After 3 weeks of serious beat downs on the silver price, there seems to be some stability. That being said the old boys are up to their tricks again. The guys who currently "fix" the silver price are bowing out.
According to Reuters, the London Metal Exchange (LME) have thrown their hat in the ring to manage the "fix " of the silver price. Apparently, they will be replacing CME Group and Thompson Reuters in "fixing" the silver price.
So all you stackers out there who have seized on this buying opportunity, keep buying. Because the price is so low demand for bars and coins is actually falling in the US. Falling demand means more falling prices. The day will come (maybe not in my lifetime) when silver is finally free from the grip of the "fixers" and the market will actually set the price.
On that day I would have hoped to bestow on to my descendants a wealth that I could not possibly dream of.
Silver is like Rocky Balboa. They keep hitting it hard and it keeps dropping to the floor with the weight of all these paper future contracts that can never stand for delivery. So to all my stacker friends . Until the "fix" breaks, keep stacking.
