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SILVER SURFING
Riding the Waves of precious metals

WARNING....MASS CONFUSION AHEAD.

8/14/2017

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If you've been watching the news, you'll no doubt have read all the speculation on what the market is going to do.  You'll hear precious metals prices are rising because stocks are falling because of Korea, China, the President, whatever. 

Then you take a look at the silver & gold charts and see it rocket up, and plummet down.  Of course, it always plummets just before you check it out and by then it's gone up again.  Murphy's Law...our life.
I can't help but think that silver and gold prices do what they've always done.  Hold their own.  Yes, they can gain a bit at times like these, but they can also lose that same bit in the next breath.  Just remember when you're looking at the charts that spot prices are now controlled by the Big Traders.  The ones who trade thousands of stocks in a blink of the eye.  Then buy them back just as fast as soon as the price is low enough.

It's no longer just about the US, it's about Japan, China, Europe and all the rest of the world.  Big players.  So, in my mind, spot prices don't reflect a total reality.  Not that we shouldn't be mindful of prices.  Just that with spot prices controlled by the big guys and not the US dollar, we shouldn't ever see prices drop drastically and stay there.  We're global now, baby. 
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  • HOME
  • CLASSIC SILVER
    • 1 Oz Silver
    • 2 OZ SILVER
    • 3 OZ SILVER
    • 4 OZ SILVER
    • 5 OZ SILVER
    • 6 OZ SILVER
    • 7 OZ SILVER
    • 8-9 OZ SILVER
    • 10-12 OZ SILVER BARS
  • UNIQUE SILVER
  • ABOUT US