RE:RE:Silver Continues to Fall I would be more optimistic. Silver chart wise has retrenched to 28-29 and is ready for next leg up. I want to add yet another D to my 4 D's so here are the 5 D's to move Silver higher.
1. Demand - India production, China /india - citizen retail buying, Central Bank buying as reserves.
2. Deficit - Silver production has been short by roughly 200M oz's and looks to continue this deficit.. Existing supplies and exchanges and ETFs continue to be drained.
3. Debt - in area of 3+ trillion this year
4. Debasement - while we are the best fiat make no doubt the printing is continuing.
5. Dedollarization .- outright theft of Russian reserves by US and NATO is NOT rule of law, it is the end of it. The petrodollar is no longer required / supported by OPEC oil purchases. The BRICS are expanding and are dumping their dollar reserves for gold (part of demand in a sense).
None of these 5 D's are really affected by the west in any measurable way. Gold is going higher, Silver is going higher, and the fiat dollar and other fiats are going lower. There isn't much the paper wizards can do other than temporary drive by shooting ( usually Friday because Shanghai is already closed for the weekend). I'd say the paper game at 400 fake paper ounces to every real ounce has run its course. The Fed may not lower interest rates but the money printing is going on behind doors to help the banks and their huge commercial property loses. Our western public is distracted by the deception of our true financial condition, but this will change as more see the light.
ask yourself 5 ?'s
1. is Silver actual worldwide demand increasing?
2. is the Silver actual worldwide deficit increasing?
3. Is the US and worldwide debt increasing?
4. are fiat currency printing presses running full steam?
5. Is the world dumping dollar reserves for gold?
Each share of Discovery Silver has roughly 1.5 ounces of Silver....be optimistic.