Loading ...Happy Thanksgiving
Some gave good and a couple really sucked.
Commodity price increases over the last year… Coffee: +109% Gasoline: +82% WTI Crude: +75% Heating Oil: +75% Natural Gas: +74% Brent Crude +72% Cotton: +58% Wheat: +40% Aluminum: +37% Corn: +36% Copper: +34% Sugar: +34% Lumber: +30% Soybeans: +7% Silver: +1% Gold: -1%
So even if you want to make the economic argument that there is miniscule industrial demand for gold, you cannot say the same about the huge increases in demand for silver.(lets say similiar to copper) The only non BS explanation is the manipulation of the silver price. Not talking about the huge investor demand for silver, just the industrial and economic component. The price should at a minimum fall somewhere in the range of most of the rest of those commodities. Copper and aluminum would be the closest comparisons.