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Friday, July 14, 2023 10:30:12 AM
The big silver salesmen like Provident, JM Bullion, Apmex etc are surely involved in this scam. There are other smaller sellers that simply truly believe that silver is going to the moon because they have fallen for it. The smaller players simply jump on board. Like the Youtube guys. Or the Ebay people.
The big guys FOR SURE know how this game is played. THEY coordinate their ads and hype to coincide with the market movement. They know that the price is going to go up and they prey on retails ignorance. And people want to buy when the price is going up. So RIGHT NOW there is a peak in interest in silver because it has gone up over that last few days. People jump in on the way up. They buy at the top. The metals salesmen know this.
I believe that is why you are getting slammed with ads. Pay attention in the future. Watch the hype and how it is timed with delivery months and non delivery months. Because you now KNOW when the price is going to go up and down. So do they.
So yesterday they dumped 94,049 SLV futures into the market:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
They did that to combat the rising silver price due to the dollar going down.
Since the 5th of July the dollar has gone down:
https://www.marketwatch.com/investing/index/dxy?mod=home-page
The dollar is just about back to pre interest rate hike levels.
Also notice that there is only 221 contracts left to fill for July. We should see a solid 4 weeks of increases in silver I am guessing. Then we have to deal with 118,685 contracts for Sept:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
They are definitely getting inflation to come down:
http://www.shadowstats.com/alternate_data/inflation-charts
When do we see interest rate cuts is the question? It looks like the market says soon.......
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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