Chinese buyers are scooping up Brazilian supplies as they still haven’t bought enough to cover their needs through October, the people said. While Brazil has so far been able to meet China’s demands, inventories are now dwindling and Beijing is at risk of not being able to fulfill its needs.
@ccmorgan said:
Silver is sliding back down now. If it goes back to 14ish I think I'll buy like I should have a few months ago. Just couldn't pull the trigger though.
My personal view is: $14 silver is a thing of the past. $20 silver at this point is either wishful thinking or a possibility within the next 6 month, if no agreement is reached in our trade wars.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
It's looking like the Trade War is going to stalemate into trench warfare, with a few tentative ad hoc probes here and there along the line, until the next election.
Comments
Silver is sliding back down now. If it goes back to 14ish I think I'll buy like I should have a few months ago. Just couldn't pull the trigger though.
China confirms ‘considerable’ purchases of US soybeans and pork ahead of October’s trade war talks
https://www.scmp.com/economy/global-economy/article/3030529/china-confirms-considerable-purchases-us-soybeans-and-pork
do not be fooled. they need our food.
China could release emergency pork reserves after losing 100 million pigs to swine fever
https://www.cnn.com/2019/09/04/business/china-pork-swine-fever-pigs/index.html
China Ramps Up Brazil Soybean Imports, Rebuffing U.S. Crops
https://www.bloomberg.com/news/articles/2019-08-16/china-ramps-up-brazil-soy-imports-as-u-s-trade-war-worsens
Chinese buyers are scooping up Brazilian supplies as they still haven’t bought enough to cover their needs through October, the people said. While Brazil has so far been able to meet China’s demands, inventories are now dwindling and Beijing is at risk of not being able to fulfill its needs.
(and brazil prices are rising)
so I'm thinking little progress during the talks and some support to PM prices. I just hope they don't fall to $1200/$14 by then.
My personal view is: $14 silver is a thing of the past. $20 silver at this point is either wishful thinking or a possibility within the next 6 month, if no agreement is reached in our trade wars.
It's looking like the Trade War is going to stalemate into trench warfare, with a few tentative ad hoc probes here and there along the line, until the next election.
Here's a warning parable for coin collectors...
I would have preferred $21...