Very true. But in most cases you are going to keep the metal there under their lock and key anyway. Much safer and easier to sell if circumstances change.
There is ZERO comparison to made to this chart as the fundamentals are far far apart. I could be wrong of course ,and if i am i would love to know what the rise in the 80s due to someone cornering the market and a world pandemic have in common.
All roads lead to Rome. The high road (inflation) and low road (deflation). What may seem unrelated can produce the same results because our actions are dictated by our perceptions. The Hunt brothers were only a small part of a much larger game. Oil crisis, stagflation etc. The current economic situation appears at polar opposites to the 70’s, but as I always said, nothing is a straight line. It is all a circle. Just like art. There is no good or bad because sometimes the bad is so bad that it is actually good. The tail meets the head.
I looked at your chart again. Do you mean we're now at 1977? How do you know we're not at 1973? But even if it's 3 years away to the next peak, buying must begin now as prices are starting to rise sharply by 1978. Anyway, 3 years is a short period of time. I sold 3/4 of my stocks in 2018 and the market still went further up for another near 18 months.
I see us at mid to late 1976, just after the 2nd drop. We have had a larger drop, but a drop all the same. Here it is in Aussie dollars. Keep in mind it is just an observation.
I recall observing this about a year or two ago but using this chart -> https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart If we are going to follow the same movement as in the 1970s, then we could be seeing $200+ silver in the next peak and we've to start selling at $150 or lower to avoid missing the highs.
That chart of silver price in the 70’s does not show the peak of $50. In today’s money about $500. That’s my line in the sand. Offload before this price.
So we are saying trump is the same as nixon then. I totally agree. Both sell out shills. The charts will be alot alike.
looks like the first bottom is Pd, now Ag is forming as well. gold is steady and eh where are your heading on your own Pt ???
The question was really about silver breaking $14 after all. the real option excersise price was $12 back to SLV days and the price hold there. $13 was just a diversion created on forum recalibrating and adjusting our addictions price to heart hiho to silver be better prepared next time
When I started this thread there was physical silver 10oz bars available in the $220 range from dealers, looks like that bottom lasted a day or two, now they are $300 and you have to back order.