Just woke up to this spot price drop. Not happy. The bastard banksters are manipulating my silver again. Piss off!!
^ Them criminal banksters can stick their price manipulation up their ass next coming GFC soon. PM market is tiny compared to stocks, derivatives, ect. Next GFC the masses won't feel safe leaving their money in stocks, banks and so on, and they will be looking to park their cash in the tiny PM market. All that money is going to make my silver skyrocket. Banksters got no hope of keeping price down then and I will enjoy watching their paper fiat money and banks collapse!
^ it fell before it skyrocketed. Next GFC will be worse, so I expect different. I expect much higher PM prices.
Forget fundamentals. Silver is heading lower barring a nuclear war causing an economic Armageddon. Trump if he does what he says he will, or just look like doing what he said he will do in the first 90 days than silver will keep heading south. Interest rate is already going up as evidenced by bond rates. If your strategy is to aquaire a large physical PM holding until the end of time, this lower cycle will give you and everyone plenty of opportunity to amass more. If you're trading paper the extra volatility can be a godsend. Ive been experimenting buying Monday morning and selling on Friday morning. Interesting to say the least. If your numi or art collector spot prices is secondary right?
Wouldn't that boot the Aussie dollar down a few steps on the ladder versus the US dollar? Therefore either driving up or stagnating the price of silver up in Australia? And as for gold? What say you? Genuinely interested in thoughts and theories.
I think all pm is heading south, and my guesstimate is based in US dollars. And though just my personal view, people who got into PM without any sentiment is leaving to find higher returns in stocks, and why wouldn't they if they didn't have any sentiment towards metal. AUD - USD is anyone guess, because the pumping of US economy will have to lead to higher imports from China (even if Trump brings in tariffs, USA just can't magically replace widgets with USA made items they still have to buy it from the manufacturers, which leads to china again. With higher Chinese exports, Australian raw materials will be back in vogue so potentially AUD might go back higher. As for OIL it will be move to sub $50 for a foreseeable future as USA will keep pumping regardless what OPEC and NOn OPEC does. OPEC have conceded that they won't be kill Fracking which with new technology many US producers are profitable at $30 per barrel and below. Though my prediction is based on the scenario of trump doing enough of what he said will do, keeping up us consumer and business confidence.
So it's all potentially good news for lots of people holding or wanting to hold more silver things? Sounds alright by me. .
If Trump spurs a manufacturing and economic renaissance, siver being an industrial metal could see some strengthening in price while gold (as a safe-haven / fear-based asset) could fall. This is unlikely. Most of the market exuberance post-Trump seems to be centered around the share market with no real change in the fundamentals (at least not yet). If / when nothing really changes and everything goes tits-up then we could see gold take off. If the American economy does stage a major comeback at the expense of China then the AUD will fall substantially given the degree to which we have tied our economic wellbeing to a China's rate of growth. We'll get a double-whammy due to the government's dangerous pumping of rapid population growth, and especially if the realestate market collapses and the enormous levels of private debt drowns the nation. In this case, anything denominated in USD will be good for Aussies to hold. More likely any American recovery will be tepid and the great stagnation will continue. Eventually something will trigger a meltdown and a SHTF event.
In the last ten years 2006 to 2015 industrial usage won't be enough to hold the price up I don't think. http://www.silverinstitute.org/site/supply-demand/ industrial usage of silver has gone down 80 million ounces from 650 to 590 million ounces Bullion usage has gone up 240 million ounce from 50 million to 290million. https://competition.usmint.gov/bullion-sales/ Just look at monthly sales of US eagles From 4 million per month to 1.5 million a month.
Yes, that's the more likely scenario. There won't be any real economic or manufacturing renaissance, and when the market turns there will be a rush for gold.
However, if the gold price were to rapidly increase (rather than inch up gradually) it may drag silver along for the ride.
Gold I'm barely above water, so I hope it trends up. Hoping there are enough non sentiment invested willing to hold and Aquire more. Silver the more volatility the better I would love to see $2 dollar smack downs and up on Fridays lol.
