by David Kranzler
Investment Research Dynamics
Unfortunately, unless the physical market can be squeezed, at some point the bullion banks like JP Morgan and HSBC – with help from the Central Banks and the BIS – will be able to regain their grip on the pricing of gold and silver using derivatives – paper gold and silver.
I hope this latest move in the silver price is sustainable but I don’t think it is. That said, hopefully it will elevate the awareness of the criminal manipulation of the metals by the big banks and shine a spotlight on the degree to which gold and silver, as well as the mining shares, are extraordinarily undervalued.
That said, the physical market can be squeezed, but it requires that big investors take delivery of gold and silver on the Comex and the LBMA and remove their bars from Comex/LBMA vaults for private safekeeping.