Sean, I have heard many people say that gold and silver markets are being manipulated. Do you believe this is the case and if so by whom? Or is it just a bunch of gold bugs who are upset about gold/silver not going through the roof? My humble/novice opinion is that there is no organization or company big enough to truly manipulate the global gold/silver market.
The only one that I've read about: https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/ Best Regards, Jon
Yep, they got greedy...metals went parabolic and they didn't get out before it turned down and they got whacked! They take the escalator up and the elevator down.
I remember that time all too well!
Yeah, I was a fairly young kid. I remember silver hitting a new high almost daily and my grandfather pulling his silver coins out of the safe to see what they were worth. He waited too long and silver collapsed, and then it didn't really matter. Retail investors, which are generally inexperienced ones, always think they can "call a top" or "know when to cash out":, etc. They can't and won't. So they wait too late due to their greed and it costs them.
Oh, there's always rumor/talk about it. There are for sure some that have tried to suppress silver in the past. Bottom line: Manipulation can't hold back the forces of fundamentals. So it's never mattered to me. When risks are there in stock markets...dollar overvalued, etc., it sets up the metals' markets to flourish, like they are now.
Now, since supply/demand is hard to exactly track, we rely on things like technicals, sentiment, Elliott Waves, etc. It's all we've neeeded to prosper.