Ah_Meng
12-30 08:15
Ok, ignore me... just me and my bubble πŸ’­... but thanks for the info. Yes, silver price has been manipulated by major banks for a long time. I have no idea why they want to keep a lid on silver, but I have learnt they have been doing this all along. CME's recent action is reverting back to its old "Silver Thursday" playbook to cap the silver price. The reason given is the usual to "protect" naked traders. The actual reason seems more like protecting the short-selling banking buddies. However, there's no proof. It's up to China now to benefit from this price cap (manipulation) situation when it continues silver accumulation. By the time the market is aware there's just too little silver to go around, it might be too late. CME needs to be taught a lesson that market forces rather than regulations rules. Just my 2 cents. Keep up your good work [Sly] [Chuckle]
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