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Thursday, 07/23/2020 10:48:19 AM

Thursday, July 23, 2020 10:48:19 AM

Post# of 35757
July 17 silver was $19.50 and took off. Spiked to $23 on July 21st but couldn't hold it. Been much more volatile last three days with violent spikes up and down. The big question is whether this spike is going to hold or will silver step off the high board and do a 1 1/2 into the pool.

I'd guess a consolidation period with silver chopping around 21-23 before we have another move higher. Whether the FED will announce any more money printing is questionable before the election. Probably depends on how bad the economic news is. With some states having to restrict again, the harsh reality is going to start showing up. Layoffs will become permanent and more small businesses are going to give up.

Trump hasn't been selling his intentions correctly. He needs to lay the truth out there. He isn't ignoring medical advisers just because he's dumb, he's trying to walk the line between bankruptcies and deaths. It's not a good situation for a leader but he has to present the facts and let people know that we have to keep the economy moving or else. He needs to be a leader and tell people that there are hard decisions to be made and here is his plan. Maybe he doesn't have a plan. I don't know.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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