As prices continue to crash, buyers are becoming scarce. It's not fun buying silver only to see the value drop the next day. The lower silver goes, the FEWER buyers their will be, and the larger the silver oversupply will grow.
Tulving has silver for .49 cents per ounce
reduce driving by 50%
reduce vacation spending by 50%
reduce frivolous purchases by 50%
= KILLS oil demand
World Economies Can't Afford Oil above US $70
We've reached PEAK OIL-DEMAND, even while finding more and more excess oil supply.
Prices (temporarily propped up by Ben Bernanke encouraging speculators) will be FORCED to crash, one way or another. Current too-high prices are killing world economies and killing demand growth, while those current too-high prices have stimulated too-much exploration and too-much production.
Peak-Oil isn't a problem.
Peak Oil-Demand is the real problem for oil.
We're heading down to $70 (and lower) one way or another, as Ben Bernanke's attempts to prop-up the economy, fail sooner or later.
Don't forget that current producers like the mega-giant BP can produce oil for $13.91 per barrel, so prices have a VERY long way to fall before production is curtailed
As the economic slowdown gets worse, oil prices will plummet. Prices can approach the Cash Cost per barrel before producers stop producing.