In technical chart terms, silver has formed a pennant--slight down/sideways move after a big spike. Pennants are almost always bullish, and the next big move is up. I think silver gets above $20 on the next spike,, maybe even $23-26.
1. Venezuela is dissolving into chaos. A shutdown in oil at least for a while is not out of the question. Strikes are possible. Also trouble in Nigeria.
2. U.S. shale oil production is falling preciptously.
3. Tensions in Middle East could ratchet up.
Like I said, oil bears are taking a HUGE risk.
Just a correction, but a brutal one. If this happens, DUST could easily hit $12.
That could cause some selling.
The gig is about up for the shorts. The silver is not there to eliver. They are furiously selling paper silver to epress the price, but all they have to show for all the tape painting is a tiny drop. Shorts, cut your losses or face catastrophic losses.
Source KTLA, bank ATMs unavailable and balances not available. bank attributed it to "processing delays". Uh oh, this is how it starts.....Greece the sequel?
I doubt he is still short--busted long ago. This is all muscle memory for him, posting nonsense just out of reflex.
I wonder who? Gates? Soros? The Russians? The Chinese? Interesting the way they can't push it down much the last couple of days. Fiat currency or silver/gold...the answer is easy at zero rates (no carry cost) & almost record low prices adjusted for the price level. Better get some physical before the next spike up soon.
Sentiment: Strong Buy
Shareholders are not happy. With the potential greatness of Twitter, they should be happy. Twitter is Secretariat, who should be leading the social media by 20 lengths. I never use Facebook. I always use Twitter & all the big movers & shakers do. You never see Carl Icahn or Trump on Facebook. NFL chooses Twitter. This can be a $50 stock or higher with the right team. They could be kicking Zuck's tush with the right team!
Polny interviewed by Greg Hunter. Polny has an excellent track record calling moves in silver & stock market. Polny sees new high in silver above $50, perhaps as early as late July, and over $100 by December on dollar crash. Gold/silver price ratio will fall to perhaps 20/1. Polny says silver is only 10 times more common than gold in crast, so 20/1 is easy to achieve,
Or more. Monday was a fake out.