Replies to post #31482 on The New CS Board

[nowwhat2]

So something like this should just be considered "an opine" ?


It's a 10-day 25 % upside move which (according to some) charting could never have anticipated or predicted....Unreal.








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[jumanji0881]

re: Silver deficit -
I think it means that not enough silver is being mined to replace the amount being used.

[Oddlot]

Nowwhat: "accents" aside, the economic situation is standard but not clear. Cost of production, including finding cost is approx $25/oz on average, so production continues and some mines extend operations near existing locations, but wholesale prospecting is not done. Stocks are slowly reduced, and recycling is cheaper than production. But eventually, price has to approach the cost of production.

Use of silver is related to worldwide growth of electronics/products. Global conomic slump may slow growth of consumption and result in supply/demand balance occurring at a later point, but it eill happen.

My guess is that a pending global recession will thwart the big move, unless the dollar moves substantially to the downside, and/or fear of such collapse becomes mainstream.