especially spot gold..staying down currently
silver looked more volatile but still being kept under control by the looks of it these days...but gold even more so. I had to buy a little more this week.
Wouldn't you think that at these prices ,after such a rally, and now the pullback to the support levels here at 16 silver and 1160 gold...investors would jump on it here? but the Cartel appears to be keeping it under control.
I remember in 2011 when it looked like 1525 gold was the bottom and 30 silver ...I felt lucky when after it peaked at 1800 and then came back down to 1650 I thought ,wow, what a bargain to get it at 1660 gold.and silver at 26?? what a great bargain ,coming down from 50.Its all so contrived and manipulated.
But...down here at these levels of 1100 gold and 14 silver,is the cost of production for most miners... so for sure this is the true bargain territory. Back in 2011/2012 when the hype was in full speed,and we were being told theres no looking back, this is it, the hyperinflation, the economic collapse,better own gold and silver now, last chance to buy silver at 29 dollars...what a joke. it was all manipulated. But maybe now really is the bottom zones for silver and gold.
Being still currently able to buy the physical metals is also fortunate for investors. It may become scarce at some point.
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