It seems like there are plenty of perma-bears who aren't aware of the underlying changes in the paper gold or paper silver market. My crystal ball is crude - but I think Skyrocket is on the right track.
AU in AUD could be ramping up. This year I'm hoping for gold to rise $1400 USD and AUD to fall below 70c. It does feel this can happen, could be good year for Aussies with double pump
USD will start going down is one reason. There will be a turning away from nations wanting to trade in it. World debts and weak economies is another reason.
Fair opinion. Though I'm still interested in the underlying changes in the paper markets for which there is wide-spread unawareness.
If 2017 will see a notable rise in silver spot, then my call from 2016 will make me the true Nostradamus of SilverStackers ! .
There is a variety of advice accessible on the internet. This advice, plus my assessment of world debt based asset failure trends, makes me believe that large buyers of gold or silver are finding it increasingly hard to make purchases in large volumes. They sell their dying in value government bonds and buy gold and silver. That gold and silver is going into hiding - so curiously the paper price (or spot price) for gold and silver has to adjust upward during 2017 and beyond, searching for those who would sell their metal at higher prices. If I was confident of any greater detail, I wouldn't be sharing it on Silver Stackers, but be hanging out with mates at elite resorts such as Montecarlo.
I foretold there will be a start of a turning away of nations in trading in USD and soon USD going down and it starting to happen. Soon others will follow. Today - [youtube]http://www.youtube.com/watch?v=u9yOvQm9kdQ[/youtube] A year or more ago I also made silver bets with a number of people here that the Chinese yuan/remimbi will replace the USD as the world reserve currency by 2020. I be looking to collect my silver winnings way before then me thinks USD going down big time and currencies be going back to gold standard back currencies. That's when the manipulation stops silver is the biggest winner!! Keep stacking PMs, especially silver! My precious!!!!
Frexit is coming. The destruction of the EU is for the betterment of mankind...and for PMs. Just think of all that uncertainty surrounding the declining Euro and nations going back to their own currencies! Yep! 2017 is going to be a great year for PMs!!