Can somebody tell me why on a day that silver is down, the miners are up? The reverse happened two days ago, silver was up strongly and the miners were down. I'm new to silver miners and things like these make no sense to me.
The bullion banks also trade precious metals stocks. They manipulate the prices of precious metals. Before beginning a downward price manipulation, they sell precious metals stocks. So precious metals prices can go up and the stock go down the same day. Before beginning an upward price manipulation, they buy precious metals stocks. This contrary action is a tipoff that a reversal in the precious metals stocks is about to occur. With their insider knowledge they can make a lot of money trading stocks. Notice how today EXK finished at the same exact price as yesterday despite the wide daily range? Some J.P. Morgan stock trader probably won a bet in accomplishing this feat.
Exactly. Made that point many times myself. Also gold is sometimes still used in the settlement of oil sales. The banks will have positions in long dollar - short gold or short dollar - long gold. Banks will be long dollar for many reasons since they have control over those reasons. They also know ahead what the FED minutes will be and all other numbers coming out of Washington. The biggest scam is they set gold, silver and copper prices for London and then for the open in New York. Banks also have many wealthy private clients that they need to make money for and it's never all in one direction. Banks control the economy and they don't always want everything to be good.