CFTC denies silver price manipulation
Fantasticly-Bullish Silver-Price Indicator: CFTC’s Latest Defense Document Denying Manipulation (After the Last 2004 Denial Price Jumped from May Low of $5.50/oz to December High of $8.00 & Never Looked Back!) « Your Daily Dose
By the end of the year it had registered a high of $8.04 (up 45%), and now it’s over 300% above that figure. 300% return in four years–beats the heck out of paper/monopoly money’s 5% per annum at your local fiat bank/ponzi shop. Not too shabby. Thanks CFTC, for helping to cement silver’s recent ~$16.50/oz price as another now-or-never chance for the average joe to rescue his hard-earned savings.
While the spotlight was on gold ….
This blog traces the silver price movement – but has yet to tie in with the Warren Buffet-Paul Krugman-US Dollar hegemony she-bang.
This rise in silver prices – while the market glare was on gold, is interesting. The recent gold price volatility further makes the picture clearer. In the next 60 days to 60 weeks, everything will be clear.
The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping – and unprepared. But, not 2ndlook – who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.