Here is a shocking news. Although it happens more than a year ago, it still worth sharing.
GATA – The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold (silver) and related financial instruments. GATA sued Federal Reserve and won twice. I believe I don’t have to further convince you on the credibility of GATA.
The chairman of GATA, Bill Murphy has made a public announcement that during January to June 2011, JP Morgan was compelled (being forced) to stop manipulating the silver market. That means during January to June 2011, JP Morgan could not manipulate silver price and silver price was traded in free market.
And see what happen when silver price is traded in free market during January to June…
Silver price has gone up from $26 to $50 dollar! Almost 50% increase!
Bill Murphy said:
Silver practically went straight up to $49 an ounce. THEN, it collapsed for no apparent reason. That reason, from my most well informed source, was that JPM came back into the market in June.
We are expecting “some movement” from August 2012 onward. Most people would see the price goes up and price goes down, and they do not have the skills to take advantage of the price movement. I hope you are not one of these people. If you want to equip yourself with the right skills and knowledge to take advantage of silver price movement, take a look at the most complete guide for investing silver in Malaysia: