Silver getting crushed today

Hmm silver has not really moved in days now. Well I guess it has moved it just settles in about the same spot.

 

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The manipulators are playing their games.

 

What drove the prices up a few years ago? I know it was a massive manipulation back in 79 , the trend looks the same as last year.

 

Looks like Silver is going to implode and drop down to $2.50 an ounce pretty soon, Silver Rule 7 or not.
Either that, or hold steady, or go up or down.

 

We know the 2nd U.S. Circuit Court of Appeals overturned the decision in the silver rigging case against JP Morgan last week. It was originally dismissed in June 2016 when the Judge (who is in the pockets of the big boys) threw out the lawsuit against them. We know that JP Morgan monopolized the silver market. There will be further litigation and discovery. What specifically drives them up and down? Most of us don't know yet but it's obvious that price rigging occurs, and has been occurring and will likely continue to occur so long as the big cheeses are allowed to break the law.

 

I think @Bman33 is closing in on 1/2 billion oz of silver lately.
Then there's China, India and Aliens.

 

Lol, yeah, warehouses and warehouses of it.

 

Care to elaborate with a bit more content?

 

My 1/2 billion ounces of silver that's stored in warehouses on a hidden Island in the Pacific.

 

I've seen it. It's real.

 

I see. Sarcasm devoid of content. Gotcha.

 

Can you lease me some space for my AGEs? Fort Knox keeps raising the friggin rent.

 

Light-hearted banter. One of the things that some of us enjoy about the place.

 

My mistake.

 

unless one really learns about the stock market and is an insider the best you can do is read stories after the fact. You can follow trends of buy/sell quantities and watch what happens live in the markets. But with so many ETFs etc it's hard to discern anything nowadays. Plus futures seems to be driving the market, so I'd ignore the actual "spot" chasing and look into what drives PM futures and how those future are/can be affected by manipulation on a global economy.

 

So how would one learn more? I am interested in learning as long as there are lots of pictures. LOL And not a ton of reading.

 

A few years back, gold and silver had a bull market because many thought quantitative easing by the Fed would tigger hot inflation. It didn't and the PM sell off occurred.

 

ummm ... no pictures. Just tons of reading.

and you're venturing into global economics which mostly are not directly related to PMs. PMs can be driven by economic decisions or non-decisions. And tweets.
or emotion .... aka a perceptial meltdown in Greece, France, Spain, Italy, Germany, etc. or an actual meltdown.

 

If that is the case silver could be overvalued then?

 

But perceived things are ALWAYS more important than actual ones.