With the indictments released Monday, we can officially close the case on the question of gold and silver price manipulation. This "conspiracy theory" has now proven again to be historical and current fact.
Despite rallies of 34% in Gold and 43% in Silver in just the past year alone, investors in precious metals have suddenly gone silent due to overdue pullbacks in both of just 5% and 10% respectively.Could they go lower?
Gold prices, which recently hit new highs in Canadian dollars, have boosted investor interest. Silver prices are also starting to bounce back. Declining trust in politicians, media, and big banks is a key reason.
Most of us are focused on Gold in dollar terms, and Gold has rallied 34% in just one year. To put that in S&P terms using 2800 as the base, that would equate to a rally of almost 1,000 points in one year.
