Silver Investor Community Discussion Forums - SilverSeek.com - Silver Market
As most of you know me and my prediction from the 2008 finacial crisis, i pretty much got it right. I wanna hear how high you think will it go by the end of 2020?
It may seem hard to believe this fact, but when using US dollars, that peak silver price from February 1980 of $49.45 has the same buying power as $161.20 in November 2019. https://data.bls.gov/cgi-bin/cpicalc...2&year2=202001 I'm fairly confident that the government calculator is under representing the actual inflation rate, but let's go with the...
26548 ÷ 15.24 = 1742 DJIA divided by silver spot price equals the DSR. It looks like the the current ratio is slightly above the blue line shown on that 200 year chart. So as strange as it seems, perhaps we silver stackers should pull for the Dow Jones Industrial Average to help support the silver price? I notice that 200 years ago it...
This gold breakout looks interesting. It cleared a lot of this multi year resistance. Things will get interesting. Seems like the gold market is possibly pricing in an eventual rate cut, fueling a gold bull market. Unfortunately, silver doesn't seem to be confirming this breakout, but things are at least starting to turn bullish.
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