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Replies to post #15112 on Tsafi

Replies to #15112 on Tsafi

popeyej

05/13/09 4:11 PM

#15114 RE: popeyej #15112

Kevin, A while back I mentioned that the $14.00 mark seemed to be the breaking point with the silver paper players.

Silver was up nearly 40 cents in the far and mid east but got pounded by London and then the US where the bullion banks control the price of silver. London closed at up .01 and the US took over to drop the price another .13 to as low as $13.88.

Everything that took place today pointed to an increase in the silver price and that in my opinion is why gold is up while silver has been hit quite hard.