Inflation

45,672 Views | 327 Replies | Last: 16 hrs ago by Oldsouljer
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.
CALS grad

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