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  • Citi warns on silver [View news story]
    Along with all the other good points made in the posts above mine, this article totally neglects the demand coming out of India. Jewelry demand is buoyed by gold suppression and industrial demand will go way up due to the major solar power plant being built in northern India. That plant alone will suck up 70 million ounces of silver to build and 20 million ounces to maintain.
    Mar 3 11:27 PM | Likes Like |Link to Comment
  • Precious metals slide as taper set to grow [View news story]
    I see this price action as short covering on the 'paper' GLD and SLV markets. The PM market has the jitters after Germany announced it's investigation into the price manipulation of the London Gold "Fixing" group. DeutcheBank immediately responded by putting their seat up for sale (no guilt there...). I suspect if Germany continues its investigation that it will lead them across the Atlantic to the steps of our Fed Reserve and other central banking co-conspirators, such as JPM. This should be interesting to watch, though I doubt we'll get much media coverage here in the States.
    Jan 21 10:35 AM | Likes Like |Link to Comment
  • Precious metals slide as taper set to grow [View news story]
    This looks like manipulation and short covering on the gold/silver "paper" markets. Just wait until Germany's investigation of manipulation by the London Gold price "fixing" leads them across the Atlantic directly to the doorstep of our Fed Reserve and major Central Bankers like JPM. The gig will be up soon. Manipulators will scurry for cover, just like DeutcheBank is doing now (i.e. they immediately put their London Gold Fixing seat up for sale when the German accusations story broke on Friday).
    Jan 21 10:35 AM | 2 Likes Like |Link to Comment