Silver only hits Bottom in Commodities Selloffs... Bottom is a Long Way Down
Silver only hits bottoms during massive Commodities selloffs in recessions.
Silver crashed from $21 down to $8 in the last commodities selloff/recession in 2008
Silver crashed down to $4 in the previous commodities selloff/recession in 2001
Silver only hits bottom when oil, copper, and other commodities plummet in market downturns
We could easily see prices fall to the $4 - $8 range in the coming general market plunge
extreme.., Might you be missing the forest for the trees?? Let me help you view your silver selloff milestones from different perspective:
- From 1987 to 1989 silver sold off from a high around 10.80 to 5.00 or about 58%
- From 1998 to 2001 silver sold off from a high around 7.80 to 4.00 or about 49%
- In 2008 silver sold off from approximately 21.00 down to 9.00 or about 57%
- From 2011 to 2013 silver off from a high around 49.00 to 19.00 or about 61%
Do you see a pattern? Probably don’t need to tell you when you wanted to buy. Also recommend you do a bit more DD with your $4-8 spot silver prediction. If that came to pass, we would have a global economy and chaos neither one of us would want to live through and the cartel couldn't survive it. GLTU!
Whatever you're saying doesn't change the fact that silver crashes HARD in commodities selloffs in recessions/market selloffs. If we hit a strong market bump/economic bump, oil could crash to $50 or lower and silver to $8 or lower.