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S W
Member since May 2012
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LBMA Silver “Price”: A Perfect Storm of Stupidity - Bron Suchecki - Perth Mint

There is no doubt that the Comex can be used as a casino for those who want to trade Silver up/or down or maybe some just wish to take a small punt. Hell sometimes I do with a small modicum of success. Its a hard one to trade,I admit.
I am an end of day trader.
It makes no difference to me whether the markets are crooked,rigged,manipulated and or fixed or not !( choose your own belief).
Fact is, at the end of the day, it makes no difference to the way and why I trade Silver.
Its all noise.
Keith Weiner explains the Silver market very well.
PS there is no shortage of silver. There may be one day, but not now!
If you bought some today it may turnout to be a good investment.
Gold wins hands down, for mine.

Commented 3004 days ago

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Beginning of the headline :Since I’m partial to a bit of alliteration in my post titles, it is just as well that the Fix had a name change because there is a word beginning with F that describes what happened midday London yesterday (and that word is Farce – go wash your mind out with soap). Anyway, “storm of stupidity” is probably a better fit because it looks like a combination of price insensitive sellers using what now appears to be a closed-end fund. Before we get underway, I want to address the manipulation argument... Read More

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