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Re: adamp post# 3103

Wednesday, 04/26/2017 4:45:02 PM

Wednesday, April 26, 2017 4:45:02 PM

Post# of 6921
I guess I disagree. The same "experts" screaming "rigged" markets were the ones telling people to dollar cost average into a bear silver market, ultimately causing great financial losses to a lot of working class people (including myself)

In 2011, silver prices skyrocketed into crazyland. Silver miners were making insane profits and the price was way above the historical average for the commodity. I believe that markets move in cycles, and that these crazy low prices are a reflection of what happened in 2011. $50 dollar silver was not normal.

Many silver miners were able to turn a profit in 2016 (though small) at an average price of around $17.00. I think those profits will increase greatly in the next couple of years.

Please don't attack me. I am just expressing my opinion (from someone who has followed the silver market for a long time as well) that maybe we can make okay predictions about the price of silver going forward. Just sharing my opinion.