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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

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Namachieli
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 Posted 06/01/2012  4:20 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
Yea, looking at activity today, all I can say is, "called it".

Don;t worry, It will slack off again 7 days before the end of June, when the big companies need to report Q2 earnings/losses.

If you need another buy window, wait till beginning of July.
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Ed_B
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 Posted 06/01/2012  9:53 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
I wonder how much this has to do with ETFs like iShares Silver Trust...

Supposedly, the ETFs are BIG buyers of silver and gold. There is a lot of speculation about whether or not they actually have the ounces they claim to have. This is where the 3rd party auditors come in. If these ETFs are buying and selling at times, the volume then can deal in could easily impact the price of the metal. Harvey Organ is all over this kind of stuff but truth to tell, my eyes glaze over every time I look through his info. :-/
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