The only argument in his article I'm not buying is the silver demand from solar. Backlashes where ever you look and asa the first major (and self-induced) Blackout occurs, the forces to stop solar expansion will thrive.
My best guess is GER, perfect candidate as they mix oversupply with high further expansion and over 50 % of generation totally uncontrolable in terms you can't shut them down in times of weak demand. And the grid is utterly ill suited for all of that.
He does not mention WHY silver had resistance!! It is the price manipulators at the COMEX and bullion banks who buy short positions. If the price continues to rise, they will have what Rick Rule describes as a “ Come to Jesus moment”
Hey John, do you have An opinion on SLVP, and SILJ ETF's ?
Hi Cooper, they're both good, though they've had big runs lately and might be vulnerable to profit taking.
Thanks so much!
I've got a sizable position in silver, so I'm pleased it jumped up in price.
Let's just hope the jump up isn't matched by a drop down - silver is a volatile market with a history of price gaming.
We'll see in the weeks ahead.
I think that First mint/Majestic got this avalanche rolling,
By keeping 700.000 oz of silver back when it was 28-32-36.
700 k oz X the 375 times geared shorts = MAYDAY LMBA is going DOWN
(anybody keen to help ?...by buying MORE...) ))
The only argument in his article I'm not buying is the silver demand from solar. Backlashes where ever you look and asa the first major (and self-induced) Blackout occurs, the forces to stop solar expansion will thrive.
My best guess is GER, perfect candidate as they mix oversupply with high further expansion and over 50 % of generation totally uncontrolable in terms you can't shut them down in times of weak demand. And the grid is utterly ill suited for all of that.
He does not mention WHY silver had resistance!! It is the price manipulators at the COMEX and bullion banks who buy short positions. If the price continues to rise, they will have what Rick Rule describes as a “ Come to Jesus moment”
In his full article he does
Thanks Petra!
I did spell COMEX wrong in my post, it should be CRIMEX😉
If it looks like a duck and walks like a duck and quacks like a duck.... it's probably a breakout.
Buying more AGM.
Apologies to All - that's AGQ.