The Banks Are Manipulating Silver Prices [Silver Trust(NYSEARCA:SIVR), Newmont Mining Corp(NYSE:NEM)]

financial banksThe big banks have smashed gold and silver lower this week, and after that shellacking, you’d have to be crazy to buy precious metals, right?¬†Yeah. Crazy like a fox.

If you’re smart, you’re going to put on your big-boy pants and buy silver right now.

And I’ll show you why.

The key is in this monthly chart of silver performance, going back over the past 20 years…

You can see that over the past 20 years, silver has closed July higher than it started 70% of the time. It charged higher in August 63% of the time. September: 68% of the time.

But wait, wait! Twenty years is too long a time frame, you say? Fine. Then chew on this: In the past five years, silver has closed out July and August higher than it started 100% of the time. In September, it closed higher 60% of the time.

So why does this happen? Silver and gold are both subject to seasonal forces. There are times of the year when major income-cycle and cultural factors ignite demand. Prices start to rise in the summer because jewelers stock up for demand that starts with India, then rolls through the globe – the Middle East, China and finally the Western world

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