thrillathahunt
Silver Member
Silver is stuck at around $35 what's up?
It seems real comfortable right around $35. Why?
It seems real comfortable right around $35. Why?
Silver is stuck at around $35 whats up?
- Thread starter thrillathahunt
- Start date
Re: Silver is stuck at around $35 what's up?
Well its been anything but "comfortable" around $35 for those of us who are in the business to watch the stock minute by minute. In the last 2 weeks its been from $34 to $38 and the moves on a daily basis are substantial at times. Yesterday it had a low around $34.27 and a high of $35.76. That is definitely not comfortable, its quite volatile in fact. But yes it has been hung up in the mid $30s all month. One day the dollar is strong because the euro is weak so silver goes down. Then Bernanke speaks giving the US no hope and silver goes up. Then China shows some poor numbers and silver goes down etc etc.
The major issue in the world of metals today is--------The Dollar and the Euro are on a short path to collapse. Even if by some miracle these economies do not collapse, the inflation created by what it would take to keep the currencys from collapse, would still be so high people will look to invest in metals.
So where do peoples from europe, the U.S, or anyone depending on the dollar go with their assets if the dollar and euro collapse? Its the summer doldrums. People are unsure of what is happening, but id rather have some dollars and some silver/ gold to cover my butt both ways. A lot of people are getting on this same idea train and the available physical silver and gold is getting taken off the market. Its just a matter of time.---------------------unless of course the comex and fed change the rules again to suit their desires lol.
Well its been anything but "comfortable" around $35 for those of us who are in the business to watch the stock minute by minute. In the last 2 weeks its been from $34 to $38 and the moves on a daily basis are substantial at times. Yesterday it had a low around $34.27 and a high of $35.76. That is definitely not comfortable, its quite volatile in fact. But yes it has been hung up in the mid $30s all month. One day the dollar is strong because the euro is weak so silver goes down. Then Bernanke speaks giving the US no hope and silver goes up. Then China shows some poor numbers and silver goes down etc etc.
The major issue in the world of metals today is--------The Dollar and the Euro are on a short path to collapse. Even if by some miracle these economies do not collapse, the inflation created by what it would take to keep the currencys from collapse, would still be so high people will look to invest in metals.
So where do peoples from europe, the U.S, or anyone depending on the dollar go with their assets if the dollar and euro collapse? Its the summer doldrums. People are unsure of what is happening, but id rather have some dollars and some silver/ gold to cover my butt both ways. A lot of people are getting on this same idea train and the available physical silver and gold is getting taken off the market. Its just a matter of time.---------------------unless of course the comex and fed change the rules again to suit their desires lol.
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