I believe the run to $50 was as a direct result of the Hunt brothers trying to corner the market. This is not manipulation but rather someone trying to buy up all the loose silver around and the investing public following these guys for the ride.
The fact they were unable to corner the market meant people fled and the price fell hard.
All these things are what free markets are meant to do.
So there was no manipulation but yes the Hunt brothers forced the price up and failed only to see it fall.
What concerns me is interventions by Government to stop upward movements in free markets by price capping or confiscation of precious metals.
Whether currencies, stocks or commodities they should be allowed to be priced by the market..... exactly what Bernanke is not doing with treasuries or in fact currencies. Printing free money is not a definition of a free market.
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