Asheron Posted September 22, 2012 Share Posted September 22, 2012 After silver exploded through $35 on this today’s COMEX open, we wrote this morning that should silver hold $35 through today’s weekly close, the metal would quickly run to $37-$37.50 early next week as a massive short squeeze developed. The cartel understood the predicament they were in, and responded with a massive paper dump on the market to stuff price back below $35. Between 10:35 and 10:50am EST, an astonishing 62.5 million ounces of paper silver were indiscriminately dumped on the market to induce the sell-off- nearly twice US annual silver production of 36 million ounces!! Click here to see the cartel caught in action!! http://www.silverdoctors.com/cartel-dumped-2x-annual-us-silver-production-on-market-in-15-min-to-smash-silver-under-35/ Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 22, 2012 Author Share Posted September 22, 2012 Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted September 22, 2012 Share Posted September 22, 2012 Sick of this paper manipulation.... Quote Link to comment Share on other sites More sharing options...
dangermaus Posted September 22, 2012 Share Posted September 22, 2012 why is it being manipulated? If the price is meant to be higher surely they can't manipulate forever and you should fill your boots until they can no longer do it? Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 22, 2012 Author Share Posted September 22, 2012 (edited) why is it being manipulated? If the price is meant to be higher surely they can't manipulate forever and you should fill your boots until they can no longer do it? I think there are a few reasons. But one I know is regarding the COMEX They don't want the COMEX to default. Many people are reporting that the COMEX does not actually have the correct amount of physical silver to deliver to all their customers. If they were all to demand delivery. Many people have demanded delivery and been offered cash instead usually at a higher price than spot. “JP Morgan prevented a Comex default by stealing funds from MF Global accounts just before they were due to take physical delivery of gold and silver.” http://beforeitsnews.com/economy/2011/12/the-public-will-not-wake-up-until-at-least-one-million-private-accounts-are-stolen-1473316.html http://bullmarketthinking.com/wp-content/uploads/2011/12/12062011willie.mp3 Edited September 22, 2012 by Asheron Quote Link to comment Share on other sites More sharing options...
Jail Them All Posted September 23, 2012 Share Posted September 23, 2012 I think there are a few reasons. But one I know is regarding the COMEX They don't want the COMEX to default. Many people are reporting that the COMEX does not actually have the correct amount of physical silver to deliver to all their customers. If they were all to demand delivery. Many people have demanded delivery and been offered cash instead usually at a higher price than spot. “JP Morgan prevented a Comex default by stealing funds from MF Global accounts just before they were due to take physical delivery of gold and silver.” http://beforeitsnews.com/economy/2011/12/the-public-will-not-wake-up-until-at-least-one-million-private-accounts-are-stolen-1473316.html http://bullmarketthinking.com/wp-content/uploads/2011/12/12062011willie.mp3 Every day I get more and more concerned about this. My thoughts are that gold, silver, wine, sugar, oil, wheat, wingdings and sprogits exist only as promises and only exist on paper. The monetary worth of these commodities, created in part by the futures market, has been in circulation for some time, and in most instances has been spent. In those cases, there is no commodity and no cash, like the Chinese sending scouts to examine warehouses full of steel which turn out to by empty, or have been sold twice. Too much paper shuffling and deceit has gone on at a high level, what will happen when the smaller investors start asking for their physical commodities? Quote Link to comment Share on other sites More sharing options...
Errol Posted September 23, 2012 Share Posted September 23, 2012 If the price is meant to be higher surely they can't manipulate forever and you should fill your boots until they can no longer do it? This is what people are doing. Buying physical only. Taking the physical off the market is the only way to win. Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 23, 2012 Author Share Posted September 23, 2012 Anyone who is not comfortable investing in Gold or Silver maybe should look at Agriculture or something different just don't keep your life savings in the bank because they will be devalued over the next few years. Look at America they are printing $40,000,000,000 a month out of thin air. Every month from now on, thanks to QE3 aka QE infinity, you will see Oil, Gold, and Silver going up. Quote Link to comment Share on other sites More sharing options...
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