How can it be a metals market if the exchange itself can specify settlement in cash and not the allgedly "underlying" asset? The same is being done with bitcoin btw...where a contract for "bitcoin" doesn't even require that anyone actually have or provide "bitcoin".
These are nothing other than wagers for cash based upon price action that's disconnected from price discovery mechanisms by the very "markets" themselves...they're not commodity markets at all. It's just fakery stacked atop fakery.
Here is your silver quiz for today: Which line breaks first, the Strawboss bottom at $14, or the bankster ceiling at $15? My bet is that Strawboss will win this one!
No one in GIM was that foolish, but the markets took my bet. I was all in with physical and WPM stock before I posted that chart. With silver trading higher than $15 now, a weekly close up here tomorrow could start a stampede by panicked shorts next week.
No one in GIM was that foolish, but the markets took my bet. I was all in with physical and WPM stock before I posted that chart. With silver trading higher than $15 now, a weekly close up here tomorrow could start a stampede by panicked shorts next week.
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