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Silver is on the move, did we just pass the bottom?
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<p>[QUOTE="InfleXion, post: 1517656, member: 29012"]They don't call silver the devil's metal for nothing. If the DOW ever moved like silver does people would be pulling their hair out. I agree with your point. This rally has only been $2/oz. Small potatoes compared to what silver has done in the past. This could be the start of a big rally though if the Fed, the ECB, and the PBOC all print billions simultaneously. The Fed has stated QE3 could be open ended at $75 billion each month which would basically mean perpetual inflation until they deem it's too high. Ultimately inflation has to happen or banks will go insolvent as asset prices on their balance sheets plunge, but since price discovery in metals is still determined by paper contracts I think we could still see $20 silver until the physical market takes over price discovery.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1517656, member: 29012"]They don't call silver the devil's metal for nothing. If the DOW ever moved like silver does people would be pulling their hair out. I agree with your point. This rally has only been $2/oz. Small potatoes compared to what silver has done in the past. This could be the start of a big rally though if the Fed, the ECB, and the PBOC all print billions simultaneously. The Fed has stated QE3 could be open ended at $75 billion each month which would basically mean perpetual inflation until they deem it's too high. Ultimately inflation has to happen or banks will go insolvent as asset prices on their balance sheets plunge, but since price discovery in metals is still determined by paper contracts I think we could still see $20 silver until the physical market takes over price discovery.[/QUOTE]
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