Since Sunday evening, precious metals prices started to fall. A price correction was expected due to these metals' recent skyrocketing prices. At first, no one was particularly concerned.
Monday silver lost about 10 percent of its value but just one week prior it gained 10%.
Tuesday, another 8 percent loss...No worries.
Wednesday 6 percent.
Today another 14 percent loss. Now people are worried.
People who invested over the past month lost close to 40%.
Questions are being asked and some interesting answers come to light.
According to FOX news, there were 2 important reasons for why precious metal stocks plummeted.
1. Large investors including a fund managed by George Soros pulled out of the market one week ago. This was done way before anyone thought the climb was ending and small investors continued to excitedly buy silver. When Soros pulled out, other large investors followed suit.
2. Margin hikes for precious metals introduced by CME, made it more expensive to trade silver and priced many small investors out of the market.
It is interesting how Soros pulling out and CME margin hikes occurred several days before the fall. Also interesting that very few people had a clue until a week later.
Maybe this is all a smoke screen meant to create the illusion of stability for Fiat money?