Musings about Life and Investments

When I suggested buying XAGUSD at around USD17.50, it is now USD21.20. I think it will rise much more, perhaps to as high as USD45 / oz. But in the short term, it has risen too much too soon and if you have a big portion suggest you take profit by selling ½ or ¼. Silver prices soar to six-year high on ‘green recovery’ bet Precious metal outshines gold with a 70% rise since its March low The price of silver can enjoy explosive spurts when conditions are right © Kerem Uzel/Bloomberg Top of Form Save Bottom of Form Neil Hume , Natural Resources Editor  YESTERDAY 11 Print this page Silver prices have touched their highest level in six years, encouraged by low interest rates on other long-term assets as well as hopes that the industrial metal will be a winner in the “green recovery” promised by politicians. The price of the metal rose as much as 6 per cent to $21.17 an ounce on Tuesday afternoon — the highest in intraday trading since July 2014

Much has been talked about a second wave and another lock down. Looking at the chart above, I think it is hitting a resistance but looking at the upward support line, it is likely to come down a little before breaking up. It flies in the face of reality because the death rates are finally crawling up after the infection rates skyrocketed after the premature release of lock downs worldwide. The death rate is now 606,788. I think we will hit between 1 to 2 million deaths when this virus finally dies off. Meanwhile, another lock down will cause even more bankruptcies and job losses. Already, the lock down has released the automation genie out of the bottle and I feel that 20% of the economy will never be the same. In the sense that due to the work from home, buying habits, places that we live in will change. Imagine a company forced to buy laptops for all their staff to work from home. In order to recoup the costs, many companies will enforce hot desking, giving up 20% of off