1811 Capped Bust Half Dollar
Tuesday, September 10, 2013
Silver needs a Catalyst
It`s beginning to look like the Silver chart with the RSI ( Relative Strength Indicator ) could go down to 30 or so. The one Catalyst that could ignite the price upward is being ignored. The National Debt of course. The market currently is choosing to chase the Stock Market. That could be could for those who are avid silver collectors ( Investors or Otherwise ). If you think Silver is cheap right now. It is a great way to save if the price does not collapse. I`d say unlikely but the market has a way of teaching us lessons. Still mining costs are said to be around $ 18.00 an ounce. Plus in my opinion your buying a real asset with a paper currency that has a history of losing value. Just my thoughts for today !
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