Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category

S W
Member since May 2012
668 commentaries - 5 followers

5 followers

has posted a comment on the article :

Five Years That Changed Silver Forever - Theodore Butler - Butler Research

I will assume that TB's analysis is correct.

But what does it mean? He is claiming that this is very bullish for silver prices.
In fact prices may rise for any number of reasons,however I am sure that i have mentioned before that I am not seeing that yet and therefore i caution people to wait till at least a weekly close above $16.36 because there have been numerous times in the last several years where weekly price closes have not hit a new high.

There is not going to be a shortage of silver with 777,275 tonnes of silver still in existence (somewhere)!!!
JP Morgan's holding is minuscule by comparison.

My advice...buyers beware.

Commented 3151 days ago

Send

Beginning of the headline :Ask any casual observer of the silver market what happened to the metal over the past five years and youâ€™re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows â€“ a stunning decline of 70%. If you inquire further, youâ€™ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation rates, and the collapse of the commodities markets... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis