We're reading that the Silver Crimex is on the verge on failing and yet the price can be taken down like this. I can't believe that everyone is so stupid that they would sell off like this.
It seems to me that if we're aware of this fact, a whole bunch of much more sufisticated investors would also know this. Perhaps what we're reading isn't all that true?
I know that there's lots of manipulation out there, but the markets are still the markets and in the long run manipulation only serves to delay the inevitable.
If this wasn't true, Gold would still be at $300 and Silver at $7.00
And if someone replies to me that this is the last drop before a major run to permit the shorts to cover, well I have some land for you, a bit wet but don't worry about it!!!!!
There's more to this than meets the eye.
Later