Arcadia Economics, Released on 1/15/24
After a rally in both gold and silver on Friday, the market is looking for clues in regards to what the Fed is going to do when the Bank Term Funding Program expires in March, possibly at the same time that the reverse repo facility is running out. What can you expect, and will it lead to a selloff in the silver price? Vine Lanci shares what he’s seeing in today’s show, so click to watch the video now!
Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com
Vince Lanci: Is Silver Starting Another Selloff? added by Herman James on
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Today silver is selling for less than $23 an ounce on the COMEX. $23 is less than half of what the peak price was decades ago. Silver has been a terrible investment for those who put lots of money into it shortly after it peaked, averaging down year after year. For those who haven’t bought any silver, yes, now might be a really good time to buy in. But for those of us who stacked for a decade or longer, with the expectation created by all the silver bugs and silver company reps, that silver prices would skyrocket, those of us who have now left the workforce, and need to convert some of that silver into cash, it has been a slow moving disaster. If you figure in annual rates of inflation experienced during the years you held onto the silver, it has been a losing proposition. Yes, it was my mistake and I admit that, but I was guided by the people that routinely have their blogs posted here. All the “buying opportunities” touted over the years turned out to be opportunities for good money to follow bad. Caveat emptor.