What's the future of silver look like to you?

JOHNLGALT said:
With a physical market this size for the available limited quantity of Silver, I'd say the future looks SHINY.
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Stop deluding yourself and accept the fact crooks are running the market and faking the spot price ... you are better off focussing on that ...
 
systematic said:
Stop deluding yourself and accept the fact crooks are running the market and faking the spot price ... you are better off focussing on that ...
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This market manipulation is nothing more than just money printing and easy credit.

Take the example of American shale oil. How could it be possible that shale oil be pumped out of the ground and sold at such low prices when the fixed cost is so high?

https://www.wsj.com/articles/frackers-face-harsh-reality-as-wall-street-backs-away-11551009601

It's the same with some silver companies that never make money, e.g. AG, but still raise capital to expand production - https://seekingalpha.com/news/3419542-first-majestic-silver-enters-50m-atm-equity-offering

As long as you can continue raising capital, you don't need to make money - so the price of the commodity doesn't matter since real profits don't matter. But in a shtf scenario - financial crisis, all this capital inflow stops, and suddenly, all the loss making companies need to layoff workers, write off their book assets and go into liquidation or receivership. This is when silver will fly.
 
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systematic said:
In a shtf scenario the silver spot price can be whatever they can get away with ...
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not sure if the market would be open, long before shtf
in India case, even big notes can become useless

all can be fake, be it news...egg. milk powder..silver..gold...fake self declare president too
 
I would like to think silver will go to the moon ... but i would not count on it .... because people are greedy, lie and cheat ...
 
systematic said:
I would like to think silver will go to the moon ... but i would not count on it .... because people are greedy, lie and cheat ...
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You need silver and gold in the future because they will be the only form of money left that cannot be taxed (as in negative interest on deposits). Paper notes will no longer exist by then.

I can imagine a progressive tax on bank deposits, like 0.5% pa on balance less than $10k, 1% pa on $10k to $100k, 2% pa for $100k to $500k, 3% pa for higher amounts.
 
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sgbuyer said:
You need silver and gold in the future because they will be the only form of money left that cannot be taxed (as in negative interest on deposits). Paper notes will no longer exist by then.

I can imagine a progressive tax on bank deposits, like 0.5% pa on balance less than $10k, 1% pa on $10k to $100k, 2% pa for $100k to $500k, 3% pa for higher amounts.
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I have heard most of these reasons for more than 10 years ... i am saying the "aristocracy" behind the financial system will not allow it ... the masses are already working for a digit on a screen ... so forget about holding and trading precious metals unless we stop blathering delusions and get serious about locking up the scum behind the system ...
 
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Here's our old friend Charlie from Silver Doctors who is giving Cryptos away & is back on the P.M's bandwagon.

 
I don't know a bunch of silver stackers on YouTube were making a really big deal out of the fact that the US Mint sold out of ASE's, but the price of silver dropped.
 
Peter said:
If things get bad , silvers industrial use and value will decline.
Gold will go up.
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Logically speaking this might happen (of course the reverse is also not impossible), but I don't think the recession will come so quickly. Trump will drag the status quo until Nov 2020. From now until Nov 2020, silver might fall to $13 for short periods of time, and might also rise to $20.

If we adopt a wait and see strategy, it will be very difficult to resist buying until Nov 2020. There's a good chance one will "capitulate" and end up buying at a 4-5 year high. To avoid buying at a high price, it maybe better to nibble a little at a time so as to satisfy the urge to buy.

As for gold, there's also talk about it falling below $1000 so similar situation exists.
 
Fibonacci projections say Gold to 1550-1600$ silver 23-25$ before major drop in metal to 650-800$ gold&silver10-8.50$ followed with mega rally on USD with index as we meet end of market cycle( trade war off the table full impact on QE) Then gold to 3000-3500$probablyhigher Dow maybe -1000$
 
Good luck if u fishing for new low this year. I don’t see that yet happening from looking at my count&TA followed by Fibonacci.
 
As I've stated in SS recently, I'm not a big chartist and look market / economic / macro / political indicators that will drive the gold price and also the AUD / USD rate.

If the Fibonacci theory can overlayed over a longer time period and can show a track record of showing where the USD gold price will go, then I'm keen to see that and they see what that fits with the economic conditions of the time and events but a interesting point to raise none the less Tokyo.
 
Price action at level tell us full story let’s see what happens. I am flexible on ether way plan A or B
 
I think short term falls (and fluctuations up or down on a daily basis), longer term 6months + I think rise again. Suits my current stacking plan, early days for me in stacking bullion.
 
The future of silver looks great as long as you have people like _JOHNLGALT. spreading the word on 2 main forums & just celebrating with a bottle of 'Southern Comfort' 4,000 LIKES on Silver Doctors website.
"I'd just like to say once again to the people who are supporting our efforts to get the P.M's message across to our fellow men & women that I appreciate your encouragement with a personal milestone: 4,000 LIKES on S.D. & to my friends Branko & Therese, thanks. You all know who have kept the dream alive. Keep Stacking, (as Charlie @Marchas45 of the Silver Recliner Report says)".
4,00 LIKES IN S.D..jpg
 
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