Mope will be Flowing like Crap down a Sewer to Dissuade People from Buying as Silver goes to $75 Here and Now
If silver hits $75-100, or scoots well into triple digits then more than just hard core silver stackers will take notice. We will finally see a real stampede as the general public begins entering the market.
As silver moves through $75 an ounce the general public will finally take notice.
I don’t believe Joe 6-Pack will understand what is happening if silver takes out $49 any more than they did when it hit $49 in May 2011.
The only ones who noticed or seemed to understand were people like us and the Cartel and for very different reasons.
If silver hits $75-100, or scoots well into triple digits then more than just hard core silver stackers will take notice. We we finally see a real stampede as the general public begins entering the market.
Since the Great Smackdown of 2011, the price has consistently dropped for well over a year along with several spikes that got physical buyers on the wrong side of the trade and scared the average investor. MOPE will be flowing like crap down a sewer to dissuade people from buying, with the usual pundits saying that this is a bad time to invest in precious metals.
The public notice of silver has been nearly nonexistence in the last 2-3 years. Gold has gotten much more attention by the financial media during that time period. If people are fearful of silver due to its volatility it will take serious and consistent price rises to get the attention of the retail investor to rotate their cash into silver. This will force prices even higher in spite of the inevitable small retracements in the price.
The Rhino Horn of the coming parabolic silver run could and should then take silver to unprecedented heights as the scarcity and demand run in tandem during a monumental increase in price
The Casey chart of silver price increases and decreased would indicate a 300% increase over the last retracement of price to $26 an ounce.
I would not be surprised to see $75 as a resting point before even great price escalation. As Chris Duane notes in his 14 reasons to buy silver, the real inflation rate of 400% or so will be reflected in these prices. A feeding frenzy could take place as food and fuel inflation in 2013 shock the bejaebbers out of the US and Canadian citizenry. There will be many people who see their inflation eroded cash evaporating and while the rest of the world faces famine, with videos plastered all over the media, the average person will react with a fear factor that compels them to buy precious metals to save themselves from the increasingly painful effects of food price increases into the 20-30% range and gasoline up maybe $2-3 dollars a gallon.
People are not stupid. They may be slow to realize the effects of inflation as they scrape by filling the grocery cart and the fuel tank.
Unlike those early to enter the massive bull run, those who have not boarded the silver bullet train will scrounge up any funds available to buy an increasingly scarce supply of precious metals, hoping to avoid being the last passenger on this train.
Those who got IN first got the best deal. I fear that everyone else will not fare as well.