Gold at $25000. Silver at $600.

[PlunkettsGhost]

I'll be paying off the mortgage at 600, and then some.
I'd settle for 200. I am very black pilled on silver tho, due to its industrial application. I can see the powers keeping it low, for that reason. I'd consider selling a chunk at 50 at this point.

 

[Declan]

A problem silver has had for a long time is that it is too cheap and therefore it takes up too much space. For a long time , silver cost 1/20 of gold. If that was restored it would today be $140 an ounce.

The quicker it gets more expensive the better and it needs to hit an all time high of about 55 dollars to break into the public discourse.

I will settle for 35 this week and that would see 40 by years end.

when it rockets could be anytime when the shorts are squeezed

 

[Declan]

35 on silver and 2800 on gold by this friday and never looking back now

 

[Declan]

2800 tomorrow and O reckon 3000 by Christmas is a given now. Big earnings on tech after the bell today and the employment report friday is setting up us for blast off next week

 

[Declan]

 

[Declan]

One more stupid pist by @Mods vs Roc_ers Will get that dime increase

 

[PlunkettsGhost]

I'm not expecting to see $35+ dollar silver this year. It will dance around the edge perhaps for a while.

 

[jpc]

I'm not expecting to see $35+ dollar silver this year. It will dance around the edge perhaps for a while.

Once it stays in the 33 30 range.

 

[PlunkettsGhost]

Once it stays in the 33 30 range.

It will stay here and go sideways for 6 months.

 

[Declan]

Well today will not be the day anyway or so it seems. Bonds down and interest rates up has crushed metals down. Apple and amazon report after the bell and employment tomorrow might change things

 

[Declan]

Good . Your input is what is needed as gold goes from 254 dollars to 2540 dollars.

 

[Declan]

 

[Declan]

There s a lot happening but the biggest news imo is the fact that the debt has gone exponential. It passes 36 trillion next week, but unfortunately not on Monday most likely.

What we are seeing now is the interest rates going up so ignore the talk of the Fed lowering rates. It is just investors selling their bonds at worst and not buying the larger supply at best.

We have seen a trillion added now in just 3 months. No doubt another will be added by inauguration day if not by year end because most taxes are paid in during March for corporate and April for personal.

The unknown of course is the interest rate as every 1% is an extra 400 billion and we are at about 5% or two trillion dollars annually even now.

so it is game on.

 

[Declan]

In my lifetime I have gotten maybe 10 people to buy silver but only one to buy gold. 29 coins at a cost of about $8000 and it is now about $84000.

His problem is he only bought 29.

 

[PlunkettsGhost]

Precious metals hate Trump. They were sideways for 4 years under him. looks like it will be a few years more before that breakout we keep hearing about happens.

 

[jpc]

Precious metals hate Trump. They were sideways for 4 years under him. looks like it will be a few years more before that breakout we keep hearing about happens.

The underlying problems of the US economy haven't diminished.
The national debt is 36 trillion and climbing.
From January onwards let's see.

 

[Declan]

What crushed the metal yesterday was the huge rise in interest rates which meant a huge rise in the dollar, likely the best day in decades, thanks to Trump

 

[Declan]

The Trump win really has smashed gold and silver down and has seen stocks soar and bitcoin going now to $85000 dollars. I am tempted to pick up a few shares of AEM here

 

[PlunkettsGhost]

Economic realties have no impact on heavily suppressed commodities it seems. If Silver ever hits 40, I'm out for good. Might be a few years waiting on that eventuality

 

[jpc]

Economic realties have no impact on heavily suppressed commodities it seems. If Silver ever hits 40, I'm out for good. Might be a few years waiting on that eventuality

Remember that I mentioned the evonomic reality ?
Precious metals might have a bit more to go.
Plus the Chinese and Indians are buying silver st a premium to the western prices.

"They Just Got Handed Fraudulent Books" - Ed Dowd Confirms Our Warning That Trump Is 'Inheriting A Turd Of An Economy' | ZeroHedge

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