SILVER slumps below $20 again
Even GOLD is going down:
The ABSOLUTE VALUE of GOLD and SILVER will keep on dropping now:
There's no demand for SILVER and no real widespread industrial need for SILVER:
Beginning with Ron Paul's silver campaign there has been so much noise about SILVER over the last 8 years or more now in regards to a financial collapse and even reports that SILVER is going above $100 this year as a monetary metal with all sorts of reports and conspiracy theories. Nothing could be farther from the truth. The coin industry is no longer needed and with advanced chip technology the next currency will be electronic via some form of implant or related card type media.
Coin collecting has gone the way of beer cans and regardless of who reports investor demand the fact is that the numbers of sales have been dropping off dramatically. Even the U.S. MINT data show this for their Silver American Eagle bullion coins:
So if you want to trade silver further shorting of the metal probably looks the best and a drop back into the single digits is likely soon.
...developing...
