silver is funny metal for sure. Your scenario is also there. As you say, why not a covid silver response? Do we get a deflationary event?
That is always the key with silver. You may be right, I thought of that.
But if I must choose.
Fire and Ice
BY ROBERT FROST
Some say the world will end in fire,
Some say in ice.
From what I’ve tasted of desire
I hold with those who favor fire.
But if it had to perish twice,
I think I know enough of hate
To say that for destruction ice
Is also great
And would suffice.
___________________________
my thinking is that the market recently did that, just 7 months ago. And the fed is quick with the cash the second time around. In truth, the reason metals get crush in these one off events is that markets look for cash fast, to cover positions that have been built up to the sky for long periods of complacency. That was the deal with the GFC, in 2008,2009, and this year with Covid (although it would appear they are coming with greater frequency). The lesson peeps learned, after this year's liquidation, is that you are ok in times of fear, to hide in gold and silver, at least that is my theory.
I prefer to see this more as 2001, where, once again, the market was crushed after years long complacency with the tech/internet bubble burst....and at that time, as you will recall, precious metals also got crushed, but there was not a second time. They got crushed precisely once........as people out of fear and hysteria or to meet leveraged, sold gold and silver, but there was no second time.
my 2c. ....We had our event this year, and probably for a long time. probably
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