Silver getting crushed today

If only we could improve the economy by changing the scale on the graph!!

 

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It's a New Day and the Silver Sun is shining upon us

 

Thread started at 14.90........ will it come back.........

 

This is getting interesting ...

 

In reading some articles recently, most researchers point out the price of silver at our current economic status should be at least 2X - 2.5X the price it's going for now, same with gold. The reason is the big banks like JP Morgan Chase are buying large lots at the low price, placing short positions, then selling large load on the open markets, basically pushing the prices lower to inflate the stock market. Most Americans view the stock market as how well our economy is doing.

Our national debt is now judged with a time extension limit and not a dollar amount; with debt spending will over 18 trillion. Obamacare revamp will cost the tax payer billions. China will essentially soon pull the plug on the dollar while they stock pile gold/silver. Along with Russia, with zero debt and billions in gold/silver.

All these factors will send gold/silver a lot higher than current levels. Might not happen in a year, 3 years or even 5 years but I'm holding my positions when the big banks can no longer push the prices down.

 

If by researchers you mean people trying to sell it to you maybe. No legitimate researcher believes that.

No they won't. They have no economy without their exports to the US.

 

What is your definition of a legitimate researcher? One who produces result in agreement with your opinion?

They already have started to. The do business with Russia in their own currency. Both Russia and China have been stocking gold big time in recent years.

 

As have others, since at least the 1980s.

Wherever there's a market, some will see conspiracies.

 

People mention all of the gold buying foreign nations are doing, so there is nothing to prevent them from calling any major banks 'proposed' naked shorting, by taking the other side of such trade, unless one is saying that even Chase is too big for China or Russia to take on financially. Has anyone been keeping track of the currency?

https://www.xe.com/currencycharts/?from=USD&to=CNY&view=5Y

USD hit bottom in 2014 against the Yuan/Rem

http://www.xe.com/currencycharts/?from=USD&to=RUB&view=5Y

Same for Russian Ruble, 2014

They trade with each other because their currencies have similar paths, both down.
There are good reasons ( Rubles-petrodollars) why in general ,countries with petroleum reserves may prefer to disbelieve global warning.

 

What's a good site to get an honest opinion on Precious Metals In other words a non seller

 

Honest opinions don't help because there are a lot of opposing opinions which are put forward with complete honesty and faith. Problem is that one side has to be wrong in many cases, even though they are sincere.

Bottom line is that there is no correct answer.

 

Currency valuations mean little comparatively. One nation's bubble may be bigger than another's, but they are both on shifting sands. Only those with gold will find solid footing when counter party risk chains start imploding. Those with gold now obviously have less to worry about. Why there is a debate about whether or not metals should be priced more highly is beyond me. When you have something of real value compared to something of no real value, it's a no brainer. Anybody giving solid numbers is just speculating.

 

If you didn't buy silver when I did .. LOL .. they the boat has left the dock


at least until next time when it falls down in price ...

 

It is probably just on a round trip around the lake.

 

Unless it springs a leak and sinks to the bottom ...

 

Boat must have used flex-seal, and hit a geiser. Going up, up, and away. My pre-market analysis.

 

I know this sounds like a broken record, But just thought some may find it good reading.
https://blog.providentmetals.com/ne...lver-should-be-valued-higher.htm#.WRmQ5NLys2x

 

BRILLIANT deduction !!
Next stop $300 .. or $30 .. or $13 .... something like that ...

 

Yes, nice and comical reading for some.

I for one, think Silver is priced at the correct price based on the economic, political and supply/demand levels based upon it's multiple trade platforms both in physical and paper based systems. Paper based systems really inject more volatility as it allows investors to move in and out quite quickly. Even in the stock market, supply of index funds are now more than the supply of stocks which can artificially increase valuations due to holding criteria breakdowns.

 

So if folks had to to only hold sell physical silver in hand would that Value up or devalue?