Sounds like a big time whiner! Heaven forbid that a commodity market might actually go down too!! Must be those evil government manipulators! There should be position limits on commodities that are strictly enforced, just like we had in the old days when this ridiculous volatility DIDN’T EXIST. You could still own the metal but there was a reason we didn’t let a few big boys corner a market.
Small gas engines have carburetors. To achieve the best performance it is necessary to make minor adjustments to one of two or three jets and springs.
So it is with the silver market. Minor adjustments were made to get the best market performance
The price of silver and gold are manipulated down by the government because when they get too high people see it as a lack of confidence in the dollar. That means you get the chance to buy it cheaper than it should be. Buy physical in your hands silver while it is on sale!
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
Same thing with the oil prices. Margins increased and VOILA!!!!
When you give a thought to commodities be sure to think CATTLE FUTURES before you make a decision.
Gold and silver were both manipulated up and down. That’s the short and long of the situation.
Any time someone who loses other peoples' money for them blames the regulators, be very wary.
The manipulations (if the allegations are true, and I imagine they are) are offensive. Of course, for the little guy, heed the advice to “buy on the dips.” In this case, “buy on the manipulations.”
Every market is manipulated. Deal with it, get over it, and learn how to profit from it. This is the formula:
Accumulation
Mark up/Mark down
Distribution
That’s how it works. The big boys rule the market, learn their tricks and profit along with them instead of whining about manipulation.
Silver market manipulated, Remember the Hunt brothers? Just what in our lives is not manipulated?
Sprott is right IMO. You had collusion between COMEX, the Federal Reserve, JP Morgan, HSBC and other large silver shorts. They are all in collision to jam silver down via raising margins and shorting it at just the right time
The Federal Reserve hates high gold and silver prices. It makes what they sell (the US Dollar) look bad. JP Morgan has been deputized to short silver. What do they get in return? They get billions in free money from the Federal Reserve when the FR buys Treasuries from them instead of directly from the US Treasury like any slob in America can do if he has $10,000. JPM is a “primary dealer” in US Treasuries which is a big deal.
COMEX want to keep the Federal Reserve happy too. They raised margins to bail out JP Morgan which is what the FR wanted. Federal Reserve and JP Morgan are all thieving banksters. They all know each other and talk to each other.
Markets today are ALL manipulated by those who profit by it. Smaller markets, such as gold and especially silver, are easily manipulated by big players who know that the CFTC is a toothless, “captured” regulator.
However, those who hold physical precious metals over the long run will continue to benefit as fiat paper and electronic money supplies are inflated without constraint.
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Soros sold large amounts of holdings just before the drop .. in anticipation of or causing it
Silver has really settled into a “favorite price” of around $35. Meanwhile, the dollar will only continue to fall.
Time to start hording silver again. No, I’m not being sarcastic.