Silver on the Move Again Breaking Back Over $17/ozt

in #silver7 years ago

Been following metals now since 1999. I remember reading Agora Financial's and The Daily Reckoning's posts. They still exist and you can look up their archives to see them. They explained convincingly how metals were about to break out and, until 2011, they were right on the money.

Silver is horrifically undervalued when you consider its historic relationship to gold. It should be somewhere around $100/ozt if you take the standard 15:1 ratio. Some say it's even rarer than gold. But anyone who was in silver back in 2011 remembers how abruptly it ended, and how it's been back down at this level for the last seven years. I also believe the prices of both are severely manipulated and it's extremely relevant to why this is still going on instead of going up.

From what I'm reading from the many sources I've followed, it could be ready for the next major bull run. We'll see.