Friday, November 27, 2020

Tag: the S&P and Sanity

Silver, the S&P and Sanity

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by Gary Christianson, Miles Franklin:

Silver prices peaked in 2011. The descent has been long and tedious. Perhaps silver prices made an important low on September 11, 2018, like they did on November 21, 2001 at $4.01. That long-term low was twenty cents below the price on September 11, 2001, the day the twin towers fell at free-fall speed, which marked the beginning of the silver bull market that launched prices upward by factor of 12.

The S&P 500 Index has risen for over 9 years, from a low of 666 to about 2,900 in September 2018. Massive debt increases, central bank created low interest rates, fiat currency devaluations, stock buybacks and debt based optimism fueled the rally. A correction will occur.