$1100 is correct.. Which means mines will slow production in turn reducing supply. I would assume the price would rise on supply shortages but there is a disconnect from the paper price and physical price. Silver premiums are at 20%+, 20+ day back orders or they are completely sold out. Check out any metals dealer
So you're saying miners are going to close the mines and shut down operations... You're a comedian
Gotta admit, I thought u were crazy... Good call
Still an unwarranted drop. This is purely paper manipulation through naked shorts
Of course because its a buy at $10 as well, and will continue to buy if continues to drop. I'm not looking to be right over a 3-6 month period. I don't care if you short, congrats you have been right in the short term. When gold goes to $2000+ in the coming 18-24 months will you still be short? When the cartel flips long watch out!
In the long run you will be wrong, no doubt about it. Enjoy the short term "success" (imaginary wealth).
Run it's course as a safe haven??? That's why central banks are buying hand over fist...It's obvious Manipulation of the paper price so the cartel can acquire more physical. Demand for physical is there. Gold is not an investment or commodity, it's money, plain and simple. Ill buy now and at $1250, makes no difference to me because its money. The USD is on a 100 year decline and will go much much lower. This ends in tears for most, sad to day.
Sentiment: Strong Buy