He may be too optimistic because the horizontal lines he draws at the peaks are purely assumption-based. Gold and silver may take a couple or moire years to see a significant trend up because sentiment in favor of paper may actually hold strong for that many years.
Mike Maloney is making some vary interesting points there. Silver might have bottomed. In fact, I think he just raised my appetite
Yes silever might have bottomed and it most likely will rise, but he doesn't explain why, sorry by to me it's just another chart monkey video with no solid explanations, he seems like a perma bull
Lots of smart people are saying bottom hasn't been hit yet. I think that the dollar is too strong and sentiment toward paper is as well. Central Banks don't want to stop printing fiat...at least not in the foreseeable future. The offset of high demand is not great enough....at least not at this time it appears. That means one thing to me...bottom has not come in yet.
Yeah a lot of people see physical run out but it doesn't mean that there's no pm's, someone was saying that investment grade pm's aren't really stock piled so once that rush of demand came through the not so big stock piles got wiped out and factories would have been on overtime if imagine turning 1000oz bars into 10oz bars. But all that aside I believe physical has taken a back seat to the volumes of paper and I believe demand has dropped in that area also
So if silver to gold price was 100:1 in the great depression. What's stopping it going there again during this depression? That's about $14 dollar silver if gold is $1400.
Well, first of all, the vast majority of people don't seem to be hurting today anywhere near like many were hurting in the great depression. Lots of other things are different today as well. You have a different set of investors and many more things to invest in today. I am no financial expert by any stretch of the imagination but I would say that we should look at the great depression not to see how we might today prepare for the silver-to-gold ratio to mimic, but maybe to also appreciate other kinds of pm's to invest in. Honestly, I can't wait and hope that the ratio mimics the great depression ration...I'm looking at current metal price trends, learning how different metals are used, and trying to keep an ear open for mining news. If the s-to-g ratio never returns to the 100-1 point, I want to be able to say that I wasn't waiting around just crossing my fingers hoping that this could happen again. I'm looking at what's going on today with other metals and investment commodities. Now, if it should happen (the 100-1 ratio), I'm good with that because most of my metal is silver....just so long as the 1 isn't $1.
Ok people aren't hurting as much. But the hurt is getting worse not better. If a Cyprus banking event happened in Australia, or globally, people would start to hurt very quickly. So there could be a point where the 100:1 ratio is hit again. It could mean gold is at $3000, silver at $30. However it happens, there is a chance that 100:1 may happen again.
can't see a bull market in gold to $3000 and silver not doing well myself. My impression so far is that silver usually goes along for the runs up often more so than gold. Supply would be somewhat constrain as well, most likely, as base metal production slows.
For someone who likes to rag on chartists, he sure uses a lot of charts! :lol: @19:45 "I do a little bit of technical analysis, but I don't like it......" {but here I have over a dozen charts to show you to explain my price predictions ....}
