CFTC Finds Evidence of Silver Market Manipulation
December 2010 by Scott HarnThis is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
One of the oldest sayings we all learned as children was “Water, water, everywhere, but not a drop to drink.” Following developments during the past month, we might rephrase that as “Questions, questions, everywhere, but not an answer to truly trust.”
While most prospectors, mine operators and business owners are aware that “like-kind” exchanges can be an excellent way to postpone the gain resulting when any of the operation’s assets are disposed of, few give any thought to the value...
...controversy and animosity seem to be steadily increasing, quite possibly to the benefit of our precious metals as gold is now resting comfortably above $1,300—the highest level in more than two years as of mid-February.
This collection of positives augurs well for strengthening worldwide industrial activity leading to upward price pressures and eventually rising inflationary expectations—all of which have historically positive implications for gold and silver...
All we can say is “Welcome to 2012,” and if the first part of January is any indication, it is going to be quite a year on many fronts from the ongoing international financial crisis to the progress of a presidential election set to end this coming November.
...as a holder of contrarian points of view, I am somewhat delighted to see the recent enormous surge in published negative commentaries regarding gold's future.
The Bawl Mill • Ask The Experts—Iridium • Ask The Experts—Highbanker legal in CA?; Best place to sell raw gold? • Ask The Experts—Using classifiers • So, Where's The Gold?—Finding Gold Detectors Miss • The Oregon Claim • Forest Service v. Michael & Linda Backlund • Highbanking on the Feather River • Gold in Arizona • Detecting for Gold in Australia—The Kimberley Trip • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices