Norcini - Silver Now Very Close To A Major Short Squeeze
On the heels of some wild trading in gold and silver, today acclaimed trader Dan Norcini told King World News
that the silver market is now approaching key levels which will set off major short covering if breached.
Norcini also provided two key charts. Here is what the acclaimed trader had to say:
The Silver Series: The History of Silver (Part 1)
Today, silver has thousands of modern industrial uses and is considered a store of wealth.
However, the story of this legendary precious metal begins with its use by ancient civilizations.
Silver has many attributes that made it so valuable to early peoples.
It is malleable, ductile, lustrous, resilient, antibacterial, and rare.
It was used to purify water and for ornate artwork – but more importantly it was perfectly suited
to be a currency.
For over two thousand years, silver was used everywhere from Ancient Greece to the Spanish Empire as currency.
Bullish Call: Silver Could Hit $50 by End of Year
.Silver and the Myth of Diminishing Returns From QE
Adam Brochert| Wednesday, September 26th
There is lots of talk in the financial media about how there are diminishing
returns from QE (i.e. money printing) with each successive round of counterfeiting.
This is only true because such commentators are stuck in paperbug world and focusing
on common stocks. But common stocks are in a secular bear market, so it makes sense
that there could be diminishing returns on common equities related to bailing out
banks and governments by destroying the purchasing power of the currencies of the world.
When Silver Prices Finally Challenge Perception
When Silver Prices Finally Challenge Perception
Dr. Jeffrey Lewis
The vocabulary in which modern monetary policy is expressed has
created complacency and acceptance. For example, people have
learned to accept outrageous financial concepts like $1 trillion,
when very few individuals have any sense of how much this actually represents.
More Articles...
- Sprott Announces $230 Million Follow-On for PSLV
- Jeff Nielson: ‘We’re Gonna See the Price of SILVER With a Zero Behind It’ …$250, $350, $450
- Gordon Brown Dumped Britain’s Gold to Save Goldman Sachs & JP Morgan
- A Rare Occurrence in the Silver Market
- The big new thing in gold - capital adequacy ratios
