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Thread: Silver's got legs.....!

  1. #21

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    $23 seems to be the new normal. ASE premiums are still around $18
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  2. #22
    Join Date
    May 2013
    Posts
    1,490

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    GOLD- up...SILVER-up...MINERS -down...????
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  3. #23

    Default

    Quote Originally Posted by Ag guy View Post
    GOLD- up...SILVER-up...MINERS -down...????
    Lot of end of year selling going on now and throught the next week or so for tax loss writeoffs. Good time to lot up. Plus the GDX & GDXJ have had a good run and are consolidating their nearly 40% gains.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  4. #24

    Default Silver's got legs

    I have Silver in Bars and Rounds,American and Canadian, But sometimes I have to google a Search (Silver's got legs) and this is what I come up with.I Wish I could get some of these,
    https://www.youtube.com/watch?v=URt_DzTLIVw

  5. #25

    Default

    Quote Originally Posted by THE OLD FART View Post
    I have Silver in Bars and Rounds,American and Canadian, But sometimes I have to google a Search (Silver's got legs) and this is what I come up with.I Wish I could get some of these,
    https://www.youtube.com/watch?v=URt_DzTLIVw
    Nice, but the wrong legs.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  6. #26

    Default

    Silver spot is at $24 right now. There was a sudden spike up in both gold & silver this morning.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  7. #27
    Join Date
    Jan 2017
    Posts
    4,129

    Default

    330 million oz have left LBMA vaults these 12 past months.

    https://marketsanity.com/over-330000...ast-12-months/

    This is 10,000 tonnes of silver.

    To me it looks like a short squeeze.

  8. #28
    Join Date
    Jan 2017
    Posts
    4,129

    Default

    India is draining Western vaults of silver.

    In 2021 India imported 4,500 tonnes of silver.

    Until November 2022 India imported 8,000 tonnes of
    silver. That's an increase of 78 % and still with a month to go.

    Silver is poor man's gold in India.

    https://smallcaps.com.au/western-vau...indian-demand/

  9. #29
    Join Date
    Jan 2017
    Posts
    4,129

    Default

    Silver (supply - demand) went from positive until 2020
    to -48 Moz (million oz) deficit in 2021 and - 194 Moz
    (estimated) deficit in 2022.

    https://goldsilver.com/blog/this-fac...denly-in-play/

    My note: economics 101 says that the price of silver should increase...a lot.

  10. #30

    Default

    Say it does.? Then should you Hodl? Or should you Sell High?
    Decisions, Decisions, decisions>>>
    I mean, do you want ded pres. green paper? or....something more solid?
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

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