ASD, I am enjoying and learning from your posts.
I believe it was you who was saying a few months ago to watch silver go to $ 16.00/oz and I was saying to myself that was a radical assertion.
Well, here we are in the low $15’s/oz., so I am all ears to what you have to say.
You’re welcome.
Silver has a number of characteristics that IMO make it problematical “going forward” as the pundits like to say. When I first starting trading silver it went from 4.50 to 5.50. That took over a year. Then, 6.50. Over a year. 7.50, over a year. 8.50, over a year. It LOVES round numbers. Once it gloms onto $15, IMHO, it could be one hell of a long time before it does *anything*...though it won’t mind going to $12. And then, four years from now, when everybody is completely bored to death, doesn’t care, hates it that they bought $43 silver, it will move to $18 in 2 days, and every stupid conspiracy theory that I have had to listen to over the past decade will get trotted out again.
I am only halfway serious, I think these metals will do absolutely nothing interesting for a sickeningly long time.