Definitely suppression going on. AKA "Naked shorting" but not forever Physical is a little more perky. Most of the "Eagles" over $40 now.
LOL suppression? Hasn't made a new ATH in 11 years is suppression? Are PM's not supposed to be range bound ever?
Yes, the FED. Price suppression can bolster the argument for a short time that prices are not going up, (OK for gold and silver) but then the producers stop producing. Not a problem for the FED. They couldn't care less about the cost of EVs. But on the other hand, if they try capping the AGs, WTF Farmers don't bother planting at the low suppressed price, shortages of food ensue. time for the Pitchforks.
It's beyond me why people believe that BS about big banks and the government suppressing the price of PMs. Even if 'they' could do so, what would be the point? Also, do you realize that "price suppression" is literally the equivalent of the government and Wall Street subsidizing your purchases? If it was really going on you should be delighted, not pissed off.
Well, the question isn't 'if', they can. It's more of... what would happen? The Hunt brothers tried it with their arab friends backing them... that worked (for a while). Then the house decided to change the rules (while in play). It had, disastrous results as you know. The take-away here is...don't bet against the house my friends.
Uhhh, U.S. Treasury debt is almost $30 Trillion. In the absence of anybody putting out a serious proposal to pay this debt back, It's all a giant Naked Short. And that's why the FED is buyer of last resort. They buy the Debt, then put it into a black hole, never to be seen again. And all the citizens see are crisp new $100 bills coming out of the ATM machine. What could go wrong?
So how exactly are PM's a hedge against this? Lug a gold bar down to the local DQ to get a burger and shake huh?
The PMs will only come in handy if the Ruskies and the ChiComs show up to double team us. They are not going to be interested in any of this funny money stuff.
This gold/silver stuff is a speculation for the people who have no other way/skill of earning profits. I am saying this, to those who have a slight idea about touching it, but haven't made a choice yet. Just dollar cost average into SnP. https://www.investopedia.com/terms/d/dollarcostaveraging.asp
What hit them over the head with it? I'm serious, of what use is it if dubya dubya tree happens? Oh wait Gold is virtually indestructible so if ya live thru the nukes thennnn you can get that DQ burger and shake.