Chapter 243: Soaring

When the market was close to the end, the selling orders in the field were almost digested, and the silver that should be sold was sold, the disk was very light, there was a little bit of buying, and the price jumped up, attracting buyers to follow up, and it was a situation of grabbing. Pen, fun, pavilion www. biquge。 info

In the last trading hours of the European market, the price rose almost in a straight line, trampling the price of silver at $1.20 under its feet, and the price rose in a straight line.

On this day, in addition to the excitement of the market and the skyrocketing price of silver, the media was also very noisy.

For the surge in the silver market in the past few days, the market is issuing various speculations, and the media reports are overwhelming, discussing what caused the rapid rise in silver prices this time.

Articles in the media, everything is said, and various opinions are disorganized. Some say that this is a vengeance rise for silver after a long period of decline. It is also said that a certain investment predator has taken a fancy to the value of silver and entered the market to sweep the goods.

Among them, there are also articles manipulated by William, specifically mentioning that the abnormal price of silver may be related to the effective measures that the US government is about to take to boost the price of silver. The article also mentions the U.S. Gold Act in passing, speculating that the U.S. government will do something.

In the clutter of articles in the European media, this point of view may be ignored by some small investors, but after all, there are still some institutional investors with strong financial strength, who have noticed this point of view and are inspired by it, and their brains are instantly opened.

Considering that in July 1933, when the countries reached the Silver Agreement at the World Economic Conference held in London, it is clear that the US government, in the interest of stimulating its own exports, will definitely find a way to increase the price of gold and silver, and then depreciate the dollar.

It cannot be ruled out that the US government will take some measures in order to get out of its economic predicament. In this respect, the imagination of its silver price is very large.

For a while, some investment consortia couldn't wait for the research report, and they rushed to take the lead.

This is remarkable, as soon as these consortia entered the market, they increased the power of the bulls, pushed the silver price up rapidly, and before the closing, quickly pushed the silver price above the dollar, setting a new high in this round of the market.

This time, the silver market is really crazy, there have been price surges before, and there has never been a rise like this one, so dripping, so crazy, and the increase is unprecedented.

In the speculative market, the more hazy the subject matter, the frenzier the hype, and the greater the imagination. I'm not afraid that you are bold, but I am afraid that you will not be able to keep up with the rhythm of the market and take a sedan chair that rises rapidly.

You can't imagine how far this hype will go and where the price will go.

At the end of the day, it's an atmosphere, a drumming and passing flowers.

There are rumors that no one knows where the rise in silver prices will stop in the end.

Of course, the last to take over must be the unlucky ghost.

In the European market, silver peaked at $1.204 and closed at $1.199, just shy of $1.20.

Who said that Europeans are not crazy, in just two days, the price of silver went from $0.60 to more than one dollar, and one day it will double. Feng Shui took turns, and European investors finally went to the sea to catch crabs first and drank their first sip of soup.

This is only the beginning of the rise in the price of silver, after all, the big money in Europe started too late and did not get much leverage.

But Europe has closed and has no chance to continue collecting chips, so they are waiting for the North American market to open, and they will continue to grab chips in the American market.

The European market closed, leaving the North American market with a hot potato.

At this time, North America probably knows more or less the reason why silver is crazy.

However, the price is really ......

Nima, whether to enter or not to enter, it is really entangled and difficult for investors in North America to decide.

This time the Europeans made a comeback, leaving the speculative North American investors behind and leaving them completely empty.

Investors in the North American market are very entangled, and in just two days, the Europeans have copied the price of silver to the sky, and it is difficult for them to make a decision in the face of such a high price in the market.

This can be seen from the trading activity of the North American market.

The North American market opened at $1.24 with a large gap.

Even this price is probably due to the buying of European investors.

On the disk after the opening, although the price rose, there was no sharp trend in the European market, taking two steps back, hesitating to go up, showing that North American investors are still selling as the main tone, and there are no large-scale investors entering the market to go long.

Investors in North America are hesitant and not enthusiastic to enter the market, and there are still European investors, as long as there are selling orders, they are all picked up by European investors, and the general trend of prices is still going up.

They know that once Europe opens, the price of silver will inevitably rise like crazy, and it will be a bit difficult to get enough chips in Europe.

Although the transmission of information in this era was not as fast as that of later generations, the telegraph was still available, and the American media had the media to sift through the mess of information in Europe to find valuable news, including William's articles that he had published.

Nima, even we Americans don't know, how can there be such an article in Europe, is it fooling?

Will the U.S. government really boost the price of silver?

If you think about the state of the U.S. economy, it doesn't seem impossible.

However, the price is difficult to say.

Wouldn't it be bad if the price of silver was too high and the U.S. government decided that there was no need for the government to intervene to boost the price of silver?

Most U.S. investors are still hesitant, the news is too hazy and too risky.

Yes, the price of silver has gone from a low of $0.25 all the way to this level, which is an amazing increase. Of course, it has been a long time since the lowest price came in early 1932.

If you look at it from the perspective of time, it is not too outrageous to rise to this price for such a long time.

This is the charm of the capital market, if it rises, it will fall, and if it falls too much, it will rise back sooner or later, and it will always be such a cycle.

Could it be that this time the reincarnation has begun?

The problem is that if you don't enter the market, the price of silver may rise wildly, and you will become a short-footer. Such a dilemma is a very tangled question.

However, the news finally caught the attention of North American investors, including many large capital owners with eyes on the sky.

They don't act rashly, but study the market and get information from the relevant authorities.

This is the United States, and they have a natural advantage. They are more or less connected to government departments and even spokespersons.

It takes time to get the inside scoop on the exact facts.

However, the market will not wait for them, how to go up or how to go up, and run according to the trend of the market.

There will always be risk-takers in the market, and a small number of American investors are starting to test the waters and win the difference.

However, European investors are determined to go long on silver and will inevitably compete with these people, pushing the price up rapidly.

So, during the morning session, the price of silver rose slowly, but in the afternoon session, the price of silver accelerated until the close, and the price of silver rose to $1.49.

This is the market, if you don't buy it, I won't buy it, there are always aggressive investors who dare to take risks.

Missing out on the price in front of them, those who didn't buy them start to regret it again.

There is nothing wrong with the market, it is the decisions of individuals that are wrong.

This day should be an opportunity for North American investors to enter the market, but unfortunately, not many people have enough chips to miss the opportunity. Most of the silver was snatched up by European investors.

Although the North American market has closed, the actions of major investors to collect intelligence have not stopped, and the eight immortals have shown their magic across the sea.

Sure enough, a well-informed source revealed that the U.S. government does have such a plan.

However, given that the market is so hot, it is still unknown how this plan will work.

Again, an ambiguous message that makes it difficult for people to choose.

And the resulting discussion was overwhelming in the media, and silver became a household name and a topic of discussion.

The more hazy the subject matter, the more ferocious the market hype, which was verified in the following European market.

Silver opened in the European market, with a direct gap to $1.59, but it became the lowest price of the day.

Investors in the European market have gone crazy, and a large number of investors have poured into the silver market, pushing the price straight up to the $2 level.

How ironic it is that a theme that originated in the United States has flourished in Europe.

In particular, the big money holders in the United States are very sad and indignant.

What did the US government do, it leaked the news to Europe, but did not reveal a single bit of it in its own home.

Investors in the U.S. have a lot of cash in their hands and watch the price of silver skyrocket.

Two dollars, what an astonishing increase. From $0.25 to such a price, what a profit.

The psychology of American investors is really not a taste, sour.

U.S. investors think of the Roosevelt administration's Executive Order 6102, which buys gold from the American people at a high price and nationalizes it, and then thinks of silver from gold.

The nationalization of gold was sudden, and Roosevelt ordered it to be implemented after only five days in power, and the market simply could not do anything.

Silver is different, there is still considerable room for speculation, and as long as the US government does not order the purchase of silver, the speculation will not stop. As for what the result is in the end, it doesn't matter, what matters is profit.

The term "nationalization" of gold is often misused.

But remember, nationalization means that the state takes over the power to control assets.

Historically, the 6102 executive order that occurred in the United States took the assets in the hands of individual people and gave them to a private institution, the Federal Reserve.

Actually, this is not nationalization, this is theft.

History shows that governments can rob people of their wealth and turn it directly into an asset for government finances.

On April 5, 1933, U.S. President Franklin D. Roosevelt issued Executive Order 6102, prohibiting "the hoarding of gold coins, nuggets, and coupons in the continental United States."

The American people must hand over all the gold coins and bars, and stop the currency circulation of gold, and the Federal Reserve collects the gold in the hands of the people at 20.67 meters to an ounce, so that the Federal Reserve quickly accumulates a large amount of gold reserves.

The Gold Savings Act, passed in 1934, further outlawed private ownership of gold currency, was not repealed until 1974.

Since the Great Depression was triggered by a financial crisis caused by frenzied speculation, President Roosevelt's New Deal also began with financial reform.

Of the 15 important pieces of legislation enacted during the so-called "100-day New Deal" (9 March to 16 June 1933), laws relating to finance accounted for one-third.

When Roosevelt was sworn in as president on March 4, 1933, there was hardly a single bank in the country open, and checks were no longer cashable in Washington.

At Roosevelt's request, on 9 March, Congress passed the Emergency Banking Act, which decided to adopt a system of individual examination and licensing of banks, and to allow solvent banks to resume business as soon as possible.

From March 13 to 15, 14,771 banks had been licensed to reopen, 10,797 out of 25,568 before the 1929 crisis.

The extraordinary measures taken by Roosevelt to straighten out the financial situation played a tremendous role in cleaning up the mess and stabilizing people's minds.

Public opinion commented on this action as "a lightning bolt in a dark sky."

While Roosevelt was rectifying the banks, he also took action to improve the foreign economic position of the United States.

Beginning with the announcement of the cessation of gold exports on March 10, 1933, one major measure after another was taken: on April 5, a ban on private storage of gold and gold securities was announced, and the exchange of US dollar bills for gold was stopped; On April 19, gold exports were banned and the gold standard was abandoned; On June 5, public and private debts were abolished and repaid in gold; On January 10, 1934, it was announced that a $3 billion banknote would be issued guaranteed by state securities and that the dollar would be devalued by 40.94%.

Through the depreciation of the dollar, the competitiveness of American goods has been strengthened.

These measures have played an important role in stabilizing the situation and channeling the blood circulation in economic life.

Although the US economy has improved with the help of a series of policies, it has not fundamentally emerged from the shadow of the crisis.

So, is there any cards left in the hands of the U.S. government?

It is foreseeable that the silver dollar will be another heavyweight card in the hands of the US government.

In other words, this time the silver dollar frenzy is not built on the beach, but has its reasons to rise.

Woke up American investors were remorseful and did not participate in the hype in time.

It's not too late to make amends, and investors in the U.S. are starting to shake their hands and get ready to go big.

So, the elite of Wall Street are ready...... (To be continued.) )