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Here We Go: Silver Waterfall In Progress
Silver Doctors
After consolidating near $23.70 throughout this morning’s Asian trading, silver has again been hammered by the cartel, with the first wave of selling beginning shortly after the London open, and culminating in a classic vertical waterfall decline taking the metal nearly back to $23 on the COMEX open.
The move has broken silver out of its nearly 3 week long trading range of $23.30-$24.50 to the downside, meaning a re-test of the correction low at $22.005 is now entirely possible.
Reposted with permission.
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dont sell off your metals, this is a scam, who cares what they say its worth its worth more than paper and ink, besides those prices are meant for paper silver and gold not physical. soon as you trade it for paper, paper will fold up and you wont have jack*&^%… hold and buy more if you can
A good time to buy more.
It’s only the paper contract price, not the physical price, to prove this, go look at ebay. The world is running out of physical precious metals to sell. Switzerland can’t even keepmup with the global demand.
This is a paper raid, not a physical sale. No worries.
The spot price should only be referenced to when your buying this wonderful dip. DO NOT SELL 1 OUNCE or they win.
Weimar Germany Gold & Silver Prices
Date Jan 1919 SILVER 12 Gold 170
Jan 1920 Silver 84 Gold 1,340
Jan 1922 Silver 249 Gold 3,976
By Nov 30, 1923 Silver was 543,750,000,000 and Gold was 87,000,000,000,000
with that in mind I think it would be wise to have a bit on hand just in case. Fiat currency always goes belly up.