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IPso–Thanks!! “If we are a little too early, and silver drops some more, then so what? The entire financial system is set to blow to smithereens before much longer”

Posted by Richard640 @ 12:29 on September 3, 2018  
Clive Maund for Streetwise Reports  (9/2/18)
 
[Maunds all excited about the bullish cots which have been a dud so far…but it’s good to see ANY 
 
bullish enthusiasm for PMs-so dont bet the ranch]

If we are a little too early, and silver drops some more, then so what? The entire financial system is set to blow to smithereens before much longer, and the Emerging Markets collapse is just the start of it—the periphery is burning and the firestorm will soon spread towards the center. When that happens there are going to be “precious” few hiding places, and the Precious Metals sector will be one of the only boltholes around. Before leaving these charts it is also worth noting that the Commercials went long silver for the first time since 2001 last week,and if that isn’t a sign of an imminent bull market, then I don’t know what is. 

 

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Click on chart to pop-up a larger, clearer version.

The net Commercial Hedgers chart is also unprecedentedly bullish, as it shows that this is the first time during the life of this chart, i.e., for the past 25 years at least, that they have held a net long position: put simply it doesn’t get any better than this.

://www.streetwisereports.com/article/2018/09/02/the-now-super-bullish-gold-and-silver-set-up-does-not-bode-well-for-the-dollar.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.