looking at technicals and cycles, here is the main reason silver collapsed the last couple months.
even tho it looked like silver was starting to head up after dec of 2019,... the 30 yr cycle says silver should hit a low in 2020 or 2021 ...
remember silver hit a low in 1990-91, when it dropped down to 3.51 , this is lower than what it had been in the mid and late 1980's.
if the 30 yr cycle continues to dominate we should bounce up, then come back down within a year or so, and form a (higher) double bottom. then rally into about 2027 (30 yrs after the buffet spike). this high was a a little more than double the low of 90-91...
A cycle of any asset price has a history that if allowed to follow market pricing has it's up and down price seen on past charts
However, if something affects world trade, business or Fed actions, this can cause the cycle to deviate from it's normal pattern
As of now we have entire countries, with business and individuals facing default on numerous loans large and small, all of which will result in a reset of asset values
The world debt is so large and the anticipated defaults will in all likely hood cause banks to falter and them selves declare Bk under the weight of so many defaults.. This will cause countries to default in bond or other debt defaults
Many of these countries have no ability to creat fiat to monetize their debt as the EU countries is a perfect example. Others would simply see their currency de-vlue
Is Germany willing to bail out Italy from default. Can china create sufficient fiat to subidize it's money losing industries. China will suffer a drastic reduction of countries with insufficient extra capital to buy trinkets they don't really need or want when money is needed for rent, food and other neccesities
India is suffering from a drop in GDP with corona virus infections still increasing. India has decided the cure is worse than the disease and is opening up commerce to try to induce increased GDP and perhaps reduce the number of BK. Plus with a populatin of 1.4 billion, social unrest is a real threat to orderly conduct by the citizens.
Many countries are in desperate circustances as they need currency to pay for maturing bonds of which they do not have sufficient reserves to pay the debt. If their currency de-valued vs the USD this only makes a bad situation worse
The world is drowning in debt that can not be paid. A tasumi of defaults is coming which will over whelm the world banking and financial system No country will escape the coming explosion of debt default
Soon fiat will be virtually worthless, as gov't every where who can, will print fiat when faced with a monetary crisis. At some time, gold and silver will become money
This increase in gold and silver price will not conform to the 30 yr cycle as PM prices will explode to the upside
Does anybody doubt this senerio and why??