Loading ...Well put … this is just like a left-wing commie report.
Silver is getting attacked (much harder than gold because they still need cheap silver) … and because they can … and they want to drive the Gold/Silver Ratio back to 100 to show that … at least in America … digits rule. (This goes along with their plans for the Dollar, etc)
Of course … in the old days … silver would be down $3 right now … not up $3.
Metals Daily Exchange Volume & Open Interest – CME Group
Unfortunately for them … and in spite of extremely high margin rates at CME … this won’t last … because everybody has caught on to the “fractional game” and prices are increasingly being driven by physical offtake (buying).
CME silver open interest is in the buy zone … plumbing 2-year lows (same for gold) … where other such raids have only been attempted at much higher levels.
This of course does not mean they will not have some success in coming months … as with their raid earlier this month … where because of this raid … some traders/investors? … are riled up … and thinking the move in PMs is suspect … if not over … which of course is far from the truth.
So investors should embrace any such volatility in coming days … given the current monetary system … including any new digitization twists … as you can see in the post below (along with all the others) … higher PM prices are not a matter of speculation … but a consequence of all the shenanigans … making participation a requisite for all those who want to survive what is coming.
Mornin all