Getting ready for a year end blast off, esepcially as Basel III regulations take effect by year end. This Reverse H&S pattern shows the possibility of 4 points higher. While I have been thinking that the big inflation play make take five years to play out and thus have been buying physicals more than paper, Basel III may stop some of the paper manipulations that have been going on for far too long.
In the end, I'll keep working and adding on to my physical and paper positions until silver hits $50. It might not be too far in the future when looking at the spread between the physicals and paper. Silver Eagles are at a $10 premium over spot. There is demand going on but it's not reflected in SLV and XAU contracts.
In the end, I'll keep working and adding on to my physical and paper positions until silver hits $50. It might not be too far in the future when looking at the spread between the physicals and paper. Silver Eagles are at a $10 premium over spot. There is demand going on but it's not reflected in SLV and XAU contracts.