Was that chart inflation adjusted? I recalled 47 $ as a peak from my memory and was surprised about 55 $ in that chart. But here's an article from 2011 on CNN: https://money.cnn.com/2011/04/25/markets/silver_gold_prices_record/index.htm Says: "Early Monday morning, silver prices surged 8% to $49.82 an ounce. That was just shy of the $50.35-an-ounce intraday record hit in January 1980, but higher than the all-time high closing price of $48.70 per ounce set 31 years ago." So, it did hit 49.82 $ per ounce in 2011. The article talks about this close-to-50 $ price, so 50 $ is realistic. Non-adjusted. Now I came across this: https://www.investopedia.com/articl...d-and-silver-prices-are-diverging-gld-slv.asp "While gold outperformance, or silver's underperformance relative to gold, was very noticeable in early 2016, this has actually been going on for a long time. The outperformance has become even more pronounced since 2016. To start 2016, gold traded at $1,069 and silver at $13.80 -- the gold/silver ratio of 77.5. As of Oct. 2018, it's at 80. Gold prices have risen relative to silver prices quite steadily for years. This is mainly due to silver price weakness since peaking near $50 in 2011 (when silver outperformed gold)." Perhaps the price was indeed inflation-adjusted and I didn't notice. I myself didn't recall past-50 $ silver in my lifetime
^ I think that if the forces are right, we can expect a lot higher silver than 49-50 $ in 2011. Here's what I am looking at: - investment/speculative/hedge demand vs industrial decrease of demand: while industrial demand decreases, I can't exclude investment demand to rise and compensate for it (in other words: even if industrial demand slumps, fear of an economic crisis might stimulate people to buy in...) - the price of silver won't only be determined by the global economy's trends: just like cryptos started rising, people might "rediscover" silver as an alternative asset (money even) - less likely, I think, but possible - what if the entire world's economy doesn't collapse? (Poland didn't even feel the recession in 2008, their economy grew) - perhaps the west and east will disconnect/the multipolar world is the new trend anyway, so perhaps the price of silver will be less and less influenced by what happens in London or New York
Mike Maloney & Jeff Clark are looking for a bit of a Silver Spike. "The Big Silver Shock: Is $150 a 'No Brainer'?". http://www.silverbearcafe.com/private/10.19/shock.html
^ Find a "fool" (no offense intended) to sell to when it hits 50 $ already. Dealers will prolly sell with fat premiums and will buy under spot!
The FOMO crowd shorted the stock market after the 2nd day of drop only to be slaughtered by the strong & swift rebound north again. I'm excited!!! The gap on the major U.S. indices has now been filled to the upside. We're almost bumping up against the short term downtrend line also. A double top could also be considered to be in place for most markets. Most indices including the QQQ are showing a weekly close below the long term uptrend. I will mention it is only 'just' below, so there is a slight chance it is a failed break down. With almost everything aligning to my liking, including the VIX coming back and hitting support, I am looking to short the DJIA/SPX early this coming week. Do your own research and trade at your own risk. I will be using a relatively tight stop for this one as things can really heat up with the upcoming earnings season.
And to top it all off, Golden Week ends this week and with that (one of) the annual smash down ends and the price should have a nice bump!!
This chart is useful for showing the silver bull always precedes a recession. But before that happens, silver may dip during or just after a recession.
^ Even that is useful, because that would be a potential price level that it could reach - taking account of the dollar's devaluation. The 49+$ reached in 2011 would be much higher today after so much QE and inflation.
Congrats to those that shorted the general stockmarket at the start of this week.. so far it has been spot on! Looks like Jim Cramer saw my analysis and has now also decided to go short Expect to see some more extreme volatility in precious metals.
HAHAHA, Jim who? Oh, that guy on MSFAKEMedia spreading TPTBees BS. Good luck if you are still in the Paper PONZI Casino game. P.s. I prefer the ounces & kilograms of REAL MONEY to the paper & digital promises of the CASINOS - where you are guaranteed to lose.
Certainly am in the paper market. The last time you said I shouldn't be in the paper market, I doubled my money on SVL
I would never tell anyone what to invest in. I merely said Good luck if that is your penchant. Also, you did not double your money, you may have doubled your CURRENCY, big difference. One is REAL, the other is slippery.
We are about to see some more entertainment in the metals. I hope you don't get your knickers in too much of a knot, John.
My knickers are made of metal @SilverSale not paper, or digits. LOLOL. I hope you have some spare ones in your purse. SORRY, I've gotta go to Zero Hedge website where I just rejoined after 5 years & play with the big boys.
