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iShares Silver Trust Message Board

  • ext4r ext4r Jul 8, 2013 1:12 AM Flag

    Oil $150 five years ago, $115 two years ago, now $103 and falling

    that's the opposite of inflation..... AND oil prices are preparing to fall VERY hard in coming weeks and months

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    • I recall you had a positive correlation between SLV and OIL (5/9/2012)
      SLV will be in the teens when oil price goes lower.
      SLV @ 16-20 but oil prices now about 98, not 70-74

      "Silver (like many commodities) is greatly influenced by oil prices. Here's the oil/silver price relationship table that I've posted many times in the past.

      As higher oil prices KILL the consumer-driven economy and drive us into a global slowdown/recession, we'll CONTINUE to see oil prices drop....It will be brutal for silver."

      Oil $105 - $110 = Silver $31 - $33

      Oil $100 - $105 = Silver $28 - $31

      Oil $95 - $99 = Silver $26 - $30

      Oil $90 - $94 = Silver $24 - $28

      Oil $85 - $89 = Silver $23 - $27

      Oil $80 - $84 = Silver $19 - $24

      Oil $75 - $79 = Silver $17 - $22

      Oil $70 - $74 = Silver $16 - $20

      Oil $65 - $69 = Silver $14 - $19

      Oil $60 - $65 = Silver $13 - $17

      Oil $55 - $59 = Silver $11 - $15

      Oil $50 - $55 = Silver $10 - $13

      Oil $40 - $50 = Silver $9 - $12

      Oil $30 - $40 = Silver $8 - $10

      Oil crashed to $33 and silver to $8.xx just 3+ years ago in the last recession. (gold crashed to $700)

      Oil/commodities demand is dropping in our global slowdown. Expect any bounces to NOT BE SUSTAINABLE and expect to see oil/silver prices continue to drop. How low we go will depend on the depth of the global slowdown/recession.

      If you think the planet is recession-proof, you're dreaming.
      If you think silver prices stay high in recessions, you're dreaming. Silver crashed to $8.xx in the last recession 4 years ago.

 
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