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RE: WOW! My short term predictions still coming good....silver continues to rally - evening update

in #steemsilvergold7 years ago (edited)

Thanks for sharing this. I have conflicted feelings on charting precious metals because it is clearly such a highly manipulated market, driven by intervention and not by market forces.

If all these "contracts" resulted in an actual exchange of metal, that would allow market forces to exert an influence on the determination of price. But we have a situation where people who actually own metals, watch as traders dump huge "paper" contracts at the end of a good day for metals, just to drive the "fix" down (fix in the truest sense of the word.)

That said, I do check out charts. Yet, I suspect some event or series of events must happen before actual market forces determine the price for precious metals at their true value.

For example, just looking at the increase in the money supply over the past ten years (world wide via central banks), it would only make sense that the price of a scarce commodity would grow at least in relation to the expansion of the money supply. Thus, even silver at $30 is a sad joke.

Beyond that, I'm new to steemit. I very much like the idea of this community , but I have a question: is there an actual #steemsilvergold "community" or is this simply a hashtag?

From the procedure, I'm assuming Steemit does not have a function that allows users to form a group. It was rather tedious clicking on so many profiles to follow members, and if we are fair to new members, this will be an ongoing task as new members "join."

Edit: Again, I think the idea of a community is a great idea, but it seems unworkable to me. When the writer of the above post was nice nice enough to upvoted this comment, but for whatever reason didn't follow back, the situation became clear to me. I understand folks are too busy to ensure that they follow new members to the community, yet without that there is no community. So I took the time to unfollow those who didn't follow back, and in fairness to the "community" I won't use your hashtag for future posts. It's isn't possible to delete, but I did erase two posts with the "community" hastag.

I think I will revert back to my original intention of simply rewarding YouTubers whose content I enjoy with Steem upvoting. If I do find something I think might be interesting or useful in the future, I'll simply use the conventional tags.

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@roused , yes there is an actually community, but yes we operate within the limitations of what the platform offers. It is still new (not even a week old), so we are still finding our way. Members following each other is really the best way to make it work, but I see your point about not everyone following back.