And I would imagine they're fresh out of paper dupes.
What's interesting is that 20% more silver was gleaned from scrap in 2005 when silvers price only averaged 7.31. Either all the low lying scrap fruit is gone, or it was more profitable in 2005 at 7.31 than it was in 2014 at 19.08 because of all the inflation from money creation. Another takeaway from last years data was zero government sales for the first time. I would imagine governments will start buying if they haven't been already.
People will gravitate towards what's worked for 5000 years as a store of value.
have to be priced according to its historical worth.
Just remember when I say, "I told you so."
That 12% could be gone if they raise interest rates by a quarter next month in a knee-jerk reaction but that will also be the last best chance to accumulate physical silver. I think they'll raise because the markets already done so anyway, it's a safe play for now. Then the market will lead them to raise again and again 3 times before it's realizing the economy is collapsing, then who knows what. Just my opinion.
The earnings haven't been adjusted yet.
There's just not enough to go around, at any price.
At the same time the mint had the lowest mintage week I've seen in years outside of when they've actually halted sales. Very strange that the mint has averaged 800,000 Silver Eagles a week since the beginning of the year and then to drop by 75% and gold too, just a trickle, looks like something's up. I'll bet we see silver and gold really ramp up next week. Just my opinion..
everything to prop the market up, scary times indeed.
You knew that was coming.
Looks like silver is heading up now, like I said.........
That's what I've been saying and silver is going to break out a lot more then that. Just my opinion.
while. I'm thinking 22-23 by mid September. Just my opinion.
Probably because they have 270 million in cash and they're sitting on tons of buried treasure that isn't even close to being valued correctly yet.
CDE was 7.00 in 01 and went on to 70.00 in 04, I think it's goes higher then that when silver goes to where I think it goes.
CDE should have a banner year as I expect much higher silver prices this year.
Silver is still outperforming the S&P 500.
Naysayers must be nervous tonight, 3 thumbs down in minutes lolol. China slashing rates, Greece on the cusp of getting cut off from the Euro, and incredibly resilient silver demand. Silver is going to shoot up like a rocket and I'm gonna hold on tight smiling all the way up.
One of the biggest misallocations has been the mining sector where 75% of silver comes from as a byproduct.