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by David Kranzler
Investment Research Dynamics
The price of paper silver has been mauled since Janet Yellen and her band of FOMC merry clowns released their policy statement last Wednesday which made the claim that there was strong possibility that the Fed would hike its Fed Funds rate in December. Silver is now down 8.5% since that statement hit the tape (click images to enlarge):
[...] But as you can see, silver is still in an nice uptrend, up over 7% from the bottom it hit in late August. Of course, in testament to just how manipulated the markets are, the S&P 500 – which should have experienced the same type of sell-off as silver and gold on the threat of higher rates – is up 1.3%.
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