Silver may not be going to $50 tomorrow, but 2020 looks like it’s going to be a very interesting year. Here’s why…
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I sat down with Chris Marcus, https://arcadiaeconomics.com Arcadia Economics, for another installment of our ongoing conversations around the metals markets.
In this latest update we are looking at the potential for 2020 based on what we have been reporting for the past several years. Both Chris and myself see the mining industry as being one of the more bullish components to a sustained climb for both gold and silver. If you have no product to dig out of the ground then you have no product to bring to market. The mergers that we have already witnessed, at the very top of the food chain, is only the first step in what will make up a number of mergers and acquisitions in 2020. Mining supply is reaching critical mass and by years end we should see major changes in the resource sector.
I’m eyeing 2020. Can I guarantee that we see an overrun of the manipulation this year? No. But at least when I look at things on a probability basis and having a background as an options trader, I’m starting to take some fliers on a big move at some point this year. We’ll see if that plays out. – I want to be clear. I’m not telling you silver’s going to $50 tomorrow. ~Chris Marcus, The Daily Coin