3 ms·
I am surprised that the cornering of the silver market in 1980 is not mentioned here. The Hunt brothers had driven the silver price to the moon, so the big guys
by jansan 6y ago
I am surprised that the cornering of the silver market in 1980 is not mentioned here. The Hunt brothers had driven the silver price to the moon, so the big guys simply had the rules at COMEX changed, which led to a sudden drop of the silver price.
https://en.wikipedia.org/wiki/Silver_Thursday https://en.wikipedia.org/wiki/Silver_Thursday