Josh Galt: Critical Price Alert

[Shami-Amourae]

Silver has reached a very significant and critical price level.

Silver could go back up soon or drop down to $9 possibly.


https://www.youtube.com/watch?v=ZuTh6rMtfyo

[osoab]

9 frn's it is then.

[madfranks]

9 frn's it is then.

If the stock market crashes this month than $9 for sure.

[monty]

If the stock market crashes this month than $9 for sure.


If the stock market crashes where do you think silver premiums will go?

[madfranks]

If the stock market crashes where do you think silver premiums will go?

Here's what I think happens. The paper market will be driven down by all the paper players forced to sell to cover their margin calls on all their other paper assets. This will bring spot silver to $9 or so. The physical market will decouple dramatically, maybe maintaining a $5+ premium for junk and generic. If things get really bad and the paper metal markets finally die, then we'll see massive gains in metals as the physical price becomes the true price. At that point watch for silver to rally to all time highs.

[Mozart]

9 frn's it is then.

There are already shortages in silver , $9 would be crazy. It could happen but how long would they be able to keep stock of physical?