Its gotta be the crazy futures market gamblers that really have no business buying and selling of nothing. In reality they “vote” the prices. And the actual producers and users have to hedge their product to protect themselves from the gamblers “voting” habits.
And sometimes as we all know, re AU and AG the bankers like Goldman Sachs act as flunkies for the gov’t to vote prices lower. Sometimes high too I guess if needed. Well they are having trouble with that MO after 9/11/01. Nat gas went from 10 to 2 with crazy rallies along the way down. I think panic buying is unfolding, possibly also with short covering??
https://finviz.com/futures_charts.ashx?t=NG&p=d1
https://finviz.com/futures_charts.ashx?t=NG&p=m1
Look at this one after 9/11 back to $2 after three decades.
Postscript Document (mrci.com)
Look at Copper after 9/11. Some day the idiots are going to hit a big tree. 🙂
Postscript Document (mrci.com)
Anyone bullish on silver at this price, don’t bother going to the coin dealer. I got some etf, AGQ goes spot times two. https://schrts.co/dnYRVkEe