Dave Kranzler: Why does silver get smashed on the NY open so often?
Arcadia Economics, Released on 5/5/22
Gold and silver investors have become so accustomed to seeing the precious metals prices smashed on the New York open, that one of the questions investors ask most often is if there's a reason that the price falls so consistently, or is it really just that the banks sell contracts and hammer the prices on the open, simply because they can.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.
Chris Marcus worked 2 years at bond rating agency Moody's, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia's Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.
Dave Kranzler: Why does silver get smashed on the NY open so often? added by Herman James on 05/05/2022View all posts by Herman James ?+'