Andy Schectman- Precious Metals Market Anomalies (Video)
Andy Schectman- Precious Metals Market Anomalies Video for FSNGoldandSilver
Andy Schectman head of respected bullion dealer Miles Franklin joined us. Business is good. Perhaps more people are looking for the ultimate safe haven that precious metals afford.
We examined several precious metals market anomalies and there are lot more. The gold silver ratio at around 84-1 is completely out of whack. The premium on junk silver is running less than one percent. Platinum prices are at generational lows when compared to gold and palladium. And finally, the palladium price is higher than gold and almost double that of platinum.
What’s going on here and how long can it go on? And last but not least, JP Morgan Chase has accumulated nearly 1 billion ounces of silver, the largest hoard ever assembled. Why would they be accumulating this barbarous relic, along with mining stocks, SLV and other silver ETF’s. Some might dare call it manipulation; they’ve won every single metals trade they’ve made for years.