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Gold and silver on the move this morning

derrybderryb Posts: 36,795 ✭✭✭✭✭
in Precious Metals
Maybe the banks that have been participating in the effort to surpress prices are now starting to fear a big loss if business continues as usual. Price hasn't been beaten down for awhile, maybe the true market will prevail after all.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Gold and silver are moving up fast. It looks as if $1300 base has been established. Cheers, RickO
  • Wolf359Wolf359 Posts: 7,656 ✭✭✭


    << <i>Maybe the banks that have been participating in the effort to surpress prices are now starting to fear a big loss if business continues as usual. Price hasn't been beaten down for awhile, maybe the true market will prevail after all. >>



    I think so. The open interest is a huge factor...keeps growing. Eventually the banks lose big time.
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  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    I wonder if people around the globe have figured out fiat.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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