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re: SLV - Holy Cow! Down to $17.16

Posted on 9/19/14 at 4:51 pm to
Posted by I Love Bama
Alabama
Member since Nov 2007
37737 posts
Posted on 9/19/14 at 4:51 pm to
quote:

ut what is obvious is there are no jobs being created and the middle class is being destroyed by low wages and inflation in housing, food and medical expenses ........


Posted by Iowa Golfer
Heaven
Member since Dec 2013
10233 posts
Posted on 9/20/14 at 7:08 am to
Two things one might, or might not wish to consider about picking some point to go long that would somewhat mitigate the Fed's stimulus beating the price down.

The all in cost of miners. This impacts supply. Miners simply shut down mines when prices reach these low levels.

Industrial demand.

Here is what I find interesting, and what I think has potential:

July 2019 silver $19.42.
December 2018 silver $19.12.
Jan 2016 silver $18.24
December 2015 silver $18.009

I would tend to believe based on miner's all in costs, which are hard to get one's head around because silver is in many cases found when mining for other metals precious and other wise, even with a drop in both industrial and investment demand, the current price levels are not sustainable for the outlying months/years quoted.




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