Posted by byHillTribe on May 2, 2012

400 grams of silver in a tonne of ore

Share

Critical Factors that will Impact Silver.

Click on title link to read more.

Some big changes in the silver and gold mining industry– output dropped nearly 20 percent in 2011. So what’s to come in 2012? It looks like our future in the hands of commodities traders and speculators…

Excerpt: “In order to kill market sentiment, one raid is not enough… several over a period of time are necessary. The last large raid took place on Feb 29th, 2012, when a year’s supply of silver production (paper contracts) was dumped on the market in a single day. The beauty of this tactic is that the manipulators don’t need to do the majority of selling. Once a large amount of contracts are dumped on the market, the algorithms take over and do most of the damage – just like knocking down the first domino and watching the rest follow.”

Reading more and more about commodities trading, particularly silver and gold, makes me want to cry some times. Yes, I’m in the business of making silver jewelry, therefore seeing brokers and traders throwing paper and contract around, pushing prices and or down every day just make my stomach churn. Silver price going up also mean there’s downward pressure on the US Dollar in which case it’s a double whammy for manufacturers like us. It’s not we mind silver price increases but 10% in any given day wreaks foul play and is not fair to businesses like ours. Not that anyone affiliated to Wall Street even cares what we think…

Read the article and let us know what you think.

Share

Leave a Reply