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Silver Thoughts
As I mentioned at the end of our conference call, I think buying silver futures (or if you wish other forms of silver) is very timely.
Why?
Because the near term silver chart has just broken out on the upside:
https://futures.tradingcharts.com/chart/SV/W?anticache=1595452448
and just as important silver remains far below its all-time high (unlike gold):
https://futures.tradingcharts.com/chart/SV/M?anticache=1595452453
The ‘last-gasp’ ability of the government to push silver futures prices down dramatically @ 40% in March has reversed and now the remaining silver shorts are panicking. (JP Morgan is probably the biggest panicker). I suspect the prospect of another huge printing of money by the Federal Reserve is the trigger; plus the announcement by the Sprott group of an enormous silver buy.
Anyone wishing to consider this can check le metropole café which (note has a free two week trial subscription)
To view my blog homepage, The Occasional Speculator, and read all of my blog posts, go to https://theoccasionalspeculator.substack.com
Best
Bob