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Sask | $45 more logical than $75 is not a wrong position by any stretch. At least that reflects a position based on some sort of reality like cost of production. Where as at $40 people were selling out because charts said it would go back to $25 which did not reflect any common sense whatsoever. But when our so called supply /demand free markets has the price at $23 for years even though currency destruction says that is all BS, I guess you expect the "free market" beleivers to sell.
Now we are into the era of seperation those who beleive we have "free markets" from those who understand $23/oz makes no sense at all.
As for me, I took my position back in 2014 on where I thought the "free market" debate landed.
And with that, my long shot has always been platinum. So I still have to wait and see if that one ever plays out. But the rest of my thinking regarding our free markets is playing out nicely.
It's interesting that even with every bit of data saying platinum is in a massive supply deficit, the "experts" with the managed money hedge funds still figured betting on it going lower was the smart money play. You really have to wonder what sort of thinking goes behind a free market, supply and demand based system that leads to that conclusion. | |
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Silver just broke $75 premarket
