Back in the summer of 2015 I alerted myself to the relatively low price of silver, I was convinced that it had to jump into the twenty dollar range in 2016. The post election price action in November 2016 removed any skepticism on my part that there is price manipulation to the downside in the precious metals market. Two years on heading into the summer period that historically brings downward pressure on the market I continue to wonder how the price is below $20.00. The demand from the medical and electronics industry alone should bring higher prices? Would be nice to see some price manipulation to the upside from hereon. Can someone please explain to me how an ounce of silver can be bought for under $17.00 in 2017?
My only explanation is the market is being controlled/rigged.
Both Gold and Silver should be much higher based on market instability and demand.
The precious metals folks have to be pissed off right now, but I still see it going up exponentially once the next downturn in the economy hits.
Hopefully everyone keeping the faith will be rewarded soon as we have seen with the crypto market.
Manipulation through paper contracts/derivatives are the only explanation. It can't last forever, but it can last longer than most are willing to wait.
Yep, has to end at some point, but who knows when.
we all know it is rigged Desutshe Bank testified in american courts to rigging the price....because this is contrary to the dollar and until they are ready this is what we have
Right now silver's spot price is 16.85 per ounce. Most dealers charge a markup. However, if you buy large quantities, like hundreds of ounces, then the markup may be very small like only 5 cents or so.
I guess one day this will be seen as a buying opportunity missed for many.
Oh for sure. I think it's once in a lifetime.
Ok, this isn't simple. JP Morgan has been publicly establishing huge positions long silver. It has involved the SCOTUS already.
However, despite the massive positions at prices up to $200/oz. JP Morgan is actually and secretly colluding to short silver with other players in the global Rothschild fractional reserve banking system. JP Morgan is taking the hit for the team.
Had JP Morgan actually accumulated physical silver, as they are supposed to have, the price would indeed have risen. The price of silver has NOT risen. They do not have hundreds of millions of ounces of silver in their vaults.
They do have paper positions. These positions are being covered. Rothschild controlled banks have accumulated a naked short of around 950 million ounces of silver, covering the losing long positions publicly taken by JP Morgan.
This is not legal, but it's secret, and since it's hemorrhaging cash, who's gonna even believe it?
The belief that JP Morgan has ~350 million ounces of silver in it's vaults creates the assumption, on one level, that they are waiting for the price to break upwards, when they will profit.
For those that are aware of the massive naked short, that huge stash presents a means of protecting the Rothschild position, as huge releases of that hoard (over 7 times global yearly production) would cause the price to plunge - thus making the short position a money maker.
The real game is to crash fiat currency, and drive flight to cryptos, which Rothschild will control. That supposed hoard of silver will prevent flight to silver as a currency when the fiat crash comes.
That's my theory.
Thanks for sharing, appears the price of everything is rigged up or down.