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512

I will believe it when I see it....

Archive: https://archive.today/jP841

From the post:

>The rocket ride of silver prices has to end sometime, but one expert sees it plunging in reverse. Silver hit the $120 per ounce before dropping like a rock and bouncing up to around $114 in a wild day for the precious metal. But one silver watcher sounded alarm bells on Tuesday. 'Silver is almost guaranteed to drop ~50% from these levels within a year or so,' Marko Kolanovic, a former JPMorgan managing director, wrote on X. 'Unlike purely fictitious assets like NFTs, bubble in commodity can't last long - industry demand dries up, supply e.g. recycling increases, and new production is hedged,' he added.

I will believe it when I see it.... Archive: https://archive.today/jP841 From the post: >>The rocket ride of silver prices has to end sometime, but one expert sees it plunging in reverse. Silver hit the $120 per ounce before dropping like a rock and bouncing up to around $114 in a wild day for the precious metal. But one silver watcher sounded alarm bells on Tuesday. 'Silver is almost guaranteed to drop ~50% from these levels within a year or so,' Marko Kolanovic, a former JPMorgan managing director, wrote on X. 'Unlike purely fictitious assets like NFTs, bubble in commodity can't last long - industry demand dries up, supply e.g. recycling increases, and new production is hedged,' he added.

(post is archived)

[–] 3 pts

So some uber rich c*suckers dumped a few hundred million ounces back onto the market after scoring big big and now it's a feeding frenzy for the breeders and feeders.

Sheeeit.

[–] 3 pts

Considering JPMorgan has the monopoly on silver futures contracts, they can crash the price any time they want. They're merely signaling to their investors with this statement.

[–] 3 pts

Good, crash it back down to $18. I'll load up.

[–] 2 pts

Trying to trick people into selling.