You know when a tsunami is coming and the water seems to disappear and everything goes eerily quite and then the tsunami wave crashes in. It feels like what is happening now. As the prices just keep going lower and lower more and more of the physical supply is being sucked up. As well, the low prices may result in mining supply drying up as some mines aren't viable at these prices. Then at some point the market realises there is a deficit of supply. And the demand ramps up as there is a rush to grab a commodity that looks like it is in short supply. Are we in that moment now? It takes a while for the market to realise things sometimes and then once it does it is like a stampeding herd. Are we at the cusp of the bubble stage?
If someone cane explain to me what happened to the AUD, then maybe they know what is going to happen to the silver price. I'm stuffed if I know how the USD has done a back flip and so quickly???????????????
What's going on in the precious metals market has got everybody talking about it. I have been following the market news and analyses of recent and this is my interpretation of the situation (A) It's a correction time for the precious metals. Theses commodities are in the course of forming a new normal price level which is far less likely to deviate as it is now. (B) Like stocks are considered to be highly volatile, meaning fluctuating every now and then almost forever, it's 'normal' for commodities to fluctuate widely once over a long haul. Gold prices have dramatically declined after twelve straight years of a bull rally.
SImple - most investors have sh1t4brains and actually believe the USD to be a "safe haven"! :lol: They will all be on the sh1t side of the greatest transfer of wealth in history ...
You are wrong. What's happening now in the PM market is that all those with deep pockets are loading up on physical gold and silver - buying from muppets with weak hands.