BREAKING: SAUDI TO INVEST $10B FROM THEIR SOVEREIGN WEALTH FUND INTO SILVER
$1000 IS IMMINENT
"The suspense is unbearable! I hope it lasts"- Willy Wonka.They did tonight. It shot up to 84.90 then got slammed to 75. I just looked and it was 78.30. On its way back up. It’s going to be volatile for a few days. The Bankers last stand.
The real question is- When will the powers-that-be tamp down the run on Silver? We know it's coming eventually. Originally Posted by DrivesAllDay
Here’s the part that should terrify you: China locks silver exports in 72 hours. January 1st. Export licenses only. They control 70% of global supply. Originally Posted by bambinoChina currently produces around 13% of global supply. That's roughly the same as Peru, but way behind #1 producer Mexico which supplies nearly 25%.
China currently produces around 13% of global supply. That's roughly the same as Peru, but way behind #1 producer Mexico which supplies nearly 25%.They have the largest refinery capacity. DUH
So no, China doesn't "control" 70% of global silver supply. Originally Posted by lustylad
Interesting....I saw a big pullback, but who knows where silver copper gold and platinum will be at in 60 -180 days. Some are claiming gold will be above 7k by next 12-18 months. Which is about 75% up price vs maybe another 45-50% for silver. The platinum play is for emissions and jewelry...so likely only 20-25% upside. Copper, will be a wild card...but not big % changes. Originally Posted by eyecu2“Big pullback”? Hardly. The banks threw huge shorts at silver. It went “back” to $72. Which was an all time high last week. The shorts failed. Because silver on the Shanghai exchange was $80. The COMEX is a paper, derivative market. Shanghai is a physical market. You can’t build the future on paper promises. You need physical silver.