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"If you're a copper miner, you don't care about the price of silver. You just pass it off to your bank for them to sell at any price they like. That puts a lot of pressure on silver prices," explains Morgan.
Apr 30 11:39 am
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All Comments by ZZ »The Bullish Case for Silver [View article]
Load of crap. The futures traders set the prices of everything and even the largest company's seem to have no control. Ever heard of Exxon saying, "Our price today is $75 a barrel?"
"The natural gold/silver ratio, or the amount of silver coming out of the ground relative to gold, is closer to 8 to 1," says Morgan.
I thought the prices of gold/silver were used to compute the ratio, not how many oz. are mined?