Replies to post #36932 on iShares Silver Trust (SLV)

[AlwaysRed]

A glimpse into the near future.

As you know when the dollar falls the metals rise. They have it rigged that way.
When they cut interest rates the dollar falls.

Here is an article about a possible Sept rate cut:

https://www.zerohedge.com/markets/jpmorgan-change-fed-call-after-miran-appointment-now-sees-september-rate-cut

This possible rate cut would cause the price of silver to rise.

However, there are silver deliveries due in Sept.:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

They will want the price down in Sept to fill contracts. They are already dealing with Sept contracts and moving many forward to Dec.
(Remember after Sept deliveries there are no deliveries for 3 months until Dec)

So what will happen?

My bet is still that the price of SLV will SMASH the silver price down leading up to and during the month of Sept. Watch those contracts.
ZSL will be my friend towards the end of this month.

But I will have it on a short leash and will be watching the FED very closely.

If they cut rates gold and silver will move up sharply.

If they are indeed going to cut rates 3 times.......We could see 50 dollar silver.

Fun times ahead and a lot of money to be made in the near future.