Even most precious metal investors are smart enough to know that speculation is driving the price rise -- they just think their speculation is correct.
If you find me an actuary on the planet that doesn't understand that, let me know. I would love to meet an actuary that fucking stupid.
"the exchange rules regarding leverage were changed, when COMEX adopted "Silver Rule 7" placing heavy restrictions on the purchase of commodities on margin" "the price began to fall again, dropping over 50% in just four days"