04.07.2014 - Silver: A Return To Equlibrium Price?
Price discovery in all commodities is an electronic paper affair. While the macro-economy and the geopolitical provide a distant framework, they do not wield significant direct influence. The “discovery issue” occurs across the board, but is nowhere more evident than in the precious metals futures markets and, most notably, silver. A look under the hood at the most recent rally confirms that we are nowhere close to the point of return to equilibrium price. The set up for precious metals has been in place for years. In silver, the trading structure has been this way for decades...............................................Full Article: Source
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