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re: This could be something....Look beyond equities, Silver to be the next short squeeze

Posted on 2/4/21 at 11:33 am to
Posted by misterc
Louisiana
Member since Sep 2014
701 posts
Posted on 2/4/21 at 11:33 am to
high physical bullion premium and long wait time for physical may drive a short term 10-15 percent upside if there is no risk off market event. Beyond that I'm not sure where we go. I would like to see physical premiums increase further and lead times increase longer before I start levering back in.

Posted by cadillacattack
the ATL
Member since May 2020
4488 posts
Posted on 2/5/21 at 8:34 am to
quote:

shite I think the fun is just getting started, the COMEX /JPM is doing everything they can to suppress the market and we are still up 10% from last week. We should be up 30% but they are throwing everything they have at the market to keep the price down hoping new investors will head for the exits


questionable jobs data = increased stimulus = a spike in UST Yields ...

and we know two things:
1) the Dollar Index will plunge due to the Yield spike (see chart)
2) today, Precious metals will begin a slow run-up because the Dollar is sliding

disclosure: long PHYS, PSLV, KGC
PHYS - accumulating below $14.21
PSLV - accumulating below $8.80
KCG - accumulating below $7.00

This post was edited on 2/5/21 at 8:36 am
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