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Silver Wheaton Corp. Message Board

  • petechamps21 petechamps21 Feb 15, 2012 8:52 AM Flag

    Manipulation in London Again

    How many times has silver been pushed back under $34, immediately after London opens? Same with $1750 gold. It's obvious, and it smells bad!!!

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    • Friday is options expiry. The tug of war the last few days around important round numbers, SLW $35, EXK $10, SVM $7 will continue the rest of the week IMO.
      We should get a bounce next week when all those shares sold to push the price below these threshold numbers are repurchased.

    • That often happens. Many reasons. Settlements of opening and closing IMF and central bank rates.

      The CME Daily Delivery Report showed no activity in metals today. Just a few copper deliveries.
      SLV had 1,068,890 ounces of silver that were withdrawn on Monday. GLD almost none.

      It appears that the Government is not letting the Mint report sales as often on a daily basis, Again, none this week so far.
      Over at the Comex-approved depositories on Monday they reported receiving 1,197,273 ounces of silver...and shipped 865,076 ounces out the door. It is the Government's new model I believe to hold back interest rates.

      They will use news to their liking. Such as in Syria, the Strait of Hormuz and Greece. On Monday there were several downgrades in the Euro-Zone, and there will be some BIG ONES to come.

      With news, it depends who is printing it. The same with articles on currencies, gold and silver. That is a key for direction as to who the players are. A real large life message board.

    • I have been reading several articles and it appears the gov't doesn't want the gold price to go up too fast because the public will see that conditions in the economy are worse than they are projecting. Shall we call this manipulation.

 
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