Gary Christenson | Dec 16, 2014 10:54AM ET
The MONTHLY chart of silver shows deeply over-sold conditions in the RSI, MACD, and TDI.
The US Dollar is “over-bought” on the weekly and monthly charts. Note the position of the RSI, MACD, and TDI on both the weekly and monthly charts. The dollar will, sooner or later, turn down. A declining dollar will be good for silver prices.
“My generation gave former tenured economics professors discretionary authority to fabricate money and to fix interest rates.
We put the cart of asset prices before the horse of enterprise.
We entertained the fantasy that high asset prices made for prosperity, rather than the other way around.
We actually worked to foster inflation, which we called ‘price stability’ (this was on the eve of the hyperinflation of 2017).
We seem to have miscalculated.”
All of the above should support long-term increases in the prices for silver and gold – which have NO counter-party risk.
The central bank and government “plan” seems to be: create more inflation, levitate the stock and bond markets, encourage military action, foment another and larger war, create much more debt, extend and pretend regarding global economies and doomed fiat currencies, scare everyone regarding the threat from Russia, and generate more wealth for the political and financial elite. Read Bill Holter: “One Foot on a Banana Peel. ”
As an alternative to the above plan, I like and trust physical silver, held in a safe depository, outside the banking system.
/h2
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