Silver Is On A Tear Today

I sold the bulk of mine at 25. to buy a new tractor. Talk about hindsight. I see provident is paying descent prices for buy back Maybe some more should go.

 

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What I’m saying is when interest rates are cut it tells investors that the dollar is weaker. That’s what causes silver to rise by the Fed cutting interest rates.

 

At least you spent the money on something that you needed. Tractors are a costly item. But they have many uses. Isn’t hindsight great? I wish we had foresight like we do when applying hindsight. Lol

 

But if it's the END of a cutting cycle....and other countries and/or the ECB are going to cut for a while longer....that wouldn't be a tailwind, but a headwind.

I get what you are saying, CN....I just wouldn't bank on it being a material or long-term source of support/demand for PM or silver prices.

 

Definitely not a long term reaction but that short term one can make you rich or break you.

 

As long as you hold on to the original principle, your playing with other peoples money and thats the way I like it