
Agreed on all accounts.
They simply can’t allow a mania to develop in silver because it could undermine the fiat money game. Silver can rise in price over time but it will do so in frustrating way for the silver bulls.
It’s all about USD for silver and especially the miners, which is a pity.
The central banks have 100% coordinated monetary policy to keep USD propped up, all while global money printing went completely ballistic since 2008.
OTOH
Silver down 3.5%
SILJ down .4% and climbing
Always thought of silver as gold’s neurotic, bipolar half-sister, they’re still related but SHEESH!
What about Bob ?
🙂
Paper, digit, and ETF silver and gold are all tempting until somebody flips the switch and the lights go out…. Then they are impossible to locate since they never actually existed in the first place….and even when or if the lights come back on they are just figments of your imagination and do not really exist.
But if you can reach into your stash, or into your pocket… and feel them… and listen to them jingle….You’ll be very happy you made the decision you did!
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