If prices in 1980 were irrational why did silver rise and fall in lock step with gold during this time (99.2% correlation). Why did many other commodities rise? Platinum rose 180%, Palladium rose 460%, Oil rose 300% etc. I guess the Hunts cornered all these markets simultaneously.
While the Hunts may have helped, albeit in a small way, all these assets rose from deteriorating economic factors at the time; inflation was at 14%, interest rates were free floated, Soviet Union was invading the middle east I could go on and on.
Fast forward to 2020 and the conditions are similar if not worse so why shouldn't we expect massive price action in these assets once again.
- Forums
- ASX - By Stock
- USD Silver Price
If prices in 1980 were irrational why did silver rise and fall...
-
- There are more pages in this discussion • 248 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)