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More "paper" silver (fake does not exist, not on the elemental chart), has been dumped onto the market today than in an entire year of actual mining production.. thank you JPM! Because IMO this is the buying opportunity of a lifetime ... @GregMannarino
1/ Not going to go on about manipulation in the PM space. There is a way this can be stopped: it would require the Producers to withhold sale of product, its that simple. Starve the banks of supply followed by investors taking delivery of physical. When supply dried up ....
2/ .. in April, banks were scrambling to find new sources, whilst the gold/silver prices rocketed. All happened within a few weeks, which indicated they didn't and probably still don't have much supply.
The sector has underperformed and is horribly undervalued for good reason - why would Fund Managers want to be invested in a sector that is so easily manipulated. I too ask myself as a retail investor this every time a year's worth of paper production is dumped .....
... on the market for no good reason. Last night was farcical to say the least, the US economy is sinking quicker than the Titanic and these fools dump a year's worth of production via their ponzi paper derivative scheme to not only kill price, by worse still, sentiment.
As investors flee this space and move into other assets like Bitcoin, I can't help but think it is just one big set up. It is the perfect game plan for big Govt/CBs.
The whole system is rigged and held up by tooth picks guys, be careful out there.
