Reuters reports that on Wednesday, Gold edged lower as the market looked set to consolidate ahead of the U.S. Federal Reserve's decision on further monetary easing next week while Silver initially rose strongly after the U.S. futures regulator raised an alarm about the silver market.
The news wires are all a buzz with the most recent scoop of Wall Street: JPMorgan’s investigation by the Department of Justice and the Commodity Futures Trading Commission over allegations of manipulating the silver market on the London Bullion Exchange and NYMEX.
In your travels through the silver investment market, you’ll encounter those who feel the metal‘s price has been manipulated and artificially depressed for many years. And are they? Are those who feel they are speculators wishing for a price spike? Or do they raise some good points? For a good 20 years, some silver analysts [...]
Wednesday, October 27, 2010