jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
By now most silverbugs have seen or heard of the movement that began earlier this year which is trying to squeeze the silver shorts. Most of this comes from wallstreetsilver which is on reddit.
I believe that this "movement" will be the catalyst that drives the price of silver upward to new highs. What will help this price movement is also tremendous amounts of new gov debt/money printing, high value levels in most all other speculative assets like home prices, stock market, bitcoin, beanie babies and more. All assets move in cycles and silver now is the only one I can think of with prices lower now than in 1980. Think about that. Gold and other metals are far above their 1980 prices. Why isn't silver? Especially considering how much silver is needed in industrial applications. And I'm only taking nominal dollar value (not accounting for inflation).
What is interesting to me is when I lurk on other PM blog sites, I see roughly 90% of posters poo pooing this movement and making cracks about the buyers being somewhat foolish. Now this is coming from folks who most likely listened, followed and believed the silver pumper pundits who've been wrong since 2011. But now these silverbugs are smart and enlightened and won't be fooled again by these new silver bugs who are buying silver with religious fervor. The wallstreetsilver site even raised over 100K to buy billboards in certain places to promote silver buying.
If these new silverbugs (and old ones) keep up the buying like they have been, it is just a matter of time until we see $30+ silver as a new floor for prices. We will see $50 silver this year.
I believe that this "movement" will be the catalyst that drives the price of silver upward to new highs. What will help this price movement is also tremendous amounts of new gov debt/money printing, high value levels in most all other speculative assets like home prices, stock market, bitcoin, beanie babies and more. All assets move in cycles and silver now is the only one I can think of with prices lower now than in 1980. Think about that. Gold and other metals are far above their 1980 prices. Why isn't silver? Especially considering how much silver is needed in industrial applications. And I'm only taking nominal dollar value (not accounting for inflation).
What is interesting to me is when I lurk on other PM blog sites, I see roughly 90% of posters poo pooing this movement and making cracks about the buyers being somewhat foolish. Now this is coming from folks who most likely listened, followed and believed the silver pumper pundits who've been wrong since 2011. But now these silverbugs are smart and enlightened and won't be fooled again by these new silver bugs who are buying silver with religious fervor. The wallstreetsilver site even raised over 100K to buy billboards in certain places to promote silver buying.
If these new silverbugs (and old ones) keep up the buying like they have been, it is just a matter of time until we see $30+ silver as a new floor for prices. We will see $50 silver this year.
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and where has silver gone 
