Not in this. Just wondering.
SP500 may test lows of February (around 1810) in next few weeks according to master technician Bo Polny, who has called all the recent moves in the markets very accurately. SP500 could be below 1400 by October, maybe far below Polny says.
Polny called for a snapback rally after Brexit. Check. Happened. Now Polny says get out by Friday & get short the stock markets and keep buying silver & gold. Polny says July will be a historic crash in most stock markets. Megaphone formation and a wedge--terribly bearish.
The hobo wanted a silver eagle instead of $2. Two dolla ain't what it used to be. The new nickle.
I'll drop "china rackets" a fiver when he is begging on a street corner. Or maybe not.
With that $50,000 cigar lighting paper, a multibillionaire can buy at today's price almost 2,500 ounces of silver. They will. But the average billionaire will buy 250,000 ounces, or 2,500,000 ounces. It won't take many such actions to deplete the stockpiles.
Anything can happen when you have fiat currencies, and the megarich are underowned in silver & gold. $500 to a multi-billionaire is like a penny to you and me. It is nothing.
Only sell at $100 if over 50% of your assets are in silver. Also, if the currency is doing a Weimar-Zimbabwe hyperinflation, keep buying silver. It could hit $500.
"Sold 44 ounces fro every 1 ounce they have". Sounds like the fraud the crooks in "The Producers" pulled, selling the 1,000% of rights to their play to little old ladies.
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,