M. Armstrong sez Silver, Copper, Platinum and Palladium are all being "manipulated" upward......
See his web site at....
pei-intl.com
Then click MAIN, then click "Silver Squeeze", then click Parts I, II and III
The main argument seems to be the markets are often in backwardation. If these were true bull markets, rather than temporary, artificially created shortages, the future price would be higher.
My view:
Its the future price which is more easily manipulated, and which may reflect mistaken, manipulated fundamentals. The spot price, on the other hand, must reflect the physical reality of the here and now. These markets are behaving just as you would expect any derivatives out of touch with reality to act. He also seems to ignore that the "manipulators" will lose money if they are wrong. |
