RE:Free Get out of Jail for the Silver Shorters on August 14 If you are taking a poll as whether we believe that the price of silver is being heavily suppressed, you can put me in the camp that does not believe it.
I don't see silver as being any more or less manipulated than stocks, bonds, oil, corn, wheat or any other item that you choose.
And I have traded all of these.
The most manipulated things, in my trading experience, are currencies and governments openly do that and often admit it.
Silver went from $4 in 2000 to $50 in 2011 and we are supposed to believe that it was being suppressed most of the time?
There is no shortage of silver in the world despite what the folks selling the stuff say.
The worst forecasters of the price of silver always say that they were wrong because of manipulation.
I am currently aggressively long silver and gold bullion, stocks and futures.
I am in no way hoping that the price will go up based on suppression being ended.
My commitments are based on silver and gold being in bull markets driven by fundamentals including money supply growth, real interest rates, inflation expectations and perceived risk in the financial system.
Also based on chart reading.
If the trend is for more monetary inflation and asset inflation, silver and gold should be big winners in the years ahead.
If we have a true deflation with massive debt liquidation and money supply contraction, I would expect silver and gold to sell off as they did in 2008.
Silver will probably be hurt more than gold and gold may increase in purchasing power even if it has a lower nominal price.
Goldguy.