
The rapid runup in prices was driven primarily by… by Keith Weiner of Monetary-Metals Two weeks ago, we published This is NOT the Silver Breakout You’re Looking For. The silver price had gone from $24 to over $26 and the gold price was up about $50/oz over the same period. Our basis indicator made it clear that the rapid runup in prices was driven primarily by paper traders buying futures contracts (with leverage). To say it was clear is an understatement. It was crystal. Here’s another look at ...
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