Here’s a longer excerpt from the ad explaining (or selling, at least) that basic point: The other part of the argument put forth here for silver is that the manipulation has kept the lid on a per-ounce price that should be dramatically higher because of the gold/silver ratio. Certainly silver has been manipulated before, most famously when the Hunt brothers tried to corner the silver market (which in turn led to some of the futures trading position/ leverage limits) about 30 years ago, back when silver had its all time nominal peak near $50 an ounce … whether it’s being actively manipulated now, the nature of that manipulation, and whether that manipulation will stop, is an open question. I know many people feel strongly about this silver manipulation story - I’ll leave it to you to go read up on it and decide what you think. There was a good blog post at the NY Times on the whole conspiracy/price manipulation foofaraw last year, it’s dated now but he explains it all much better than I can so you can check that out if you don’t know the basic story. I don’t know or care much about the mechanics of this, but there have been plenty of very detailed articles about it and plenty of things to make the conspiracy story seem like it’s ripe for a TV movie - including the (loose) connection to the downfall of Bear Stearns, and the fact that the prime whistleblower in this case was injured by a hit and run driver just as his testimony was getting attention. The silver manipulation conspiracies basically revolve around a few large banks dominating the futures markets in silver, and holding huge short positions which they use their trading to buttress, trying to keep prices down whenever they show signs of taking off. Which pretty well sums up the big picture argument they’re making for silver having a big run - the “price glitch” is a reference to the fact that the silver/gold ratio is out of wack and a return to the “average” would mean a huge silver spike (or a huge fall in the gold price, naturally) and the “big bank cheating” stuff is a reference to the manipulation of the silver futures markets by JP Morgan and others. “Here’s How You Can Take Advantage of It Today.” “Did BIG BANK CHEATING Create This Glitch? “Why This Historic “Price Glitch” Could Force Silver to Jump From $33.50 to $208 in the Next Six Months… Here’s the hook that they use to get you on the line:
And just up front, I should also let you know that I don’t follow silver slavishly, so I’ll tell you what I can but I don’t follow the conspiracies or the silver production numbers every day.
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