Phantom,
Unfortunately, one can't ignore the paper traders & the banksters creating more paper contracts / derivatives because they are using this manipulated supply and demand volumes to "set" the prices.
These derivatives (including PM's) are similar to the seemingly endless creation of currency under the guise of quantitative easing (QE).
I honestly don't know when unmanipulated prices will prevail for both gold and silver.
What is required for unmanipulated prices is the removal or banning of derivatives related to precious metals.
Will it be done willingly - I don't think so because the current setup is very profitable for the banksters.
The most plausible scenario might be the total collapse of the global financial system along with the derivatives markets (precious metals included) which form an integral part of it.
If and when will this scenario occur - I don't know? and sorry I can't satisfactorily answer your question, but I do like so many others share your frustrations.
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Phantom,Unfortunately, one can't ignore the paper traders & the...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 314950 | 4.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 314950 | 0.040 |
4 | 646024 | 0.039 |
5 | 591062 | 0.038 |
3 | 420000 | 0.037 |
4 | 920000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 1077267 | 1 |
0.042 | 509786 | 2 |
0.043 | 319661 | 3 |
0.044 | 180000 | 1 |
0.045 | 447333 | 3 |
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