View Full Version : Manipulation of the silver markets
mr_self_destruct
10-10-2008, 07:07 PM
I hate to say it as I own a bit of silver, but it's becoming obvious the silver markets are manipulated.
Today the silver price plunged 19%, even though the world economy is completely fucked!
:mad:
checkmate
10-10-2008, 07:09 PM
Check this out if you want confirmation:
http://seekingalpha.com/article/91357-the-disconnect-between-supply-and-demand-in-gold-silver-markets
mr_self_destruct
10-10-2008, 07:18 PM
My silver dealer has been selling out of coins virtually as soon as they come into stock...and yet the price plunges (over 20% now) in one day? I smell something fishy.
checkmate
10-10-2008, 07:40 PM
Go back in history to find your answer. Look at the Hunt brothers who tried to corner the silver market. That is what is happening now in my opinion.
The demand is high yet the price drops as well as the availability. People are taking their money out of the market and banks and investing it in precious metals (some have been doing this for decades). There is a push everywhere to invest in precious metals (which are peaked out). Once there is no availability, the price plummets like the market, people try to unload whatever they have before they become worthless and someone out there buys it all for pennies on the dollar.
danster82
10-10-2008, 07:47 PM
The same happened to gold and so yeah of course it obvious look at the bullion dealers they have stop taking orders for coins news of ques outside them and so today the price gets hammered in a climate where it can only go up.
They are being manipulated its near impossible to conclude anything else for such massive short positions.
gold is down roughly 80dollars per ounce today
checkmate
10-10-2008, 07:48 PM
Yep, prices down and the demand has never been higher!:rolleyes:
mr_self_destruct
10-10-2008, 08:12 PM
Fuck the New World Order!
checkmate
10-10-2008, 08:41 PM
Just hang on to the precious metals, they are going to make it look like they are worthless but they won't be. Like the market don't panic.
If you read the link I posted I'm sure India would be willing to pay overmarket price for them and wouldn't be surprised to see agents sent out worldwide to purchase them.
psych641
10-10-2008, 08:58 PM
Keep an eye on Franklin Saunders daily commentary on http://www.goldprice.org/ , he seems to know the score.
I think he mentioned a week or so ago that silver & plat would be attacked (devalued) by TPTB shortly. The objective for this, he says, is that doing so tends to lead to a correction in the gold price (the real motive), which will help boost desperately needed confidence in their fiat paper currencies.
mr_self_destruct
13-10-2008, 07:53 PM
At least the price suppression doesn't seem to be working too well...as silver's now back to exactly where it was before the last price crash.
mynameis
13-10-2008, 07:56 PM
Gold demand went up but the pricing fell. How's that for manipulation.
http://www.prisonplanet.com/blatant-banker-manipulation-of-gold-prices.html