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Bank forecasts are always low on gold and silver (click image to enlarge):
View attachment 17138
Looks as if they got the hammer...
Maxwell's Silver Hammer
I'll take what I can get (and I did actually BTD this morning).Not much of a dip for me , looks like a us$ movement more than a metals move …
Rumor has it the hedge funds are pumping and getting ready to short it after they get the FOMO suckers in the game.I could actually see it coming this morning. They were spiking the price But the EFP spreads were shrinking and then went negative 10-20 cents.
In Michael Oliver’s latest MSA assessment dated September 28th and sent to his subscribers he revises sharply upward expectations for silver over the coming months and into the first quarter of next year. The report identifies both price and long-term momentum as signaling a phase of vertical acceleration. The character of this move is described as “massive and jolting,” reflecting a full repricing of silver as a monetary and industrial asset. Her is our breakdown and analysis of a portion of that report.
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I think people are waking up to the reality that real money doesn't lose buying power.I think the jig is Up. How many times have we seen them be able to Slam silver for $2?
AND then it gains it back a day later And with China on Holiday.
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