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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
Silver Soul said:
Silver at $50AUD could spark a similar 1980s run , but this time with an up to date internet, and media support that we didn't have back then. It could see a fast track to triple figures as past resistances a virtually non existant .... I'm wary of that $32 USD resistance and firmly believe it will come down and test it as a solid support. These days who knows with the BRICS play so many powerful countries wanting to jump in ! Very interesting times for silver.
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It was also weird to have silver price go up while the AUD/USD stayed still.
 
I'm hearing you brother. The charts as you know are giving good signals fingers crossed and I hope the wallstreet whores have lost control of their shorts.
 
If there is a breakout in USD silver to an all time high the Greenback is cooked. Toilet paper it will be.
 
the deep pockets buyers would soon find out that they run out of space to store their newly purchased metal
they also find out that the suppliers are almost empty
 
Ticked over to $34 just now with no signs of slowing down.

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ABC spot price at $51 and a Kilo of silver well into the $1700

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If AUD/USD doesn't turn around from here, we could see it going even lower next month... Which is great for the POS in Aussie dollar terms.

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I wonder which commercial will become the next Bear Stearns from their short positions?
 
BRICS the new power house in PMs, and commodities. I guess the era of naked shorts are over for the wallstreet whores? One can only hope.
 
Holdfast said:
A big re-tracement coming in 2024.
Another buying op coming soon.
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Maybe at the end of this push. But if anyone here follows Elliot waves, it looks like we're on the third and most powerful leg on the weekly and monthly charts. The commercial shorts are really going to have to step their game up to counteract this next move.
 
STKR said:
Maybe at the end of this push. But if anyone here follows Elliot waves, it looks like we're on the third and most powerful leg on the weekly and monthly charts. The commercial shorts are really going to have to step their game up to counteract this next move.
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may be this time their pants got burn down, their house is as well burn to the ground
the regular moves may not be present, just a blue swan
 
STKR said:
I long for the day they're caught with their pants down while their house burns to the ground
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If silver runs hard from here you will know that the wallstreet whores naked shorts are farked, and they will burn. I would have loved to been a fly on the wall at this BRICS summit. This will be a game changer for PMs
 
Silver Soul said:
If silver runs hard from here you will know that the wallstreet whores naked shorts are farked, and they will burn. I would have loved to been a fly on the wall at this BRICS summit. This will be a game changer for PMs
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It never took much to end the price controls. One large economy could've done it at any time. A 10:1 ratio with Gold is where it should be, based on the mining ratio and factoring in scrap metal refining. Thats $400 silver at the current exchange rate. It may seem like an unrealistic price to some but that's exactly where we'd be if it wasn't for the incessant intervention of those in control of the aboveground stockpiles. $400 would be a natural price without factoring in the shit show that would come from the world competing for supply.

Tulip mania and the infamous 1980 run up will look like child's play when the reserves dry up and there's an actual shortage of Silver.
 
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