re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey

How so

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How so

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It's easy to see.

Silver bugs have more fragile feelings and delusional targets than the Hexicans

Not the same people… but carry on MT, thanks for reminding me I was correct, it was painfully obvious

I have found out that if I ask AI better questions, and narrow down the focus, it is vv. helpful. We had a long chat about future metals prices. I was under the understanding that the signing of the Iran deal would pump us up.

Basically, it said we will deflate for another 2-3 months. Heavy manipulation and fomo selling will hurt us. It says it sees 80-90 silver by Dec. It also said Bullish thoughts are $160 by 12-27 and extreme case is $300. Extreme case is the paper silver manipulators being called to deliver and their bullshite crashes down.

Dwindling reserves say that is coming anyway. When is the important thing.

don't need AI for that ... most all of that has been discussed by many ... previously in this very thread ... fact.

IMO it is wise to consider the global prism when viewing precious metals and their trends.

China banks are banning gold for retail investors ... forcing liquidations in their accounts. Steven Van Metre has a nice piece out on this, worth watching. I think I can see the heavy hand of the CCP from here.

Big time economic problems in China right now, and they are a major player in precious metals, perhaps the biggest player if truth be known.

My 2nd traunch for PHYS and GDXJ both triggered this week when gold hit $3977. I have another traunch scheduled should further pullback present the opportunity .... and I suspect it will in the next 45 days. If it breaks support at $3899 and holds below $3900 ... then we could easily see spot price of $3600/oz.

Gold is continuing to build a base following the Q2 pullback. By August the demand kicks back in. I'm Long gold... with a target of $5050 by Q1/27.

And like the saying goes, "Gold and Silver are traveling partners"

Just my dos centavos ... good luck out there

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Did you tell it to be realistic and no nonsense or is it on the out of the box arse kissing mode still?

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It gave bear, bull, institutional baseline, and extreme outlier. I am a yuge fan of the E.O., but have seen the "experts" call these gigantic coming prices for too long.

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Buy cash generating assets all the time over time > silver / gold.

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You have a point when looking at the juggernaut that is the US Stock Market

But, if you step back and look at the broader International Markets you'll see that Precious Metals have significantly outpaced the major indexes in countries like China and Japan over the years.

Maybe that will happen here eventually?

Many stackers stack to the ceiling for the potential paradigm shift.

Physical Precious Metals can accomplish many things at once

- While they haven't beaten the major indexes in the US consistently, they have shown the ability to make up lost ground very quickly several times.

- They have no counterparty risk. They give the holder the ability to transfer wealth between changing structure and economic systems.

- They're fun to collect. It can be a hobby whereas buying stock is just business

Additionally: You can generate cash flow with precious metals equities, though that space is admittedly more difficult to grasp for the layman than say the "set it and forget it" S&P tracking devices such as VOO, SPY.. etc. etc.

For a lot of us it boils down to this: They're the most proven monetary assets in human history.

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Gold is down about 29% from all time highs in January Silver is down about 50% from all time highs in January

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No kidding? …. nobody here would have guessed that

In the spirit of intellectual honesty, it is also fair to point out that gold rose from $1750 to $5600+ without a significant pause. What is it they say? …. Buy low, Sell high?

Many of us took our fair profits then, and are now dollar-cost-averaging back into metals positions for the anticipated bull continuance. Just as we will with equities when such opportunities present themselves.

I just sorted through coins my FIL gave to me and my wife before he passed. Just now she plopped a cigar box she found with a bunch of silver dimes in it to add to the other pile of silver coins. It ain't crazy money but it leaves me with a smile. Had this stuff for nearly two decades and never looked at it.

They definitely might trade sideways for a minute.

Hell, I built the bulk of my stack when it was trading sideways for a decade.

The difference between then and now though: Silver is in a structural deficit

It's not as easy these days for the bullion banks to tamp the price for extended periods via the paper market. Nations and the Corporations that need it will just load up on physical at the suppressed price.