According to silver industry analysts, at the end of 2015 there were some 2.3 billion ounces of identifiable .999 fine silver bullion the vast majority of which are owned by investors in silver vaults and bonded silver warehouses. www.jmbullion.com per capita only 0.3-0.5 oz of this percious metal. would you pay $29 for an oz or $3000 for an oz?
big round bottom, multi year loaded spring, will look for $2020 in recent week high, and coming month $2200, and year end to $2500. once we reaches new high, we can lower leverage. and beware of retracement and risk. SL around $1750. TP1 = $2020 TP2 = $2200 retrace to $1800 TP3 = $2500 (2020 year end) TP4 = $4000 (2021 year end)
Economic cycles, Fed printer goes brrr. Long term US dollars might weaken lowest around year 2025~2026.
very simple, money supply, new stocks IPO and technically we have seen history repeat itself. aim for 4200 to 4500
Silver has approx 1/20 reserve of gold, and back to old times gold/silver ratio alwasy stayed <30. 2 month ago gold/silver ratio was above >100, massive bull momentum created, even last week silver price pullback is very reluctant and minimal. Silver has many industrail use and very little silver is recycled. If silver is 1/20 to gold: Stack real...
FED is printing and has zero interest rate, US debts are sky high, 2nd wave or 3rd wave around corner? where will the aud go? IMO short term (3 months) down 0.68, long term (1 year) up to 0.75