-
Silver’s “Cooling Failure” Cover Up
If you tried to trade silver last Thursday night, you saw something terrifying. Nothing. For 11 agonizing hours, the CME Group (the world’s largest derivatives exchange) went dark. Gold, oil, Treasury bonds, and crucially, Silver… all frozen. The “official” story will tell you it was a cooling system failure at the CyrusOne data center in Chicago. Maybe that’s true. But in my 20 years in this business, I’ve learned that there are no coincidences when money this big is on the line. Because the moment the screens flickered back on Friday morning… Silver violently repriced to a new all-time high above $55. ... (full story)