Precious metals have enjoyed a spectacular rise today after the Federal Reserve signaled that interest rates will stay low for an extended period of time, no changes to policies or forecasts and telegraphed the end of its bond-buying program.
The National Inflation Association reports that JP Morgan has now admitted to having manipulated silver price and is taking steps to reduce it.
Precious metals futures surged on the New York Mercantile Exchange. December silver went up 38 cents to $10.13 an ounce, For full story, click here
By Melissa Pistilli – Exclusive to Silver Investing News The recent landslide in the price of silver has some analysts like Theodore Butler of Silverseek crying foul. Butler and a few others are pointing fingers at concentrated commercial shorts on the COMEX. Like Butler, Jason Hommel of Silver Stock Report and Mark O’Byrne of Gold [...]
Wednesday, April 27, 2011