This time its different. Silver to $40+

Discussion in 'Silver' started by President Trump, Jun 23, 2020.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Do you mean sell the car? :D
     
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  2. President Trump

    President Trump Well-Known Member Silver Stacker

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    You heard it here first; Gold to decline by USD1830 to a price of just USD40...back up the truck you've waited 50 years.
     
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  3. Tokyo

    Tokyo Active Member

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  4. President Trump

    President Trump Well-Known Member Silver Stacker

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    It's Tuesday. If you are new to this thread every Tuesday I have posted the silver price in USD as it was around 9am with the running totals from the week before. The prediction was that this time the price rise is different and the trend will continue, my reasons are given in the first post. We have been going for 6 weeks now and the trend is definitely accelerating.

    June 23 approx 11am $17.86
    June 30 approx 9am $17.86
    July 7 approx 9am $18.30
    July 14 approx 9am $19.11
    July 21 approx 9am $19.91
    July 28approx 9am $25.36
     
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  5. President Trump

    President Trump Well-Known Member Silver Stacker

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    Can't miss Tuesday! First decline in six weeks but silver is still looking pretty strong for another run up if it can hold above $23

    June 23 approx 11am $17.86
    June 30 approx 9am $17.86
    July 7 approx 9am $18.30
    July 14 approx 9am $19.11
    July 21 approx 9am $19.91
    July 28approx 9am $25.36
    Aug 4 approx 9am $24.23
     
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  6. President Trump

    President Trump Well-Known Member Silver Stacker

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  7. OneDay

    OneDay Active Member Silver Stacker

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    Hyper inflation in Australia seems on the way.
     
  8. Jason1

    Jason1 Well-Known Member

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    how did you come to that thinking?
    considering we are actually experiencing deflation right now.
    CPI went down 1.9% this year.
     
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  9. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Great, those that are well stacked will have nothing to fear from inflation hyper or otherwise.

    And for those of us living in Melbourne, it will be a change from just the the Hyper B S that we are experiencing at the present time.
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I had this feeling we're still in deflation. This video confirms it. But if inflation really comes, silver will go parabolic.

     
  11. OneDay

    OneDay Active Member Silver Stacker

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    At the moment the Central Bank and Government is fighting againest this natural deflation by printing money.

    Deflation before hyper inflation. There's a time lag from spending to inflation. How long I don't know.

    What will happen to housing? Will that deflate or hyper inflate? Not sure. It depends where money moves and how.

    Already noticing super market prices jumping steadily. Half priced specials followed by a price hike.
     
  12. SouthCoastSilver

    SouthCoastSilver Active Member

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    You guys are really going to have to convince me. I think Silver will be on the way back down and Gold will follow. I think the gold:silver ratio is out of whack, but that is because Gold is overpriced and Silver is about the right price. I am a pretty big crackpot conspiracy theorist as well. Did Martin Bryant commit the Port Arthur massacre or was he set up?

    Rubbish about Port Arthur aside, I am definetly the type of bloke to take a theory hook, line and sinker, but a too the moon boom on precious metals is a bit too much for me to be convinced on.

    P.s. Bush did 9/11
     
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  13. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Cheney might be upset you're not giving him enough credit.
     
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  14. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Sizeable leap in silver... :eek::eek:

    Screen Shot 2020-08-04 at 5.07.56 pm.png
     
  15. President Trump

    President Trump Well-Known Member Silver Stacker

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    Fed last night promises/threatens to do whatever is needed to push up inflation up.
    The greatest inflation hedge/ hedge against money printing, does what it naturally does.
    Gold goes to $2019.50 Silver to $26.03
    This is an accelerating trend with good fundamentals behind it.
     
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  16. Tokyo

    Tokyo Active Member

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    End of day doesn’t matter. I Just get on with program , silver out performing at moment = 40% correction in silver:gold ratio and doubled in price with high premium . Fact
     
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  17. SouthCoastSilver

    SouthCoastSilver Active Member

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    Out of curiosity, what price targets for Gold and Silver is the too the moon, end of fiat currency as we know it tier? As opposed to somewhat normal (albeit quite drastic) price changes that happen with commodities from time to time

    Curious to hear people's opinion on this, I will eat my humble pie and admit I was wrong I'm my opinion that silver would go back down
     
  18. Jason1

    Jason1 Well-Known Member

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    yer ok $38.60, interesting to see where this ride gets to
     
  19. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    It will be interesting to see if we get a Friday night smack down tomorrow night. Pos really needs a rest
     
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  20. Jason1

    Jason1 Well-Known Member

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    $40 is definitely doable right now. $39.40
     

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