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TriTorch's avatar

Some doom i can get behind, unfortunately... When the barometers - gold & silver - for lack of confidence in both the system and the future go vertical....you got problems. Major ones. This signals earthquaking changes, and not good ones. Everyone needs to prepare for siesmic shifts because these metals are bellweathers for global geopolitics and systemic financial stability, and right now they are flashing bright red.

Got rice, water, beans, and wood to heat it all? You may very well need it, and sooner than you may think.

The collapse will come at first slowly, then all at once. Silver over $100 is indicating the latter.

sosumi's avatar

...."There are some analysts that are convinced that silver is now extremely overbought and that there is no way that this rally can continue for much longer"....

Please explain to us how silver can be " overbought" when such an annual silver mining/production deficit has continued over last 5 years and is projected to worsen every year going forward indefinitely? These so called "analysts" couldn't count back change as a cashier at McDonald's!

Cumulative Silver Mining/Production Deficit (2021–2025):

2021: -89 million ounces

2022: -272 million ounces

2023: -210 million ounces

2024: -151 million ounces

2025 (Forecast): -95 to -120 million ounces

Total: ~820 million ounces

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