Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
Does anyone not see the insanity of just about EVERYTHING else going berserk in price but silver is still cheap???
In what reality does that make sense?
I think "they" are getting desperate now(on so many fronts these days
)
Silver is deeply connected to the bubble in China.
How so? In your opinion...
My analysis of the byproduct mining of copper, gold, lead and zinc revealed that we are in a dire situation in regards to our resources. There's already evidence we've reached peak gold Production and were set to reach peak lead, copper and zinc production by 2025-2030. Meaning a decline in gold and base metal mining would translate into a decline in silver Production also. We were set to reach peak silver production by 2028-2032, and from my calculations, I've reached the conclusion that if we don't one or both of the following, we will see massive shortages which will alter the fabric of our very existence as we know it:
A) Dramatically reduce our rate of consumption, and/or;
B) Reduce the global population - starting with the worst material consumers - The western world.
Our current lifestyles and rate of consumption is completely unsustainable from a metals resource perspective. Depending on your level of comprehension and beliefs surrounding current events, you may or may not be surprised by the direction we're heading.
Gold and Silver may never have their time to 'SHINE' if either or both of those situations come to fruition. I don't think the UN Agenda 2030 coincidentally aligns with the projected declines in metal supply. I think that's exactly why such an agenda is so vital.
And just adding on to your comments. Scrap metal refining equates to about 20% of global supply. Many people look at the silver supply and demand fundamentals through the scope of mine supply only, yet scrap metal refining has been the main reason (and previous above ground stockpiles) we haven't had a major silver shortage in the past, with deficits between mine supple and overall global demand exceeding 200 Mozs most years since 2010.
I’ll say it again the intraday volatility is pretty wild at the moment..
Do you think it will be accompanied by $3 per litre fuel and rising prices of everything?
^^^^
you are on the right track with inflation and the rising prices of everything.
you are on the right track with inflation and the rising prices of everything.
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So one of the thread wants gold to go down and the other the opposite. I heard of $3000 gold year(s) ago and gold back under $2000aud for many months and none of that has happened yet.How long do I have to wait until gold makes up its mind?
It's curious that BTC is also in the process of making up its mind of which direction to head in. Will be interesting to see if they move up together, or if gold resumes upward as BTC lets out air.
And up she goes! (BTC that is..)
Millennial Engineer
Well-Known Member
The Boost up this morning due to the US Infrastructure bill passing the US Senate.
US CPI +6.2% y-o-y
Price increases over last year (CPI report)...
Gasoline: +49.6%
Gas Utilities: +28.1%
Used Cars: +26.4%
Meats/Fish/Eggs: +11.9%
New Cars: +9.8%
Electricity: +6.5%
Overall CPI: +6.2%
Food at home: +5.4%
Food away from home: +5.3%
Transportation: +4.5%
Apparel: +4.3%
Shelter: +3.5%
Price increases over last year (CPI report)...
Gasoline: +49.6%
Gas Utilities: +28.1%
Used Cars: +26.4%
Meats/Fish/Eggs: +11.9%
New Cars: +9.8%
Electricity: +6.5%
Overall CPI: +6.2%
Food at home: +5.4%
Food away from home: +5.3%
Transportation: +4.5%
Apparel: +4.3%
Shelter: +3.5%
China’s factory gate inflation soars to 26-year high on energy crunch
Producer prices rise 13.5% in October in fastest gain since 1995 as stagflation fears mount
https://www.ft.com/content/1c4b8670...LRAnzTlCITGbIrbXEsEodq5ib2Ha46vfm6ptnxGkzFblQ
Producer prices rise 13.5% in October in fastest gain since 1995 as stagflation fears mount
https://www.ft.com/content/1c4b8670...LRAnzTlCITGbIrbXEsEodq5ib2Ha46vfm6ptnxGkzFblQ