May look like it. After Silver went to 33 it went below 31 AUD And the US dollar is showing weakness at the moment as well.
Silver off to a good start this year. $35.4 AUD an ounce at the moment Last year High was 41.2 (XE.com) 5.8 AUD to get to Local high last year. $27. compared to which was high last year $29.8. 2.8 USD to get to local high of last year. USD is weakening which is pushing up the Silver/Precius metals price against international Currencies. If this continues I speculate Silver to go Higher as more people go towards it as more people realise the loss of value and look for other areas to store wealth in besides the bank. (also Solar Panel Demand).
Yeah went up to 41.5K USD (US Instability)? Gold and Silver just got hit before the weekend Silver went down to 31.7 AUD. Im going to buy the dip.
maybe the coming of new pricing https://www.bullionstar.com/blogs/b...eze-physical-silver-shortage-vs-paper-silver/ BullionStar may soon have no option but to abandon setting prices based on silver spot price altogether and move to fixed prices. GSR ratio from https://silverprice.org/
We don't have to worry about them, many of them much smarter than us. One American sailor converted the profits on his $3k punt on GME to buy 1600oz of silver in a single order! They are literally using free money made from cryptos and squeezy stocks to buy physical silver. Elon can continue pumping cryptos and they will just cash out and buy commodities. The money made from dumping cryptos will eventually flow into physical silver. They understand silver better than us. It's too easy for them to make money using little money, but the same money can be lost just as easily. By dumping profits into physical, you lock in your profits offline.
Was that the one where he bought 100 Oz bars and did an unboxing video? The Apes over there have filtered through the noise of Buy Physical Silver, or PSLV or enough SLV to stand for delivery for it instead of holding SLV, like was once suggested on Wallstreet Bets. I think the idea of Elon Pumping Doge/Tesla Pumping BTC , as a distraction, while they go unannounced buying Silver or even silver mines has been speculated there as well.
Yup. Yes, Elon would be buying up and securing platinum, lithium, nickel, rare earths mines, and all the stuff he needs for Tesla and SpaceX. Recently, he approached Russia, I'm quite sure it's about resources. While the media is pumping bitcoin and dogecoin, my rare earth stock has gone up nearly 300% in just over 2 months and the talking heads are not even talking about rare earth! There are lots of opportunities still lying around, only need time to research. Don't bother with msm, they only pump what they want to dump. The real gems, no one talks about it.
12 year old twitter traders with 500k subscribers giving crypto trading advice. The smart money is here!!!!