FA welcome, good to see you at USA U.S. Silver :-)
my silver view is on the LT longer term -
the LT term trend is my friend - for the future -
on the shorter term the manipulators may temporarily - get the LT picture distorted - but the more manipulation the higher it will FLY - ex... Silver Price Report: How China Will Drive Silver to $100s
Silver is up over 44% in the last nine months. But thanks to a new campaign by the Chinese government, silver is about to take off higher. Much higher. Here's how to play silver for a "triple" this year...
Once upon a time, the Chinese government forbade ownership of all precious metals.
But now, the ban has been lifted. In fact, China Central Television is running a campaign encouraging the population to invest in silver.
That means a billion potential new silver investors hitting the market. This is especially significant when you consider the average savings rate in China is 30 to 40%.
But the flood of new Chinese silver investors isn't the only factor driving up silver prices. The increased use of silver in everything from solar cell technology to medicine is pushing up prices as well.
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