Please elaborate. I hear this over and over again but no one ever says why, how, or provides evidence. I'm all ears...
There,s manipulation in every market !! so i would not be to concerned about The future of silver since 2010 both are up (Silver) +23 (Gold) +22 and maybe the most unexpected mover (Palladium) +95 !! only Platinum is in the hole at -3 so everything for the most part in PM,s is positive
People who buy and sell PM as a business rather than a hobby are like bookies in Vegas. If one side of a fight starts attracting too many bets ( people anxious about the fighter or rumors of a positive nature, or their friends said it was a no brainer) , then the bookie has to change the odds for new bets ( margin over spot) or offload some bets ( have a bullion sale) to stay on what he considers a good odds balance. Once he changes the odds, the other side has to adjust also.This is manipulation as the lines ( prices, margins) are constantly changing. The best that can happen is his research or maybe inside info makes him money, the worst in their view is to break even or lose. Don't think each bullion dealer is on their own, they have organizations and trade groups so they can all make money by spreading rumors to raise the demand for silver, while the commodity organizations want to do just the opposite and spread rumors of the economy and bank instruments , and a peaceful bright future. It is a mutual manipulation combo. Manipulation occurs in everything related to monetary exchange. Fools can only make money with luck, It is best to find who is manipulating best at the time and shadow invest as they do. Buy or sell, go long or go short. No guarantee, as why should they share their actions with you, a lot of hard work and insight is needed to run your investment
For myself i am in it for the long haul, now just trying to build it up, 5-10 years is the plan atleast on my end anyway.
Amen! Just remember that on peaks, there is nothing wrong with taking some off the top and banking a profit. Rest assured, you'll be able to reload at a lower price.
Recently one of the bullion banks admitted to price fixing the spot price of silver and have an agreement to testify about the other banks who conspired with them. Google it.
They admitted they created fake orders to increase the spot price then pulled those orders just before they were filled. That's manipulating the price upward. When the silver worshippers cry about manipulation they are speaking of the opposite direction.
Orders would have to be on a massive scale, though countries like China certainly Have the power to manipulate any PM,S for example they dumped a huge amount Of copper on the market back in the late 80,s driving the price down substantially I was in the A/C business at the time and i think the price dropped from $2 a pound to $1 in a week OUCH!!
I'm not really interested if there us manipulation or not. Prices fluctuate for any number of reasons. I tend to think it's demand more than anything. Be prepared to take advantage of the cycle and don't expect to get rich tomorrow.
This statement is so true. It seems like some think you have to sell all at once. I see nothing wrong with taking a little profit here and there, even when in for the "long haul".