upcoming events on pms

[craig12]

would anyone happen to know if any of the following events will move pm,s up or down

 

interest rate rises uk , usa , and europe

uk general election

further deep recession  uk  Eurozone  usa

mortgage foreclosures / repossesions

bond tapering

ecb cutting interest rates further than the minus they already are

and the biggie

 

Scotland  votes yes

[Danny-boy]

Nobody knows Craig.

I guess they all have the potential to move the price, but as we have seen lately, big events don't necessarily mean price swings.

[craig12]

as a trend do pm,s rise in a really bad recession or fall

[HelpingHands]

Generally the currency drops before elections.

[craig12]

I know I should reply elsewhere , but what is driving the price down at the minute, I know everyone has said the silver fix ending didn't do anything , but these falls have been after the silver fix ended haven't they?

are big sales been dumped on paper trading

[HelpingHands]

It's manipulated. As all currencies are being devalued a strong pm price would alert the public to what is happening to their cash. To hide that, they have to push down the pms too so there is nothing to compare to other than very expensive houses.

[HelpingHands]

What other events are coming up?

http://www.bloomberg.com/news/2014-09-11/gold-trading-to-begin-in-ftz-as-cme-plans-futures-in-hong-kong.html

 

Pricing Influence

With the start of gold trading in the free-trade zone, China is seeking to exert its influence over prices while expanding the yuan’s role in global trade

 

 

 

But that's just another 'maybe'.

[craig12]

so in real terms the prices are wrong , a sort of smokescreen , what would happen to silver if they didn't manipulate it?

[Danny-boy]

so in real terms the prices are wrong , a sort of smokescreen , what would happen to silver if they didn't manipulate it?

I think it would be more expensive than it is now.

I don't know how much more.

[HelpingHands]

Well, at the very least pms should be a hedge against inflation.  Obviously, we are hoping there will be a huge up correction at some point like holding a beach ball under water then letting go.  The problem is some big hands are holding your balls.

[Danny-boy]

The problem is some big hands are holding your balls.

I'm not sure I like the sound of that!!!

[craig12]

god this is interesting , so in simple terms  , you need them to manipulate to drive it down if youre buying / but if everyone has bought enough silver then if the manipulating stops then we all become better off in money terms , I suppose the question is then

if they never stop manipulating pm,s  then we always get a wrong price forever

[craig12]

why cant pm,s be price driven by the amount of trades and physical buying  as a weekly honest total ?

more paper trades  more physical sales to countrys and the public  price goes up

 

less sales less trades   price goes down

[HighlandTiger]

[Shamatti]

Think of this: I read (I can't find the article to quote or share, but will keep looking) that last year more silver was sold than ever before. The exchange in Shanghai (I think it was, must find that article lol) has less stock than ever in it;s history. Consumer demand was higher than eve before.

 

Now we all know when consumer demand is hight ans supply is low that prices go up right?

 

So why did silver loose so much value last year? 30%? Something like that.

 

How?

 

Manipulation.

 

So all the events you list may have some small 'local' effects sending prices off a few dollars here or a few dollars there, but the current trend won't change until it is politically expedient for whoever is behind this manipulation.

 

This is an interesting article. Written in October 2012 it predicted a "blood bath crash" in PM's - how right they were!

 

http://www.marketoracle.co.uk/Article36905.html

 

They have a lot of interesting stuff to say about the current market. Spend a few hours having a look there, it is very interesting.