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<p>[QUOTE="InfleXion, post: 1522938, member: 29012"]I couldn't tell you where it started, but I can tell you it was long before the SLV came into existence. The SLV was created because of the price suppression draining physical supply. They needed to divert demand to proxies so that investors would be satisfied without the real thing.</p><p><br /></p><p>As for the chart, it's all manipulated, and I'll tell you why, because silver is mined as a byproduct. If silver were fair value all the lead and zinc mines would be classified as silver mines - without any change in production, since it's based on revenue. Historically this has never been the case until recently. Also, as I stated, due to margin. Margin allows the market makers to influence the price independently of supply and demand by artificially creating demand when they lower margins or stifling demand when they raise margins as open positions suddenly require additional collateral to be maintained. That is why the chart has waterfalls all over it when there is no reason for such behavior aside from margin manipulation. Sure it may have been maniuplated to the upside as well. We have no way of knowing what fair value is.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1522938, member: 29012"]I couldn't tell you where it started, but I can tell you it was long before the SLV came into existence. The SLV was created because of the price suppression draining physical supply. They needed to divert demand to proxies so that investors would be satisfied without the real thing. As for the chart, it's all manipulated, and I'll tell you why, because silver is mined as a byproduct. If silver were fair value all the lead and zinc mines would be classified as silver mines - without any change in production, since it's based on revenue. Historically this has never been the case until recently. Also, as I stated, due to margin. Margin allows the market makers to influence the price independently of supply and demand by artificially creating demand when they lower margins or stifling demand when they raise margins as open positions suddenly require additional collateral to be maintained. That is why the chart has waterfalls all over it when there is no reason for such behavior aside from margin manipulation. Sure it may have been maniuplated to the upside as well. We have no way of knowing what fair value is.[/QUOTE]
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