Silver is a by product and the the price of precious metals is forcing mines to shut down due to insolvency. The piper will be paid for this dislocation in price I just can't tell you when.
When the economy is doing iffy people tend to move to silver (ETF/physical). They don't trust the American currency. That is why I am here. We have almost 19 trillion in debt with 100 trillion per year going out to social security, medicare,unemployment, etc. We just do not have the money. The reserve is not that far away from not being able to print money ANYMORE on a whim. Silver is another avenue to barter. China is only 11 months away from being a reserve currency. 10's of billions of dollars could switch hands from American money to the Yuan. There is a rumor (found it on youtube) that silver is poised for a big run in the summer (June). It will eventually go higher than the summer but in the mean time I think this will hit much lower. That is what I am betting on.
Never said that. Never was one for cause and affect. The economy is not booming, the FEDS want us to believe that. When the economy is weak silver tends to pick up a little. The collapse in store for our economy (maybe even globally) will only strengthen the demand for silver. The only problem now is the mining for silver is much harder now because of the low silver prices. When demand gets higher than the supply that could also temporarily make silver go up.
so essentially the economy is booming because silver is making new lows?
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