The $48 Silver Conspiracy

April 22, 2011 By 4 Comments
The debate has been raging among the silver community this afternoon and evening as to whether the current price of silver is $46+ or $47+.

Its gone so far that apparently its being considered a “conspiracy” to believe silver is currently trading at $47.73, or that it hit $47.90 today.
Are Jamie Dimon’s trolls out in full force to prevent a silver melt-up over the weekend? Is kitco now on the Morgue’s payroll? Will silver open over $50 on Monday?
We invite our readers to discuss silver’s latest conspiracy:

$47.90!


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Comments

  1. Anonymous says:
    April 22, 2011 at 10:32 PM

    1.) Asian markets will open again on Sunday night before Wall Street opens. So that will given them another day of buying, should be interesting.

    2.) Local coins shop is now selling silver rounds for $50.00. Said they we're using the Asian spot price. I'm not sure what their premium is, $2.00 max would make it $48.00 spot.

    3.) Rumor out there that China will revalue the Yuan by 10% this weekend (http://market-ticker.org/akcs-www?post=184595). Saw some video where the guy referred to it as the "gold backed Yuan" (not yet I'm thinking).

    Thanks much
    –TW

  2. Henri says:
    April 23, 2011 at 4:58 AM

    What if FOMC announces "surprise" end of QE2 right now during their coming meeting?

  3. Anonymous says:
    April 23, 2011 at 1:17 PM

    AND SO…the drama continues! Up or down, next week, could be the very beginning, of the end game.

    BRING IT ON!

  4. Jovil says:
    April 23, 2011 at 4:34 PM

    Henri that is a good question. Bernanke will hold the first press conference in the history of the Fed next week. My question as well, what will happen to silver spot pries if he announces and end to QE2 and no mention of QE3 although reporters will surely ask the question.

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