Jun. 24 at 12:42 PM
$SI_F $AG even if #silver touches the
$50, i simply cannot imagine it staying there for any serious time. it will be just touch and go to satisfy the trading machines that run on pure technicals. i could easily see michael oliver's prediction coming true once these technical shenanigans are satisfied, switches flipped, flippers switched and off we go to the reality of scarcity. the cheaper the metal gets, the better it is for traders to buy in the west and ship to the east to get 10% premium in china or even 30% in india. manufacturers and big industries have no reason to not buy at these hugely discounted levels because they risk missing on this price action and having to buy with 50% or more premium yet again. heck, i could see some humongous buys at these levels to stock up for years to come from some big players that had not yet made off-take deals with miners.