Loading ...I just bought some SBSW to cover them, I also bought more ASM the best performing Silver stock. Its up 132% from April 7th.
I suspect the Federal Reserve which is pro global, does not want to lower rates simply because it would send Gold right past $3500 in a NY minute, and on to new all time highs.
Seeing that Copper Platinum and Palladium are making new highs, they should give Silver a nice boost soon too.
In my opinion, the Fed Res Act of 1913, so the USA can finance wars, and which took away our independence, and gradually weaned our system of Gold and Silver money, and caused the roaring 1920s, which led to the great depression, which then led to WW II Korea Vietnam and other wars along with tons of inflation.
Well in my opinion 9/11/01 has slowly killed the Fed Res Act of 1913.
The big question now is how AU and AG are going to be tomorrow in front of a long weekend. I heard long ago futures players are afraid to hold during week ends.