Silver’s Spike | Nothing to See Here Folks | May 20, 2013

  • Posted May 21, 2013

Once again, in ‘nothing to see here, folks’ news, the market irregularities in precious metals continue. Previously, yesterday’s silver bomb was brought to light, in which we saw silver tank to open trading. This drop was not because of any change to the fundamentals, and that is why it was newsworthy. But even more newsworthy was the action of silver the rest of the day. It actually made a violent swing back to the upside overshooting it’s original open price. It jumped almost 15% off of it’s low!…in less than a day!

Now, i think there are quite a few people who would be pretty happy to see a 15% return over the course of a year on an investment. So just imagine how one of those ‘connected’ people felt when they pulled off that little magic trick in one day. There is not much more to add to the discussion.

Elsewhere you will see all of the….”There is a cartel out to manipulate the metals markets!”…and the … “Federal Reserve is distorting markets!”…and the… “Hong Kong exchange doesn’t have silver on hand!”…and on and on it goes. Then you will see the… “For sure this is the bottom!”…. and the…”Yeah! Those short sellers are really sweating now!”… and, of course, the….”The game is over! We will see 2,000 silver next year!”

While the manipulations are true, I have no idea when the masses will view silver at it’s proper value. Next week, next month, next year, I don’t know. But I do know that I view it at it’s proper value. The world can join me and others like me when they are ready to wake up. For now, I’m just going to enjoy these graphs and nonchalantly laugh at the whole charade. I encourage you to not be discouraged, but to get a laugh at the charts also (and view silver at it’s proper value if you don’t already). Living well is the best revenge. Now just move along, there is nothing to see here.

silver swing 1 | Silver's Spike | Nothing to See Here Folks | May 20, 2013

silver swing 2 | Silver's Spike | Nothing to See Here Folks | May 20, 2013

  • Shawn W

    looks like a short squeeze to me. I’m still a bear till it hits $18-19 level

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