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<p>[QUOTE=&quot;desertgem, post: 2142147, member: 15199&quot;]More like they ( SLV principals ) think that the<b> public thinks </b>silver is going up due to many assorted factors, almost everyone being baseless for evidence,</p><p><br /></p><p>If the &#039;word&#039; is that silver is going up, many here would find it difficult to buy 100 oz, let alone 10,000 ounces. But many others ( gamblers ( day traders, etc.)~ those who buy and sell on &#039;inside info, charts, or gut feelings ) can use options on non-delivery contracts to control that amount of silver using fiat money. If they are correct, their profit will be multiple times the ones who buy the physical. If they are wrong, they lose fiat and play again, hoping the bullion sites/experts cause a run up. Even if they win or lose, SLV has to own the silver to back the number of options they manage through an exchange, so the principals will buy more or sell off excess physical, to meet the need. They make their money on the SLV commissions. Last year silver ( SLV) dropped badly, so JPM and SLV used shorts to make their money, this year, even with ups and down, SLV has a 1-2 % gain, so they buy more silver for long contracts. </p><p><br /></p><p>I am sure they try to manipulate the direction, but the newsletters and PM hawkers do a good job, so like &#039;sports betting&#039; they try to stay in the middle and play both sides, keeping the &#039;vig&#039;, other peoples money, for profit. Lots of profit! This is true for other precious metal trusts also, read their documents before investing if you decide such.[/QUOTE]</p><p><br /></p>

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