by Dr. Jeffrey Lewis, Silver-coin-investor:
For long term investors and precious metals observers, the range-bound price action has rubbed salt into the open wound of short price sentiment. That is, if there is anyone left to remember the move up to $50 in 2011.
How long prices can remain relatively quiet and range-bound (in the face of growing fundamentals, geopolitical tension, and the rising awareness of inflation) is anyone’s guess.
Restlessness is developing, perhaps correlated with the volatility and commingled with hope over news of the ending the “London Fixing”.
Due to trading positions and willingness to overtly manipulate the market, combined with upcoming geopolitical tensions, it might be best to expect a move down over the short term.
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