Given the current size of their short position, bullion banks face nearly $200 million in losses for every dollar increase in the price of silver. This means they lost nearly $400 million on Friday alone!
London Bullion Market Association’s conference participants expect gold prices to increase by 10% over the next 12 months, with silver expected to gain over 40%
Gary Savage explains how market sentiment translates into trending moves on the chart. He says silver has reached the ballistic phase of an intermediate rally, and retail traders will start piling in.
Hernandez, Vice President of Exploration: "The consistency of high-grade results we are seeing at Aguilar is exactly what we hoped for and expected. Aguilar's continuous mineralization reinforces our confidence in the quality of the Santa Ana project."
When it comes to barter, people are likely to naturally revert to gold and silver as a monetary asset. This is how silver will be restored to being generally accepted as money.
