Very bullish for silver.
Few people understand how the COT works.
A 1-2% GDP is not the means to address $19.4 trillion in debt.
The entirety of GDP growth is debt driven.
Arguably, because of the debt problem, we are in bad shape.
You cannot exit a debt problem without calamity.
We are in the worst shape possible.
It's growing worse.
Record commercial short positions preceded prior rallies.
Extreme short positions by commercials are extremely bullish despite what you and matx believe.
When commercials are all-in short, there is only 1 direction silver can go.
The leverage of hedge funds overpower what commercials can do at this point.
This is a good and objective observation. The billionaires play it safe and hawk their products and there are too many amateur pumpers that are distractions from objective posting. I can see that less than 10% of people have a chance of being objective, which follows the statistic that 95% of the population is in denial. There is also a herd mentality of acting too late. The good news is that the fundamentals and technical factors are favorable for silver. It is human nature to pump an agenda. The greater the volume of posting the greater the agenda a person has.
Banks will profit from any move in silver up or down. They own physical, they own the warehouses, they hold SLV. Follow the smart money or stay 1 step ahead of it.
Anyone who forecasts a price in a time frame is a fool.
New is hardly better anymore.
Hope they keep the old format.
The longer the period of time to avoid addressing it, the greater the catastrophe.
With a capital T. :-)
Do you know how long it takes for the government to spend 1 years worth of production of silver?
They could buy 200 years worth of silver in a day.
Soon, it will be 6 minutes.
I see TROUBLE ahead.
Yes. No offense taken. Your observation are noteworthy for all to remember.
My point was the surge in price and volume often preclude news or an event to come that insiders seem are privy too.
Thanks for your enlightening comments.
The price and volume are accelerating upward wlo news.
This tells me that something has leaked to insiders that will be announced later.
They get their opportunity to buy before the news.
Friends and family discount.
Happens with every stock, just about.
News likely to come favorable to PIP.
Y = C + I + E + G
Y = GDP
C = Consumer Spending
I = Investment made by industry
E = Excess of Exports over Imports
G = Government Spending
The final component is G. The government buys (with your tax money) goods and services (G). These purchases are a measure of those goods and services produced.
They changed the definition of GDP to include deficit spending (government spending).
If you take that out, the GDP is negative. This is for real.
Deficits = GDP (that you can look up)
We are boiling frogs of the highest order. Yes, slow motion wreck ahead.
At some point, unfund liabilities will not sound like such a good idea.
The question is, who will feel the pain first?
The GDP has grown by an average of $0.5 T per year for the past 6 years of the recovery.
The debt has grown by an average of $1.1 T per year for the past 6 years of the recovery.
When a recession hits GDP turns negative and debt grows closer to $2 T per year.
The entirety of any perceived recovery since 2009 has been funded by debt and can only get worse.
The US and the world economy can be argued to be in the worst shape possible based on what is going to happen when debt is unwanted, and recession occurs again.
Silver should have a 5 year rally. When the debt becomes real, which sadly it is not, there will be a move toward metals. I guess we are seeing that now.