Silver has officially hit rock bottom

slavaja said:
Only problem with that is Perth mint charges arms and legs for shipping and insurance.
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Very true. But in most cases you are going to keep the metal there under their lock and key anyway. Much safer and easier to sell if circumstances change.
 
Slimey said:
Now compare your chart to the silver spike of the 70’s.
It only looks like we are up to the 2nd spike of the pause between peaks.
That means at least 3 more years in the wilderness.

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mmm....shiney! said:
Runaway inflation?
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There is ZERO comparison to made to this chart as the fundamentals are far far apart.
I could be wrong of course ,and if i am i would love to know what the rise in the 80s due to someone cornering the market and a world pandemic have in common.
 
All roads lead to Rome. The high road (inflation) and low road (deflation). What may seem unrelated can produce the same results because our actions are dictated by our perceptions. The Hunt brothers were only a small part of a much larger game. Oil crisis, stagflation etc. The current economic situation appears at polar opposites to the 70’s, but as I always said, nothing is a straight line. It is all a circle. Just like art. There is no good or bad because sometimes the bad is so bad that it is actually good. The tail meets the head.
 
Slimey said:
Now compare your chart to the silver spike of the 70’s.
It only looks like we are up to the 2nd spike of the pause between peaks.
That means at least 3 more years in the wilderness.

View attachment 35039
Click to expand...

I looked at your chart again. Do you mean we're now at 1977? How do you know we're not at 1973?

But even if it's 3 years away to the next peak, buying must begin now as prices are starting to rise sharply by 1978.

Anyway, 3 years is a short period of time. I sold 3/4 of my stocks in 2018 and the market still went further up for another near 18 months.

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I see us at mid to late 1976, just after the 2nd drop. We have had a larger drop, but a drop all the same. Here it is in Aussie dollars. Keep in mind it is just an observation.

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That chart of silver price in the 70’s does not show the peak of $50. In today’s money about $500. That’s my line in the sand. Offload before this price.
 
So we are saying trump is the same as nixon then. I totally agree. Both sell out shills.
The charts will be alot alike.
 
Slimey said:
That chart of silver price in the 70’s does not show the peak of $50. In today’s money about $500. That’s my line in the sand. Offload before this price.
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This is possible but I try to be conservative here since many have a different view. :)
 
looks like the first bottom is Pd, now Ag is forming as well. gold is steady
and eh where are your heading on your own Pt ???
 
The question was really about silver breaking $14 after all.
the real option excersise price was $12 back to SLV days
and the price hold there.

$13 was just a diversion created on forum

recalibrating and adjusting our addictions price to heart

hiho to silver
be better prepared next time
 
When I started this thread there was physical silver 10oz bars available in the $220 range from dealers, looks like that bottom lasted a day or two, now they are $300 and you have to back order.
 
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