Silver held nicely overnight above the resistance bounce. I took the chance to triple my paper silver just after the dip yesterday. Inflation seems more certain to be long lasting despite the global government narrative that it is transient! The tripling of oil in 12 months will likely feed inflation for years to come as will the creation of M2. A silver bull pennant continuation is likely albeit with a probable retest of resistance. Shall we say $32.63 for Christmas?
LSF published an informative quarterly newsletter last night and they mention precious metals as a safe trade. I'm inclined to agree with them. Also worth reading is Crescats newsletter for June.
