Silver

Are gold benchmarks being manipulated? The price-setting processes for gold and silver in the spot market are the latest to come under review from global regulators, with authorities in Europe investigating the mechanisms for both precious metals.

The topic of gold market manipulation during the London AM fix is not new. Bloomberg has decided to break it down for everyone, as well as summarize all the ways in which just this one facet of gold trading is being manipulated.

As one might have expected, on a total return basis (all in $ terms), Silver (100%) and Gold (73%) were the top two performers since the collapse of Lehman Brothers

Two JP Morgan whistleblowers have confessed that the bank manipulates the gold and silver markets. This is a truly catastrophic event for JP Morgan, which up to now has denied manipulating these markets.

Mish, you write a lot of commentaries about the European economic crisis, going from bad to worse. For instance Portuguese Bond Yield Spiked to 8%, How do you see the European situation evolve in the coming months Do you expect more bail-ins in the Eurozone?

The bullion banks are still massively short of physical gold. All of these physical shortage problems are likely to put enormous upward pressure on gold in coming months. And remember that this factor is in addition to the destruction of paper money we will see which will also put upward pressure...

While owning precious metals will be a very wise store of wealth and investment in the future, silver will actually turn out to be the “King of Investment Gains.” A good barometer of the retail gold and silver market is shown by the eagle sales at the U.S. Mint.

Physical demand for gold & silver coins remains strong. For the 3 months thru June, gold coin sales are 120k oz’s (46%) higher than for the 3 months leading up to the $1900 gold peak in 2011

How long can the manipulation of the precious metal markets last ? Chris Powell (GATA) speaks about the rather obvious price manipulation occurring in the gold and silver markets

Silver can meander about and do nothing for years. Then, when your back's turned, it’ll suddenly spike to unheard-of levels, making its owners rich.