All bull markets naturally flow then ebb, taking two steps forward before retreating one step back. Their price action gradually meanders around uptrends. This normal upleg-correction pattern keeps sentiment balanced, extending bull markets’ longevity. And it is a huge boon for traders, greatly expanding bulls’ potential gains. Look to aggressively buy silver and its miners’ stocks as this silver correction runs its course.
The notion that silver is just an “Industrial Metal” was utterly destroyed today as both the copper and oil prices were crushed as silver surged higher. This is precisely what I was looking for as a positive sign showing that silver is now disconnecting itself from the INDUSTRIAL METAL BALL & CHAIN.
As expected, the settlement narrowly focuses on spoofing, the illegal short term trading device and not the much more serious long term suppression of silver (and gold) prices that I claim JPMorgan has been guilty of since 2008. As such, any claims by victims of JPMorgan’s illegal activities would have to show damage from very short term trading, a difficult and expensive undertaking. As I have explained previously, were the Justice Department and CFTC to have alleged a long term suppression…
What you first need to know is that Bullion Bank price manipulation in the precious metals has been going on for decades. And don't think for a second that a few fines and convictions will suddenly bring all of this to an end. There's too much easy money involved for a Banker to simply walk away. Just today, as I type, we saw this latest action in COMEX silver. No other market was moving at the time, so the only plausible explanation is a massive spoof, no doubt placed by a Bullion Bank trader.
To start off this year’s SilverFest, David Morgan "The Silver Guru" gave a state of the silver market address.
He talked about what’s happened, where things stand now, and what to expect going forward.
The top three official mints sold a great deal of retail silver bullion products in the first half of 2020. However, the sales figure could have been a great deal higher if the various government mints weren’t forced to shut down production. The top three official mints in retail silver bullion sales are the U.S. Mint, Royal Canadian Mint, and the Perth Mint.
According to the data from the 2020 World Silver Survey, for last year’s figures, the Royal Canadian Mint sold 25.8…