The totally normal gold and silver market have gone vertical after their NFP release smash as the cartel HFT algos seek to trigger every stop possible, with silver rocketing over $1 back over $29 to $29.39, and gold up $25 to $1585.
Because this is what a freely traded market looks like…. [Read more...]
Our friend Chris Duane of Dont-Tread-On.me examines three recent premium spikes seen in physical silver, their causes, and what the spikes mean about the silver market.
Duane examines the late 2008 spike caused by a massive paper silver sell-off during the 2008 financial crisis, the premium spike/shortage seen in March/April 2011 due to massive demand as silver neared $50, and the recent spike in premiums this January as a shortage of Silver Eagles and Maples developed as the Mints stopped production and rationed silver.
The Tale of Three Silver Premium Spikes [Read more...]
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