Peopole keep saying shorts manipulation by jp morgan. I dont think we have had more then one day of silver going up in the last few months. Boy its scary to think how low silver will go once the fed quites pumping money into the system. You would think silver would be in the mid 30's right now. Very frusturating.
I have never traded in commodities, but I study what the Commercial's, so called smart money are doing, via the COT report. Lately on a net week to week time frame, they have been net buyer's of silver.
It is literally impossible for the FED to discontinue pumping that robust supply of new money into the system no matter what their rhetoric might be. Have you looked at the treasury sales the past couple of months? No one much wants any more. They're selling like day old fish tacos. I can't say that I blame them because not only is the return anemic but the risk of default is growing day by day.
One things for certain, though. It would be in everyone's best interest to diminish as greatly as possible one's exposure to the banking industry in toto.
It is and has been frustrating. I thought the stock would go higher today and still may going into the close because some investors will want that dividend. Also, Cyprus banks are set to open tomorrow and I expect chaos over there. Precious metals will rise more tomorrow.