Loading ...There’s nothing wrong with the charts, they work pretty well for the most part in every other sector. We’re just in the most manipulated sector in the world. Nothing else goes up one day nicely and then reverses the next day as consistently as the pm sector. Fundamentals have never mattered either. It’s a bad joke.
I think Trump and Xi and all the bankers that accompanied Trump made an agreement to cap the silver price. Shanghai has been trading strangely. Last night the pm fix dropped $3 below the am fix for no reason at all that I could see. That was a guarantee we would get smoked today.
They’ve successfully taken out the general public and these coin shops are loaded with inventory and paying well under spot to sellers and there are no buyers. Joe 6-pack is afraid silver will go back to $30 – righty so. That leaves only the industrial sector and the governments are more than happy to help them get prices down. We are in a no-win game.
I guess we were lucky to get one decent year out of 15. These guys on YouTube screaming about $300-$500 silver are clowns.