Silver is now seeing a historic breakout from a massive 45-year cup and handle formation!
Epic Silver Short Squeeze
October 13 (King World News) – Peter Schiff: Even though spot silver is trading at $51.75, December silver is still trading just under $50. Given the cost of carry, December should be at a premium. This backwardation will not last. Soon there will be a rush to buy silver futures. The result will be an epic short squeeze.
Silver Busting Out Of 45-Year Cup & Handle Formation
James Turk: The future is unpredictable but there are reasons why I expect silver to lift-off from this launchpad built over 45-yrs. It’s now:
1) an unloved & undervalued Critical Mineral
2) a strategic industrial asset & essential to national defence
3) money like gold
4) undervalued to gold at the abnormally high ratio of 80.2 oz =1 gold oz given only 10x more silver in the earth’s crust than gold and an inconsequential aboveground stock compared to gold, which so far has been dominating the fiat currency debasement and de-dollarization stories.
Markets tell us an asset’s story through prices. Now it’s silver’s turn to tell us whether silver’s bull market begins with this breakout from its huge ‘cup & handle’ pattern that leads to more record high prices and a historically normal ratio below 30.
KING WORLD NEWS NOTE: Silver Now Breaking Out Of Massive Multi-Decade Cup & Handle Formation!
Prins Correctly Predicted Silver Would Be In The $50s This Week
To listen to Nomi Prins discuss why short sellers in the silver market are going to get destroyed, where gold is headed, what to expect from mining stocks, uranium and much more CLICK HERE OR ON THE IMAGE BELOW.
Just Released!
To listen to Alasdair Macleod discuss the squeeze in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
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