Well, the world is now focused on silver and noticing the worldwide demand and mining shortfall.
800 million oz a year seems maximum production and industry alone needs all of it!
So investors and industry must pay to get holders of silver to sell.
As well, Iran, Japan and Russia are in in big trouble financially, and buying silver hand over fist.
And the US is in total Chaos with inflation looking to roar as the fed keeps cutting rates and Trump keeps piling on his stupid tariffs, plus his insanity makes it so the world wants to get out of our bond market as soon as possible, which means they will start selling our bonds and that will put us in a word of trouble.
Trump is running even larger deficits than Biden, and we are having big trouble finding buyers for the long end, and the Yen carry trade is looking to end, and could be another big blow to the US bond market!
And I hear India, and China are big buyers of silver.
But maybe even more important, is when people see the price rise day after day, like in 1929, 1980 and the famous "tulip" bubble, they start piling on, AND there is a real shortfall in mining.
Industry alone needs the total yearly mine production, so investors will have to fight with them to get people to sell.
And the industrial use is so small, item to item, it makes it pretty inelastic.
We might see it move right up to $100 before it slows down??
Silver is starting to move like the second hand on a watch, and giving no entry to the shorts. |
