Press "Enter" to skip to content

Posts tagged as “American Silver Eagle”

1 Big Reason September Could Be Silver’s Month

[heading]1 Big Reason September Could Be Silver’s Month[/heading]

Silver has corrected since its’ 2011 high of nearly $50 an ounce. At that point, “49ers” ran in droves to the devil’s metal, only to lose considerable amounts of wealth, vanished in the Sunday selloff on MayDay of that year.

Now, more than two years later, many silverbugs learned a lesson that many people in the banking crisis learned: cash is King. In other words, those who control the cash are in control.

Big Banks Prepare To Exit Physical Commodities

[heading]Big Banks Prepare To Exit Physical Commodities[/heading]

JPMorgan made headlines last month with an astonishing announcement that it would be getting out of physical commodities. This was shocking for everyone who had followed the contentions that the bank was in fact manipulating the commodities, like silver.

Then, revelations about how banks were manipulating the storage warehouses and aluminum markets of some commodities. All of the sudden, banks were coming under mainstream pressure for physical commodity manipulation. No explicit mentions in the mainstream regarding silver. After all, the SEC had already let JP Morgan off the hook.