It should be obvious to anyone who looks at the long term charts for silver that the metal’s price is being manipulated. In the early 1980’s the price peaked at $49.45/oz and in the first quarter of 2011 it peaked at $48.58/oz. It should go without saying, with inflation, that the price SHOULD be much higher now. Looking at some of the comments on this message board it should also become obvious that some are in massive denial over this, or have cast their lot in with the manipulators. And here is why.
1. Asian markets including India, China and Middle East PM markets are thriving. They can’t get enough PMs to put before buyers.
2. Western manipulators appear to be disadvantaging those in their sphere of influence to let lose of their PM investments by plunging the price, which ends up benefiting the above named. Why? Perhaps they hate our previous prosperity granted through the liberty we once had and are on a pathway to steal it to create their dream of a one world government forced on a people ultimately destroyed economically to the point that resistance is impossible.
3. The question of how the price can be plunging when demand remains high is a fundamental violation of economic principles. The only way price can go down in the face of demand is because of a cartel that is setting the price, and not the market.
4. With industrial demand remaining high, and set to go higher if we are to believe in the so called “recovery”, where is there supply to satisfy the needs of PM industrial users? Is the answer that it has been forced out of the hands of those who sought to protect themselves but now must relinquish that protection to, in one example, supply the needs of industrial users, or foreign markets.
If you really want to cheer yourself up read: “Silver: Will it drop to $10/ounce?
Up-date N° 26 / June 18, 2013” by P. Zillman.
“I don’t understand how the " manipulators " JP Morgan ? can have a reach into India, China, or Malaysia. …”
As far as how gold prices can be manipulated, much of this control is through the petro-dollar. See: “Petrodollar warfare” in Wikipedia.
Since oil sales MUST be settled in dollars, and oil is such a ubiquitous necessity for all nations, value of the dollar inversely impacts the value of PMs. Dollar value is manipulated by Fed operations through such actions as QE (Quantitative Easing), and lately by the Fed’s new concept of “Tapering”. If all of this appears as “gobbledygook” to you, that was meant to be. Nothing the Fed does has transparency in order to hide the real objective of world domination through the control of money by the interlocking international operations of central banks. FDR’s seizure of gold in the hands of Americans is an example of the importance governments place in taking liberty away from the People and replacing it with government and central bank edicts.
Nixon’s removal of international settlements in gold and replacing it with fiat monopoly money is a more recent example that should answer your question. Fiat money has evolved in the age of the Internet to such an extent that a simple entry in computerized central bankster ledgers impacts “money” flows internationally in real time.
Criminal intent eventually gets exposed when the People become wise enough to demand change as the scam becomes obvious and transparent. If change is to have any permanence, however, there has to be Draconian punishment that matches bankster crime. This was placed into law in the Coinage Act of 1792. This may never take place in the United States, but is likely in other countries, at which point there will be “weeping and gnashing of teeth” by US central banksters over the treatment of their brothers in crime elsewhere.