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Is Silver Running Out of Steam?
Silver initially shot higher during the trading session on Wednesday but has given back quite a bit of the gains as we tried to break out. Ultimately, silver is a market that is highly manipulated, and you need to be aware of this. J.P. Morgan has spent millions paying off fines for doing exactly this, but when you make billions, that’s just the “cost of doing business.” Ultimately, this is a market that I think eventually will have to make a bigger decision and history tells us that we might get a bit of a “blowoff top”, but then silver will get absolutely crushed. It is because of this that I have always ... (full story)