Another day, another silver flash crash! The latest silver bomb occurred just after the market opened on the New York Global Exchange. Silver plundered yet again, this time, losing over a $1 per ounce (over 5%) in about 15 minutes.
These flash crash waterfall charts have become more of an amusement than anything else. To my knowledge, there has not been a significant supply source discovery, nor has there been a significant change in demand for silver in industry. So can we chalk this take down as another score for the global bankster cartel? There is this explanation from Zero Hedge. Another possible explanation may be the default in Hong Kong as noted by Silver Doctors…..lower paper price means lower cash settlement.
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