For all the inflationists out there, take a look at the silver price. It failed to pass the magic $50 and then lost 30% in a week at the beginning of May. It has taken two months to fail to achieve any substantial bounce form there. $35 was the point of support in May. It is now the point of resistance. It could bounce of course, but as each week goes by, without any, it seems that the seven year bull market is over. What is the chance of it eventually going back down to $10 where it started as all the burned bulls limp to the sidelines?
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