By Michael Noonan, Gold Silver Worlds:
There are two distinct advantages derived from reading charts. They are all based on factual information, in the form of executed trades, and they are a short-cut for reading about all the exogenous factors, [mostly fundamental], that impact the market.
Everyone familiar with or interested in silver knows about the dwindling supplies, the manipulation of the COMEX/LBMA paper markets, the M F Global disappearing act of accounts that stood ready to take delivery of [unavailable] silver, the inability to make good on deliveries, etc, etc, etc. All facts sufficient to drive silver to above all-time highs, yet price continues to languish in the $18 – $25 range.
We attribute silver’s inability to fulfill PM holder expectations because Western world central bankers will not allow the price to rise. For years, central bankers have been winning all the battles, but the ultimate outcome of the war has them doomed.
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