Ok let's cut to the chase. Gold and silver are still at record highs. FACT! The cat isn't dead so there is no bouncy pussy cat. Holding actually gold or silver in you sock draw is fine. Holding stocks in mining companies, is a better strategy for me though. Because I get dividend income. Or I bank resources in the ground still. It's better than a bank vault.
It's so obvious what is happening, why doesn't Everyone understand? The drop in silver And gold is very simple. Its actually not a drop at all. It's a manipulation of a bit of meaningless paper. WAKE UP. If you buy a futures contract for silver for example, you need to sell it before it expires, because if you excise the paper, you are not getting silver. It's a bit of meaningless paper.
The banks know it. And they just ripped off all the silver paper traders. They increased the margins to force margin trades. On Friday they ripped off all their investors. Forced sales, they lost everything. And the bank swooped in and could bank huge profits walking over the dead.
Future trading was originally set up to provide a level of certainty For miners, farmers etc. A hedge against volatility. Now it's just pure manipulation. I look forward to the wankers chocking on their paper silver. What happened Friday was criminal. They used insider information to profit massively at the expense of all smaller investors. And it's not the first time.
So it's not a dead cat bounce, for miners or holders of minerals. But it's definitely a dead cat bounce for paper silver. It's going to zero
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