By: Dr_Jeff_Lewis
Commodities Silver production tends to center around two often unknown factors. First of all, many people seem unaware that byproduct mining is the primary source of new silver supply.
Secondly, the broken price discovery mechanism for silver has resulted in artificially low prices that have led to the demise of many primary silver producers.
Although this seems to be yet another compelling positive factor underlying silver’s fundamentals, the end of price controls and key technological improvements already on the horizon will ultimately determine silver’s price going forward.
Silver Price Control in Action
For example, after silver recently breaks below the $19 dollar paper price, short term price controls break down temporarily, allowing the price to run up to $23, where it even threatens to breach the $24 level.
Also, the President is planning a meeting with his top monetary officials. The White House said it expects the heads of the Securities and Exchange Commission, Commodity Futures Trading Commission, Consumer Financial Protection Bureau, U.S. Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Housing Finance Agency and the National Credit Union
Fed Chair Ben Bernanke et al. will speak tomorrow, as well. Then the paper price of silver gets smashed overnight by some entity with enough weight to push around a far too thin market.
Read More at : http://www.marketoracle.co.uk/Article41990.html
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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