Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
At the end of April 2011, we warned for the end of the Parabolic rise in Silver prices.
We compared the move in silver prices with 2004, 2006 and 2008. Click HERE to read an example.
Here is an updated version, and it looks like price is tracking the 2008 pattern very well…
First of all, let’s look at silver in 2008:
Let’s now have a look at Silver in 2011:
Does this look similar? See what happens when we lay one chart on top of the other:
Back in 2008, silver fell as low as $8 because nearly all financial assets were sold off. A similar move could bring silver back to as low as $13. It looks impossible, but you never know with today’s Banksters.
