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Always do your own due diligence. We seek safe harbor.
Commercial traders are heavily short silver- and rarely wrong!
yes rarely, but when they are its a doozy!
Yes, God forbid there might be another “RAGINGLY bullish” year or so for the crouched tiger, hovering and grappling once again with the multi-year lows!
LoLoL Anybody know of any of these _website gurus_ who HASN’T rated the PM sector of the silver world as anything less than a super-Ultra-MEGA “Strong Buy” the entire ride down from the 2010-11 rhino horn blowoff and BeeYou-TeeFool, uhm, “consolidation” phase??? I am recalling a column from Adam Hamilton about a year ago at this time, hyping out the wazoo the “IMMENSELY unbalanced” ratio of Ag shorts in the futures universe,” rationalizing that there was no possible way of avoiding a horrific short squeeze and projecting silver’s price to go catapulting to north of $40 by the just past May! WHOOPS!!! But rather than issue the slightest resemblance of any mea culpa come June and July as Ag at BEST barely pushed $22 in the interim…WHOOPS…it was just time to Regurgitate that forecast a couple weeks back, reiterating his bold prediction for silver’s spike, again based on the lopsided short vs. long futures Hmmm, what is his explanation for what may have only, SURELY temporarily longer, maintained silver’s price skidding in place, I wonder?
Similar story with Clive ‘Olive Mon’ Maund. Last I recall his “insight and TA expertise,” he had a chart showing something on the lines of, “one last pullback from (last year’s brief pop to) ~$24,” then going *ballistic* after a retest of $21-ish area, promptly to rocket launch with pretty much Ease beyond the $27 and $30 levels! Can’t say what he has _well reasoned_ in the year+ since as we’re still seemingly in the midst of lolligagging in place!
Seriously, I think I’d po0o0op a brick if I ever saw one of these guys issue a Modest forecast, saying there’s likely to be a 10-25%, maybe, “rally” for the metal.
I Think one has to read and learn. Just because the lid Didn’t blow off the pot last year doesn’t mean theirs any less pressure to do so. If anything the pressure is more. There is no relief valve is sight, just a gradual building of pressure, a casual creek as the metal expands a little and at some point the pot will explode. Our economy is much the same way the money being printed = equals pressure… The Worlds ability to tolerate the American Empire and continue using the US dollar = The Metal Pot Creeking under pressure… It Sounds as tho you have it all worked out, Mike Malony says everyones in the bet, sounds like your on the paper side of things. While for me I will continue to read and learn and buy silver when I can…. Good Luck With your hand Brother…..
All one has to do is buy some physical silver and just walk away. The paper assholes
Bring it lower come back and buy more. Repeat ,repeat and let the assholes fight
If the Fed didn’t support the stock market all asset prices would be in decline just like PMs. This imbalance will right itself soon enough. All of the currency installments cannot stop it.