Vinnie - this is going to take several days to work through. I am generally familiar with the commodoties trading market. I am also aware of how difficult it is to manipulate the market. As to the Fed and manipulation of the silver market, I do not yet know if I accept the thesis of the silvergoldsilver folks. That said, it is no secret that Bernake and Obama are devaluing our currency. That has been a common complaint for two years now. QE1 and QE2 have gone a long way to forcing down the value of the dollar. The Fed is today the biggest purchaser of U.S. Treasury Securities. They claim they are not trying to devalue the currency, and they are pretending that inflation - running rampant through fuel and food prices - is actually under control. Both are pure bull. The question is where does it end. I think we will be lucky to see inflation stay under 15% until our economy is righted. That is going to require substantial growth, something that has zero chance of occurring under Obama.
Thanks for looking through this mess. I believe most folks posting comments don't know much of stock markets and are engaging in wishful thinking. However, the videos on youtube are very interesting and correlate with silver's meteoric rise during the last 2 months. I don't have a better theory to explain this.
Post a Comment