主题：【原创】顽强的阻击 -- 大众河蟹

Here is an example on how the speculators tried to manipulate the price against fundamentals and how it did not work.

In the early 1980s the Hunter Brothers had cornered the silver market. The Hunter brothers are billionairs who made their fortunate in the Texas oil boom. Within less than a year, they pushed the silver price from a few dollars to 90 dollars. However there is really no shortage of silver and the price subsequently collapsed. For the next twenty years silver trades from 3 dollars to 5 dollars. The Hunters brothers lost all their money and had to file for bankcrupcy.

This example indicates that the international speculators are really not that powerful. They can move the price temporary but they cann't control the price even if they have billions of dollars. Ultimately the supply/demand sets the price.