Silver Is On A Tear Today

Even with the 10 year pounding on 4.5% silver held and went up. So that makes speculation more expensive yet silver is up. That’s a tell

 

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It’s fun to ride the waves. I surf the markets. Physical survives tsunamis and politicians

 

Maybe now China sets world price of physical silver.

 

They go up and down. I'm not feeling well.

 

I read some article that stated China started buying world silver again, whilst restricting their own exports still.

 

China is hoarding silver because they know what’s going happen. It’s needed in industry and technology. It’s been undermined for 5 years and this will be the sixth year of a low supply. Dennis higher than it’s ever been. And it’s going to go up and they will be prepared for it.

 

PM’s are down

 

They have really drop this week and after a nice run up. Fears of inflation are high so the Fed won’t be interested in lowering lending rates. Talks with China are not helping either. These and other factors are making it difficult on precious metals.

 

None of this is anything to worry about unless you are trading PMs on paper on a margin account. The fluctuations actually make me laugh.

 

I don’t worry about it but I do watch it. It’s the only way to know what’s really happening in the market.