>>>>>>>>>>>>>>>>>>>>>…” …..yet then why isn’t the price going up?” simple really. High gold and silver prices indicate a weak USD. In a vain attempt to maintain a low price in each to make the USD appear to be ‘strong”, the prices are controlled by ‘paper’ gold and silver futures through the COMEX. When precious metals are finally priced by true market discovery of supply and demand and not via the manipulated hands of banking crooks and corrupted regulators, you’ll see both these metals literally fly!
JPM and Co should be able to crank up their HFT platforms and smash the silver price down to around $16 USD by mid Sept in a bid to off load a majority of their 30,000+ short contracts before all hell breaks loose on global markets Oct 3nd. … and let’s not forget that is also a Public Holiday in Aust on that day!
SVL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
