It looks like silver has broken out of its downward triangle to the upside. And that usually indicates that we are going higher.
Of course, when it was up at $100, it looked like it was going to go up and up and up.
Are we now at the up and up part? Why were we not in the up and up part?
What is going on with this crazy world?
The probable reason that silver has not gone up and up and up is the war with Iran.
The war with Iran is really weird. The only thing that seems somewhat apropos is that the rumors of the war with Iran has been going on for so long it's almost a relief that it is here now. (I would really like us to stop having wars, but that would take exposing all the banksters' manipulations of the countries to go to war, and that would lead us right back to having a war with Iran and cleaning up all the below board money movement there.)
Anyway, the war with Iran has disrupted money flows or the rich and powerful. And this means that they have to dip into their reserves to keep themselves afloat. Selling silver and gold to make the payments. Has this come to an end, or has the demand for PMs gone higher? This is really a mess.
What is the worst is that the oil shipments are all screwed up. And they have been selling The US reserve oil stock to keep gas prices down. Which, very shortly, we are going to wish we had. Diesel is going to become scarce. Meaning shipments of supplies across the states are going to be messed up. (this may or may not effect the availability of gasoline. Gasoline is a by-product of making diesel, and has to be sold quickly.)
Diesel, and gas (probably) prices will be up over $10 a gallon. And this probably won't clear up for 6 months.
Although many have said that this war with Iran would be short. It is not. And the backup in supply movement around the world is getting backed up. So, the desire for things to get back to normal is not happening. Which means, more and more people will be switching to PMs as a means to preserve wealth.
And then there is the bond issues, that aren't being resolved. People were getting 0% Japanese loans and buying bonds elsewhere, but Japan is no raising rates, and so that will mean a lot of people unwinding their trades, which means a lot of downward pressure on The US Dollar and the Euro. Which means, more people running to PMs to save their butts.
I feel that we might see $1000 silver, just from people running to PMs when banks, bonds and the stock market seems unstable.
I see it coming, but i do not see it here yet.
It will be sooooo important, that silver won't be allowed to be carried across borders.
And the govern-cements will set the price for silver. A strategic metal, and they won't allow others to outbid them. Grandma's butter knife will be worth hundreds of dollars
A tube of 1 ounce rounds, which used to be $600, will be life changing wealth. Prices ending in four zeros. It will seem like madness, even to us who have been expecting it.
Sooooo, even if the price doesn't go up from people switching to Precious Metals, it will go up even more in the future.
Get some silver!
As we go forward into these turbulent times, many people will look for safe assets. And the one most people turn to is gold. The next is silver.
It is apparent that we are only at the beginning of the tumultuous times. If you wait much longer, there won't be any PMs at the coin shops. It will be all gone. It was all gone before, with lines all the way around the block. I see a repeat.
Get yourself some precious metals. Looks like they will go up faster than gasoline, so you can afford fuel for your car.
Also, buy food. Oil shortage will mean food shortage.
