Gun
by Snuffy. 05/10/24 11:43 AM
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Re: Silver at 5 year low
[Re: bamachem]
#1385305
07/07/15 10:43 AM
07/07/15 10:43 AM
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Joined: Jan 2014
Posts: 1,215 Lamar
Fishduck
8 point
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8 point
Joined: Jan 2014
Posts: 1,215
Lamar
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I believe it will go as low as 8 in the next year. What is your rationale behind that? This When the dollar is weakening, precious metals will spike. When the dollar is strengthening on the world market versus other curriencies, metal pricing will fall. That's the economics involved here. Traders are looking at a strengthening dollar (comparatively) so they are valuing silver at a lower rate when traded (sold) for US dollars.
http://www.forbes.com/sites/pascalemmanu...e-here-to-stay/However, low oil pricing is hurting the fracking boom, and slowing the dollar. On the contrary, Greece is devaluating the Euro, which is offsetting our loss of momentum. Here's some more good info: http://www.businessinsider.com/what-the-...g-green-2014-10 Thanks for your explanation!!!
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