Loading ...Silver – I Think We Are Close
I believe that we are very close to an explosion in the silver price. The new round of sanctions on Russian Aluminum, Nickel and others(much like the over two years of oil sanctions) will do little if anything to hurt Russia.
The reason for the metal sanctions is to have as many commodities, and particularly metals, soaring in price. It is meant to distract and hide the fact, that silver will soon be joining in. Silver won’t be because of any phony sanctions, but because of a shortage that has been building for decades because of the paper derivatives that have been rehypothicated, up the wazoo!
When silver breaks $30 and runs first to $34-35, and then to $39-$40, on it’s way to $50, and then who knows where, the media will likely downplay it and lump it in with what all the other metals are doing.
CM, I agree silver on the cusp of a major up move. I have been buying PSLV to play the paper silver trading game. Silver will be very volatile on the way up so that is the kind of price action I look for trading back and forth.
The relentless upwards price trajectory has been something not seen for a long time. Will the paper handlers be able to stave off the explosion or is this it?
Been holding lots of bricks for well over a decade waiting for this moment.