Inflation

46,013 Views | 338 Replies | Last: 5 hrs ago by Werewolf
Werewolf
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Ag headed to $70 by the end of Dec and $100 by the end of Q1. What's the ceiling? Maybe $300?
Oldsouljer
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Werewolf said:

Ag headed to $70 by the end of Dec and $100 by the end of Q1. What's the ceiling? Maybe $300?

Nobody knows the answer to that without having a thorough understanding of number 46's supply availability throughout the world. But as to things that seem to have high probability, the charts for the miners, gold, silver, and platinum ALL point to the completion of a bullish pennant and a breakout to the upside perhaps as early as this week….in the case of silver, the BO from the pennant has already happened, actually.
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Werewolf
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Ag started last Friday, it has been said.
#Devolution #Expand Your Thinking #Eye of The Storm #TheGreatAwakening
Oldsouljer
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Werewolf said:

Ag started last Friday, it has been said.

Bing! $60 spot silver.

https://www.kitco.com/charts/silver
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Oldsouljer
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$62 now. The real issue driving silver is a perfect storm of the mask being ripped off contracts manipulation, a multi-year supply deficit that can't be corrected anytime soon, and the fact that the 21st century economy runs on silver in a way totally dissimilar to any other period in history. New mines won't likely be on line until the 2030s so expect price gap-up days in the future. One thing is for sure….if an ounce of silver ever equals just 1/10 of one Bitcoin at its current price, I'm retiring effectively immediately.
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Oldsouljer
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Silver still climbing like a Saturn V rocket….now above $65 per ounce…silver stackers must be in ecstasy.
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Werewolf
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Constitution money, and industrial demand..........a can't miss bet. My info is that silver mining won't likely trigger signficantly before we fiat-run out to 200 $fiat per oz.
#Devolution #Expand Your Thinking #Eye of The Storm #TheGreatAwakening
Oldsouljer
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Werewolf said:

Constitution money, and industrial demand..........a can't miss bet. My info is that silver mining won't likely trigger signficantly before we fiat-run out to 200 $fiat per oz.


Seems to be a lot of smoke out there about commercial shorts getting massively burned as parties take physical delivery….and there isn't enough physical to go around. Some consumers are trying to make deals directly with the miners themselves to assure supply. Hecla Silver's stock had as trading volume, at a mind-blowing 137 million-plus shares traded Friday. Something's going down….
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Oldsouljer
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Good discourse on where we now stand in this PM bull run.

https://www.gold-eagle.com/article/only-smart-investors-understand-about-gold
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Oldsouljer
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Gold is like a runaway train, reaching historic new highs tonight. Ditto for silver and platinum is probing a decade-plus high at over $2200 an ounce.

https://www.kitco.com
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Werewolf
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#Devolution #Expand Your Thinking #Eye of The Storm #TheGreatAwakening
Oldsouljer
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Werewolf said:



What will become evident in time is that the flood of folks looking to cash in their silver will diminish as they figure out that their silver is their life preserver going forward. Moreover, at the moment, .999 fine silver is in demand more so than sterling or constitutional, and relatively few people have that grade of silver in their possession.

Edit: platinum at $2200 is a seventeen year high.
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Oldsouljer
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Gold over $4500, silver flirting with $72, platinum roaring up $150-plus dollars to $2400. The metals haven't behaved this way since 1980, and usually don't unless something is very wrong in the world. Scary.
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Oldsouljer
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Silver and gold! It's the day after Christmas on the other side of the world and the precious metals rampage picked up where it left off yesterday….$75 silver dead ahead.


https://www.kitco.com
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TheStorm
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Peppermint!
Werewolf
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Oldsouljer said:

Silver and gold! It's the day after Christmas on the other side of the world and the precious metals rampage picked up where it left off yesterday….$75 silver dead ahead.


https://www.kitco.com

Still a good option from the folks I follow. Look for $125-$150 before the end of the 2026.

I think I saw $77 or $78 somewhere in SE Asia.
Oldsouljer
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Werewolf said:

Oldsouljer said:

Silver and gold! It's the day after Christmas on the other side of the world and the precious metals rampage picked up where it left off yesterday….$75 silver dead ahead.


https://www.kitco.com

Still a good option from the folks I follow. Look for $125-$150 before the end of the 2026.

I think I saw $77 or $78 somewhere in SE Asia.

Increasingly I'm thinking it's less of an option and more of a must. If you value your hard-earned savings, that is. That price you're seeing in Asia is what is breaking the suppression mechanism in the West. It's amazing to me that an ounce of silver with its intrinsic worth, whether it be $30 or $75, is more affordable than the $85,000 electronic quanta that is Bitcoin. Perhaps one day, their roles will reverse.
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Werewolf
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Extensive industrial uses of Silver make it a 'can't miss' option. The fiat dollar has one outcome, no matter who's in charge of it.
Oldsouljer
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Werewolf said:

Extensive industrial uses of Silver make it a 'can't miss' option. The fiat dollar has one outcome, no matter who's in charge of it.

That's the thing that even I didn't pick up on until about three months ago, and I've been a PM fan for years! Silver is the oil of the 21st century and there's relatively damned little of it to go around, when you think of it that way. Many new millionaires will be minted out of those who've stacked number 47 for years. Wish I had more of it, but like I said, until now, I've only thought of Ag as an inflation hedge and also as a bit of a numismatic hobby. Ditto for platinum. Someone gave me $400 for Christmas and I immediately bought a 1/10 ounce platinum Maple Leaf for my trilogy of British commonwealth 1/10 ounce Plat collectibles. Here's the mind blowing part….just a year ago when Pt was under a kilobuck, I got a 1/10 ounce Britannia for just $70-80. Today, you need $350-450 to buy one.
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Oldsouljer
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I'm not a young man….but never in my adult life did I ever see silver exceed $5 an ounce in a single day.

https://www.kitco.com/charts/silver
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Werewolf
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Oldsouljer said:

I'm not a young man….but never in my adult life did I ever see silver exceed $5 an ounce in a single day.

https://www.kitco.com/charts/silver?

The City of London (the Banker city) is essentially out of Ag. Could you ever have imagined!

Trump will accomplish two major things before he leaves office.

1. Honest elections here in the US.....and set the standard for the rest of the globe
2. Honest money here in the US..........we're going back to Constitution money (Au and Ag).

Oldsouljer
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Werewolf said:

Oldsouljer said:

I'm not a young man….but never in my adult life did I ever see silver exceed $5 an ounce in a single day.

https://www.kitco.com/charts/silver?

The City of London (the Banker city) is essentially out of Ag. Could you ever have imagined!

Trump will accomplish two major things before he leaves office.

1. Honest elections here in the US.....and set the standard for the rest of the globe
2. Honest money here in the US..........we're going back to Constitution money (Au and Ag).



Number 2, while needed, for is going to cause a massive asset dislocation with as yet not completely foreseen consequences.
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Werewolf
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It will be 'wild' to see how this 'crashing airliner' is landed. There is a plan!

I'm guessing part of it will tie to Trump's EO 13848 and EO 13818
Werewolf
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Werewolf said:

It will be 'wild' to see how this 'crashing airliner' is landed. There is a plan!

I'm guessing part of it will tied to Trump's EO 13848 and EO 13818......ie confiscation of wealth/assets.

I'll venture out on a limb and say that Canada could bet a casualty......for the British Royals.
 
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