Wednesday, July 20, 2011

Blatant Silver Manipulation Caught Red Handed!

Great quick video on the mini smack down yesterday in the silver market. 250,000,000 paper ounces of silver were sold in a minute. That was a 1/4 of the global annual production of silver. And they were only able to smack it down a buck or so before we fully recovered. At the beginning of May the shorted 8,000,000,000 paper ounces or 8x the global annual production of silver to knock silver down $15+.

The key thing here is that this is all a paper fantasy. There are only 26 million ounces in the registered vaults of the CRIMEX. No one deposited and sold 1oX that amount in real physical silver. This game will continue until there is a failure to deliver and from that moment on the physical market will render the paper market completely irrelevant.
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