I think letting yourself get caught up into emotionally charged rubbish like this (cartel, raid, etc) is very dangerous.
This feverish pitch gets even worse near major highs, for example remember when this crowd was early last year that when Silver breaches mid $30's JP Morgan was going to be in "big trouble" and it would be their end? What happened? Like any overbought rally it eventually topped out and saw a large correction (all at the hand of these evil cartels if you believe the nonsense spinners).
Silver is a small market, I'm sure there are some big players pushing around the price at significant points, just like there are in other markets.
What sort of volume goes through at major turning points (against resistance) in the FX markets on single pair? I would imagine much more significant $ than occurs in Silver... it's just that the Silver market is so small that it seems significant.
At the end of the day, Silver Doctors, Max Keiser, they all have something to sell, they are talking their own book and they use these stories of grandeur to rope in readers and buyers for their product line (whether that be content or actual bullion in the case of SD).
IMO in these times Silver is a great investment, but don't get wrapped up in the conspiracies as they will be even more persuasive at the eventual bull market/bubble peak than they are now.
Add to My Watchlist
What is My Watchlist?