From an ADVFN blogger25 Dec 2018 09:55
Courtesy of Maximoney1 on the Silver thread ADVFN
Good we mine a lot of silver!
Happy Christmas all.
Today's $gold close was significant in that it closed above the top of a mini uptrend channel, indicating a potential acceleration in price momentum. Very close now to a "Golden Cross". The more curious thing, is how much $silver has been controlled.
There has been much chatter about for whom JPM is accumulating physical silver, with suggestions being the Chinese. I personally believe it is entirely for the USA. Gold can be allowed to run to whatever price is necessary to balance debt, provide liquidity, etc etc but silver is becoming a far more strategic metal by virtue of its usage. In a few years once the 'silver' reset is complete, it will be, he who holds the silver controls the reigns, not gold...imo. Silver is going to be 'thee' strategic metal, far more than rare earths or uranium etc, hence why it is currently being leaned on as accumulation takes place. I can see a 4-6 week lag, between $gold ripping higher and a true $silver response, possibly pushing the ratio out to 100:1 before 'they' lift the foot off the throat. All imho. :-)