Looking at the chart I posted in #261 (As we exit 2016 $Silver still in a bear market for silver) I had this thought...the 1980 peak in silver was followed by a bear market that lasted until the final low of $3.51 in 1991. A new bull started here, Wave 1 and ended at $7.40 in 1998( the Warren Buffet peak). Then corrective wave 2 ended at $4.01 in late 2001. Then wave 3 ended at $49.82 in April of 2011. Then corrective wave 4 ended at $13.62 in December 2015. We are now in wave 5. I know there are measuring tools with Elliot wave to guestimate where wave 5 will go to but if it is about equal to wave 3 then we could see silver at $130 to $150.
Silver supply/demand historical and current
Wave 5 =
equality to wave 1
wave 1 x 1.618
not exceeding wave 3
five completed sub waves
when wave 5 contains an extended wave 1st 3rd or 5th that makes a total count of nine for the total wave five
volume and momentum divergence against a higher high at wave three top, can help to locate the top of wave 5 whereby volume and momentum make a new but lower high
and a failed wave five (no new high over the third wave top) might top at 0.618 x wave 1 (but have a fully complete internal count)
But is there an updated USGS report about how much silver's left in the earth's crust? Last I saw was 2004/05 report.
Bang goes another bs tactic of talking about the massive supply deficit then.
Massive decline in silver as an investment, massive capital flows into cryptos and even people now openly stating sell your silver buy crypto.
This portends to either a new bull run or much more likely a steady continuing decline in price.
Mr Andy buy silver but now f that get crypto you mean?
I know what is happening alllllll of the retailers are getting subsidised to sell silver at low premiums to create the illusion that supply isn't super tight when really demand is INCREDIBLE, that must be it!
Silver is heading to $100 next month I tell ya buy all you can while you still can Harvey Organ would agree unless he has dumped his pumping now too
Oh come on daveyboy, with all those manipulative speculators moving out of silver and in to cryptos the True Price Of Silver can be discovered. Just what we’ve all been waiting for, right?
Harveeeeey come back.......
If all else fails double down on meaningless emotive descriptions like "tremendous demand" keep them hanging "impending" tap into people's spirit so a 20 cent is labeled a "fight back", a day or 2 or where prices rise before is a "tremendous surge" and when price withers, stagnates, slides "price means nothing" "you have lost nothing" you are the victor here and right you can buy more silver at spot price....why at spot price? you don't need to be worrying about that sir/mam