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Just my own personal thoughts on silver and the un-easy market conditions.
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<p>[QUOTE="mit26chell, post: 1217082, member: 27402"]Nothing conspiratorial about your post at all. The situation is what it is.</p><p><br /></p><p>When COMEX decided to crash the silver price recently, it was interesting to see how little the drop of the CME silver spot price had on the price individuals were, and still are, willing to pay for physical metals in real-time markets like eBay. While the silver spot price plummeted down to the low $30's, people were still paying over $41/$42 per physical ounce on eBay. It's adjusted a little further downward in recent weeks, but it seems that many understand the spot price is more reflective of the ETFs /paper silver. CME can manipulate the market all it wants, but from my understanding, in the end, their manipulations will only mean higher silver prices, as the market will correct the price to actually reflect the value of the metal and what people are actually willing to pay for it.[/QUOTE]</p><p><br /></p>
[QUOTE="mit26chell, post: 1217082, member: 27402"]Nothing conspiratorial about your post at all. The situation is what it is. When COMEX decided to crash the silver price recently, it was interesting to see how little the drop of the CME silver spot price had on the price individuals were, and still are, willing to pay for physical metals in real-time markets like eBay. While the silver spot price plummeted down to the low $30's, people were still paying over $41/$42 per physical ounce on eBay. It's adjusted a little further downward in recent weeks, but it seems that many understand the spot price is more reflective of the ETFs /paper silver. CME can manipulate the market all it wants, but from my understanding, in the end, their manipulations will only mean higher silver prices, as the market will correct the price to actually reflect the value of the metal and what people are actually willing to pay for it.[/QUOTE]
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Coin Talk
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Just my own personal thoughts on silver and the un-easy market conditions.
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