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Thursday, October 06, 2022

Fun fact

The silver rallies in 1973/1974 and 1979/1980 were epic… and things are just starting to heat up in the oil market again, with OPEC announcing large cuts in oil production…. Silver went 40x from 1972-1980…

https://twitter.com/goldsilver_pros/status/1578094470628876290?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1578102780627410944%7Ctwgr%5Ef001745eedd9a84132b563d8e808fb1fa7ed453f%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.investmentwatchblog.com%2Fsilver-has-very-fond-memories-of-opec-going-hostile-against-the-usd%2F

The last time OPEC was hostile to the US, the Silver USD price went 5X first ended up doing 40X.



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