Silver Market Morning: Oct-14-2015

The attack on ‘Frackers’ in the U.S. through ongoing low oil prices continues and will until that productions is lowered heavily. In addition the Shi’ite oil producers will see Iranian oil come onto the market to put more downward pressure on the oil price. The Sunni producers [Saudi Arabia and producers on the west of the Persian Gulf] will continue to keep production as high as they can as part of the ongoing antagonism between the two sides of Islam. So low oil prices are here to stay.