Bloomberg predicts silver is back in a bear market



http://illuminatisilver.com http://facebook.com/illuminatisilver Bloomberg predicts silver is back in a bear market. Today is Thursday 24th November 2016 and we are looking at a report published by Bloomberg yesterday. This is what they had to say: “After outshining all other precious metals in the first nine months of the year, silver is now back in a bear market. Prices of the metal slumped to a five-month low as the dollar rallied, making raw materials priced in the greenback more expensive for holders of other currencies. Through Tuesday, investors this month unloaded almost 384 metric tons of silver in exchange-traded funds, poised for the biggest loss since December 2014. Silver futures for March delivery plunged as much as 2.9 percent, before closing 1.5 percent lower at $16.485 an ounce at 1:42 p.m. on the Comex in New York. That represents a loss of more than 20 percent from a two-year closing high reached in August, meeting the common definition of a bear market.” So we are faced with an interesting situation. As we reported in our video of 18th November entitled “2016 silver demand exceeds supply again” showing that 2016 is likely to see a silver supply deficit, we are now witnessing a reduction in silver futures and substantial ETF withdrawals. People like us who buy the physical in coin and bar form, and often termed stackers, have purchased some 24% less than we did last year and to see funds pulling out of ETF’s does not auger well for the short term price of silver. We will admit, that despite the gold price fall of recent days, silver has held up remarkably well, but if Bloomberg are correct then it will not be long before we are well into $15 silver. As many of our subscribers have commented, this could be an opportunity to be welcomed. At the time of this video, gold stands at $1187 oz and silver at $16.39 oz. We shall of course be producing our weekly update on Saturday but meanwhile, enjoy your Thanksgiving festivities and leave the fretting to us. Please view our recent videos: Central Banks Gold Buying Slows Down but is still positive. https://youtu.be/klqO3PUi8B4 Dow peaks above 19000 and its consequences for gold and silver. https://youtu.be/GKLCkEQPP54 President-elect Trump will not pursue Hillary Clinton https://youtu.be/G8tGSfp2Ts4 ‘Goodbye’ says President-elect Trump to the TPP https://youtu.be/u_AXuFKPLek Have 2016 Silver eagles really sold out? https://youtu.be/QwChbrRcG00 Why Gold premiums in India surged to a 2 year high https://youtu.be/RDHfTeaxZIU Queen Elizabeth II will invite President Trump for a State Visit in 2017 https://youtu.be/vPUMiwnZMlw Could Italy’s referendum destroy the EU and cause gold and silver prices to rise? https://youtu.be/t-pQ9tgCajo China Plans to Replace the US in Promoting Globalisation https://youtu.be/MQUdFBWnTBs Gold and Silver Update w/e 18th Nov 2016 https://youtu.be/zc8NG4X_Swo 2016 silver demand exceeds supply again. https://youtu.be/uE0PKmLoRfo Federal Reserve Chairman Janet Yellen defies President-elect Trump https://youtu.be/0n3Qxl6xPnQ Dollar Shortage Could Lead to Global Financial Collapse (Part 2/2) https://youtu.be/NcuQFv2dfuQ Dollar Shortage Could Lead to Global Financial Collapse (Part 1/2) https://youtu.be/QLgMvi9Renk China’s President tells President-elect Trump US and China “must co-operate” https://youtu.be/x6aNkEp-Cak US Retail Sales boosts the dollar and the prospect for higher Interest rates https://youtu.be/L1Lwsa6chds

Comments

  1. why does everybody hate silver? i think it's a pretty metal. can't wait to get back to 14 or less!. there's nobody on the planet that can get silver cheaper than we can. it's a great break
  2. Bloomberg has been at the vanguard of precious metals bashing/disinformation for at least twenty years. I always do the opposite of what they recommend. I have done very well.
  3. The bear market is here, yet the US Mint ran out of silver eagles to sell in 2016. Now I understand.
  4. Please explain this to the Chinese. They don't seem to understand.

    The silver price at their physical precious metals exchange is now about a $1.50 higher than the fraudulent COMEX price. Almost every night, once the Chinese markets open, precious metals move higher.

    Arbitrage due to the Shanghai Gold Exchange is draining the COMEX of both gold and silver.
  5. The dollar is up because everybody is out doing christmas shopping.
  6. and still bullion prices are about the same when silver trading @ 19.50 .
  7. we have had a supply deficit for the last 4 or 5 years . and the price has gone down pretty much the whole time what gives???
  8. when?
  9. I smell a long awaited test of the $1,000 and $14 levels for the end of 2016 and early 2017
  10. Stocks are shooting way and oil is down 4% and yet silver and gold have gone up today and staying up..i don't get it.?  I think silver and gold prices go up and down only when oil goes up and down and that's it it seems to me.
  11. It may be true but remember they are part of the MSM. Buy if you can.
  12. proper black friday sale none of those cheap tellies for me
  13. Good. Contrarian indicator. Investor sentiment is at serious lows.
  14. I hope they drop the price down to $3/ounce so I can buy the shit out of Silver.
  15. Ooohh oh. Yesss. Price dump. I want to buy more King Tut coins and Cleopatra 2oz rounds. Listen up people, Provident will no longer mint the Cleopatra 2oz round after Nov 30.
  16. Happy Thanksgiving man!
  17. Have you ever noticed that market predictors always base the direction of stocks, gold, or silver on the current trend? If it's going down they'll say it'll go down even further. If it's going up they say it's going up more.
  18. ...a welcomed opportunity indeed...
    Your approach & consistant dedication is appreciated.
  19. I'll be getting a little more silver each month while spending the same amount. Good thing, too, because among other things I want, I need to finish filling a tube of silver Britannias. Darn British tubes hold 25.
  20. If dealers don't lower their prices don't buy.


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