The Silly Silver Manipulators
It is now clear that the precious metals market was “set up” this week by the bankers for a major take-down (a “take-down” which is already starting to fizzle-out).
It began with the piece by World Bank president Robert Zoellick “suggesting” a return to some sort of gold standard. Having a banker come out with that remark was designed to whip the bulls into a manic frenzy – and it worked. Not only bullion prices, but the share prices of mining stocks began to shoot up in the rapid, erratic manner indicative of manic buying.
To “help” the process along, it’s clear that mining-shorts were actually pushing the share prices of gold and silver miners higher especially as the market opened Tuesday morning. Once they had longs extended (over-extended?) to the maximum degree, the “ambush” was launched: “margin” was reduced on silver trading accounts by about 30%, with absolutely no warning. Or rather, I should say there was no warning to the general public.
Apparently the bullion-banks were tipped-off, since despite their plans to ambush “longs”, the bullion-banks were covering their own short-positions (and taking heavy losses on rising prices) – to reduce their own margin in anticipation of this announcement. As a result, only the longs were forced to cover margin-calls after this “surprise” announcement. Then, with the bankers pushing-down on the silver price with all their might, they leveraged all of the long margin-players out of the silver market – inducing the expected, large drop in price...
No doubt the bankers (and the corrupt U.S. regulators who serve them) are busy patting themselves on the back for the “success” of their latest operation. However, to me, all that comes to mind is the image of Wile E. Coyote. Those who can still recall their cartoon-watching years will be familiar with how the attempts of poor, hapless Wile E. to trap the Roadrunner always ended-up (literally) blowing up in his face. And so it is with the bullion bankers...
full commentary: http://www.bullionbullscanada.…ver-commentary&Itemid=130
Deutsche:
Die Silly Silver Manipulatoren
...in grob Underpricing-silbern, die Bullion-Banken direkt verantwortlich für die Explosion in der industriellen Nachfrage Silber. In Einengung des Angebots, während radikal Stimulierung der Nachfrage waren die Bankiers enorm "erfolgreich". In nur 15-Jahres-Spanne, stürzte globalen Silber Vorräte um 90%...