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Silver prices trend from the 70's
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<p>[QUOTE="InfleXion, post: 1687037, member: 29012"]The Hunt brothers bear the brunt of the responsibility for what happened in 1980, but it could not have happened without help. They were just the most public losers when the CME changed the rules. It was a result of market psychology, insanity, whatever you want to call it, not 2 guys plotting to corner the market in a vacuum although they certainly played a role. Without others assisting the cornering along with herd mentality it never would have happened, so there's no reason to assume it can't happen again, nor is there any reason to assume it will. </p><p><br /></p><p>Since the comparison in the article has not reached a point of correlation with the run up in 1980 that particular aspect irrelevant anyway. The correlation prior to the market insanity is valid so far (within the cherry picked scope definition), and that doesn't mean it will continue to correlate, but it is possible. Just look at what happened with BitCoin. Markets have done and will likely continue to do crazy things on occaison.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1687037, member: 29012"]The Hunt brothers bear the brunt of the responsibility for what happened in 1980, but it could not have happened without help. They were just the most public losers when the CME changed the rules. It was a result of market psychology, insanity, whatever you want to call it, not 2 guys plotting to corner the market in a vacuum although they certainly played a role. Without others assisting the cornering along with herd mentality it never would have happened, so there's no reason to assume it can't happen again, nor is there any reason to assume it will. Since the comparison in the article has not reached a point of correlation with the run up in 1980 that particular aspect irrelevant anyway. The correlation prior to the market insanity is valid so far (within the cherry picked scope definition), and that doesn't mean it will continue to correlate, but it is possible. Just look at what happened with BitCoin. Markets have done and will likely continue to do crazy things on occaison.[/QUOTE]
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