Loading ...News to be at 11 am Eastern time US according to this.
Sayanara Maduro
Reports say he is now under US ‘protection’….ie hopefully hanging upside down ……
Executive order ?
On silver
Ferrett
Yes I know what you mean. But at the same time if you told them prior to the this is ” probably lol’ it breakout they wouldn’t believe you or would t have the understanding or patience on why you hold it because it doesn’t pay dividends and is volatile. If they do buy it they will also need to learn a eventual exit strategy and not get caught up with the noise and keep buying at the top instead of holding on the way up buying dips and selling when the signs if not charts of exiting are near. Taxi man giving you advice, late entries it’s going higher yada yada. Maybe not all, that permanent hold insurance of barter.
Reason, you might not be here, or have enough to support or feed them too when tshtf when they, including friends were able of preparing themselves. Did you see it in 2008, 2020 or a economic or weather event? But particularly trying to protect the young with children who are just as clueless as we may have been at their age. I was having a baby im Jan 1980 set a record by delivering a breach baby by myself in a hospital with no OB doctor in the building that was one of the best hospitals at the time and luckily I delivered her with the ER doctor running in before the cord got wrapped around her neck as they can spin around trying to get out. That’s when they tried starting medical groups hiring foreign help. I had no idea gold was hitting all time highs or why until after the fact I learned my gold nurses pin and silver serving sets was suddenly worth a lot more money. Excuse typos
goldie, I take all these pundits’ comments with a pinch of salt.
A lot of what the AG said is true. But if you are seeking to misdirect, then you’d include a few porkies in a deluge of facts and many people would run with it. Anybody looking for the next Bitcoin will lap it all up with silver being the next great investment. I suspect that’s less likely to happen here where we all have decades of listening and filtering. Also he’s very fluent, and bullish, but we don’t get target prices. He clearly projects higher prices by his presentation without actually making a prediction. At the end of the day the metals will do their thing. I think that only the Chinese govt is able to influence pricing through control of supply (into or from the market); obviously any govt can push the price up with aggressive buying.
Send this to non believer family members
China isn’t buying silver from specific mines but rather securing large quantities from producing nations like Russia and South America, while simultaneously restricting its own silver exports to control supply, especially for clean energy tech like solar panels and EVs, making them a major buyer from the global market, not just specific mines. They’re buying aggressively from Russia, for instance, and negotiating directly with South American producers, aiming to control a crucial resource for modern industry, reports CNBC, Mining.com and Jerusalem Post.
Where China is sourcing silver:
- Russia: China has significantly increased its purchases of Russian gold and silver, with sales hitting $1 billion recently, according to Mining.com.
- South America: Chinese entities are engaging directly with South American producers, showing a strategic shift to secure physical supplies.
- Global Market: Through large trading firms and manufacturers, China is competing in the open market, even offering above-market prices for immediate supply, reports CNBC.
Why China is buying so much:
- Clean Energy Demand: Silver is essential for solar panels (around 20g per panel) and electric vehicles (25-50g per EV), and China aims to control this critical metal for its green transition, notes Morningstar.
- Strategic Control: By controlling silver supply, China can influence global manufacturing and defense supply chains, making it a strategic asset, says Trading Economics.
China’s export restrictions:
- Starting January 1, 2025, China implemented tighter controls on silver exports, effectively hoarding the metal and reducing global availability, reminiscent of its strategy with rare earths, according to reports from CNBC, Morningstar and Trading Economics.
Ferrett
The current candle is showing selling pressure at higher numbers but higher buying pressure just below that. It could mean a couple of things. Hopefully just consolidation of pause and some profit taking after a run up. Hopefully