Silver Price Watch
- Thread starter STKR
- Start date
Here in the USA, CPI numbers were released this morning that were slightly cooler than expectations. The markets (gold, silver, crypto, etc.) reacted as if this increases the chance that the Fed might cut rates later today. More volatility lies ahead this afternoon (USA time) as the Fed could cut (possible, but not necessarily likely), raise (possible, but even less likely) or hold (most likely and expected). A cut and gold, silver and crypto are off to the races.
You've gotta have a chuckle at the smashing down of Silver. In no world is it justified when you assess the fundamentals. The bankers subsequently supply the nails for their own coffin. I subscribe to the belief that Silver's price is suppressed (I think it's naive to think it's not) and still remains the most undervalued asset worth owning in today's upsidedown world. Maybe I'm a little delusional but I think silver is the Achilles heel to the derivatives market and the kryptonite to the financial system. Gold is hoarded by the globalists because it can be. But there appears to be more silver in the hands of stackers like you and me than there is in the vaults of the oppressors, and the globalists cannot hoard silver like they hoard gold Because it's consumed daily by industry. Instead, they use what they have to keep silver suppressed and offer us a unique gift to partake in their detriment. It's funny how all we have to do is buy a few ounces each to do some real damage to the system, but too few of the 'normies' even know the silver story. All I can say is load up while the going is good because there will be a point in time where all we can do is reminisce of the opportunity that once laid before us. Every smackdown is a step closer to being the last smackdown, and the beginning of the end for cheap silver.
Will there be a further pull back to March 2024 prices and nothing over 30 until Sept? Then 45-50? I am tempted to tune out completely for 3 months , looking at price becomes addictive and (after the boating accidents) im fairly new and the stack is small.
I traveld to India in the early 90s for a long holiday over 12 months worth! And I can tell you that the world's reserve of silver is in that country. They even pound it down so thin they can consume it as a medicine to kill bad stomach bugs. I've seen pillars of pure silver and temple walls silver claded it is so mind moving to fathom how many millions of ounces are idolised there
