Sheikh_yer_Bu'Tay wrote:The silver "spot" has been manipulated for a very long time. There are two different (for me anyway) markets called "silver".
One is the commodities market. It is totally disconnected from real silver now. They have defaulted. They cannot make delivery. It is a paper game the big boys were losing and the US federal government stepped in and changed to rules (once again!) to protect them.
Physical silver is the real deal. If you want REAL SILVER, you are going to have to pay the price the sellers want. It is now a sellers market.
Forget about spot unless you want to play with monopoly money concepts using real FRN's. (That being said, it sounds like Jonflyfish is making a killing at it right now.)
Without the commodities market [your(EDIT-to personal sorry)] silver would still be around 20 bucks right now. The fast movement and ready access are the reason for the growth. Without that it is a dead dog.
Sellers are in it to comeout better than you thats their goal all along they will sell you whatever they can shove down your throat. They never give a negative until the last minute.
Maloney will tell you when to sell after he has sold you his.
Without spot your a blind man who has no connection to a market.(EDIT-This is just an opinion, sounds personal, but not meant to be)
I take it people have given up crash JPmorgue, when they say the two price thing.
You can claim manipulation but where is the proof. I listen to a couple "gurus" (Kaiser, schiff,rogers), no salesman though (kitco, zerohedge-[connected], sprott)
-EDIT-sentence above should have started with 'people claim' -again to personal
One time some guy gave an -'opinion'- about 100-1 silver in comex, but wheres the proof.
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EDIT-This post is sour, I do not mean to be a jerk a##. I've listened to the gurus for 2 years and it has just built up to an unbelievable story.
The biggest thing is 80% of people who invest now or later will get burned I fear by their sources of info.
Forgive my incompetence.