Why All Stratagies To Guess Spot Direction Are Voodoo

https://www.justice.gov/opa/pr/ex-w...0and%20bonds.

For years I have seen all sorts of manner of ways to "predict" the direction of the spot market. For years I maintained it was entirely under the control of the big boys...and had my fair share of nay sayers.

These people, not just at chase but at Wells Fargo, Credit Suise and others, began to manipulate the market in........2008! You know just before the market balloned.

I remember seeing all these post about how the world was running out of silver and soon we would have $500 silver.

As an Engineer; I have/had trade magazines that tracked how much of a wide variety of metals were stockpiled by various countries. I noted time and time again how there was actually a glut of silver and gold on the market. Partially due to the collapes of the film/negative development segment of the silver market.

While there have been a few fellow travelers who sided with common sense most argued so much that I just gave it up as hopeless.

I noted that the fine on Chase is a fraction of what they made on the market.

I also note that the price of silver went UP not long after the court cases were settled.

I followed a trader on here that made some predictions and did ok, but just ok.

The truth is guessing where it is going is just that a guess.

Anyway...,my Two Cents.