Wall Street Silver, Released on 10/3/21
We are seeing massive energy shortages in China and Europe. Governments are creating new solar and EV mandates, requiring more Silver. We had a bit of a Silver rally on Thursday and Friday to end the week. Dave Kranzler, David Morgan and Andrew Pollard join us to discuss it all.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.
I no longer listen to interviews or read articles that announce silver is about to rally. It is like Einstein’s definition of insanity, doing the same thing over and over and continuing to expect a different result.
The real problem is corruption; the laws exist to prevent price suppression, but they are never really enforced. Fines are just the cost of doing business and no one goes to jail. It is a charade, like our elections have become. Charts and fundamentals don’t matter in a society where law is meaningless. The only thing that matters is who you know — that is what it means to live in a fascist state.
As long as those in control (IMHO it is the Central Banks) want the prices kept down, they will stay down. That is the *only* important fact in this whole sad story.