PMI manufacturing/services data November

Discussion in 'Markets & Economies' started by mmm....shiney!, Nov 22, 2020.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Private sector recovery in November:

    https://www.markiteconomics.com/Public/Home/PressRelease/1dfa4e5f9d254e9e943b62dbbf26b24d
     
  2. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    silver will go sky-high!?
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Why? They don't eat silver at cafes and restaurants
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  5. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    *Global demand for solar panels.
    *Demand for electricity is going to sky-rocket.
    *Global demand for hybrid and electric cars projected to be very strong - Norway car sales October 2020, 80% hybrid / electric, only 20% ICE (Internal Combustion Engine).
    *Europe and Asia look to be bringing forward their restrictions on petrol and diesel.
    *Regardless, more and more electronics in cars so global demand for silver is very good.
    *More money printing.
     
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    This is all evidence for a general commodities rally, not for silver to outperform other metals and go to the moon
     
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  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    https://www.bnnbloomberg.ca/gold-ba...rowth-cycle-in-australian-resources-1.1526233

    New mining boom for Australia? Boom for commodity currencies worldwide? AUD, CAD...
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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