Count Me In - They are trying REALLY REALLY hard to suppress the price of Gold and of course (the baby child) Silver. They are worried that they will have to deliver and do not have the stock, which means, they will have to buy and premium prices - this of course will push up silver, for their next round of 30day CRIMEX contracts.
I have a contact (we worked together some years ago) who lives in Baltimore who was a trader at BS until 2009, but his brother works as a finance advisor to one of the big banks. When always bring these discussions up and he laughs, saying his brother knows how internally corrupt the process is, but they are there to make $$ so they continue to do it.
I suppose the day of reckoning will come similar to that of the US Housing crash of 2008
SVL Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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