Might be true but FWIW chart says we're going to test 19.50 or so. This drop may have a rebound but eventually they'll paint the charts to squiggle a bit around the 20 even zone.. bought some on the first drop to 22, just bought more today.. waiting to buy more IF or WHEN it hits 20..I like to think that the smart money is leaving the casino (paper silver) and heading for the bunker (physical silver).
LOL touche' my friend, I like it.. I did both! Bought the physical and also bought the paper for a bounce. Well, if you call 2-4% swings on the NUGT fund a 'bounce'.Did you actually "buy" ILT? or placed an order
In a perfect world, that would be ideal. But lets keep it real my friend, those greedy banksters ain't letting it go to zero! They'll pump it up a few more decades before losing out on their ginormous investment..If money is leaving the casino, there is obviously waning support for the paper price. Paper may go to zero (as FOFOA has said). Doesn't mean physical is going to follow suit.