SILVER 0.30% $15.25 silver futures

OMS, you'll get glib types going on about break of support when...

  1. 568 Posts.
    OMS, you'll get glib types going on about break of support when they're looking at charts of paper contracts. It means nothing as long as you have physical and are patient. The precious metals are at unprecedented levels of oversold for the bull market going back to 2001. if you believe this is real when silver bullion sales are being rationed, even here in Australia, and when there is obviously a campaign to support the USD, then listen to someone with credibility, say on financialsense.com, or half a dozen other sources.
    It might take weeks, it might take months, but we're headed for the biggest bull upleg yet, and with more to come after that. I'll probably be buying more physical silver if it's convenient. But my experience is they're rationing it, at least at the 1kg bar level, so how come when the contract price is weak? "We have to be fair to everyone", is how my bullion dealer put it when refusing my full order for their most common silver bullion product, the 1kg bars.
 
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