A new reader is here and I was replying to him. He has been listening to the metal salesmen and believes that silver will be 30 dollars. I don't think he understands that the market is controlled with SLV futures. I don't think he has been following along.
I do not think that he understands the settle prices and contracts.
The metal salesmen do a great job of making people believe that silver is going to break out. However they never explain about contracted silver prices that are set in the future.
If contracts were made today 1 year in the future the price to settle would be 23.89 in Dec of 2024. That is less than 30 dollars.
Education is the key. I could use your help teaching this to the new readers. There is a way to make money with this system. Being 100% long will not do it. The silver market goes up and down, then up and down and it continually repeats. And you know why.
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