Sorry man, but demand is down while supply is up. The usual buying power of Asian markets for silver, somef the biggest buyers, has slowed some. And investors are buying treasuries and coming back to the dollar, which also hurts said commodities. This while mines continue to expand.
Bear Stearns gambled and got burned. The econmy was starting to show its true colors and people headed for hard assets like gold and silver. BS just got caught with their hand in the cookie jar.
The long term trend is up, and will be. Yu cant blame manipulation on this one IMO, when industry fundamentals are what they are.
Now oil on the other hand, where 60percent of the contracts are Wall st deals, Is complete manipulation. If wall st says up, we go way up, regardless that supply is wayup and demand is down.
The hyperinflation stories and printing money shenanigans are just that IMO. The dollar will be fine, so we justbhave to accept that nrmal steady ride in commodities, instead of riding the weaker dollarlike we have been.
If the investigation lasted two months youd likely claim the corupt agency didnt take long enough, and rammed it through, its all perspective IMO. Markets move up and down and backup.
PS, if a hgher percentage of americans could afford to invest in the markets that demand would allow for historically hgher PE ratios than the ones we r experiencing, but because 95percent of americans wages have been flat for 30years, there isnt as much skin in the game as their used to be. Thats a strutural concern we truly need to face. If your averagejoe cant afford to invest or buy our products, we wont be as succesful as we could be because of the lack of demand.
Glta!
