Conclusions: The price rise of silver in Q4/2010 would have been much steeper had J.P. Morgue and HSBC not “shellacked” the market with an additional, cumulative 4 billion in price-suppressive, paper short sales. Had these agents of the U.S. Federal Reserve not undertaken this market manipulation – the price of silver would have soared much higher, making the already weak U.S. Dollar look even more unattractive as a prudent vehicle for countries seeking diversification/safety of their reserve positions.
The CFTC is “owned” by the banks they are supposed to regulate. Instead of ensuring the sanctity of our capital markets, enforcing meaningful position limits, they aid-and-abet the banks in their price rigging [undoubtedly in the name of fiat preservation / National Security].
What is really occurring in precious metals-ville is that DEMAND for physical metal is now increasingly trumping the fraudulent, unlimited supply of paper metal [futures]. This is why “BEAT-DOWNS” in price – like the buck and half swoon depicted below [circled] on March 11, 2011 – no longer cause MASSIVE, LASTING breakdowns. A couple of years ago an engineered sell-off like the one depicted below would have decimated the silver market for months.
The real reason for the growing resilience in the metals markets is this: despite shills claiming that physical supply is no problem – institutional investors and national mints are having increasing difficulty sourcing physical metal.
In the past – smack downs in the price made investors wary and blunted demand. Today, investors are better informed and realize that smack downs in price when physical supplies are tight – are not only counter-intuitive, they’re a sign of desperation – and this brings buyers of physical metal “out of the woodwork”. - Rob Kirby
Thursday, March 31, 2011
The Anti-Thesis of the New World Order
http://www.larsschall.com/2011/03/29/the-anti-thesis-of-the-new-world-order-%E2%80%93-die-anti-these-der-neuen-weltordnung/
Labels:
bullion banks,
CFTC,
Fed,
gold,
new world order,
physical,
silver
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