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ZitatAlles anzeigenWow! "The Battle of May Day" is in full motion today with gold dropping below $850 and silver crashing below $16. There are blood stained bodies lying all over the Comex trading floor with margin calls and fresh shorts being laid by the tech funds. "Shock and Awe" as the bad guys have surely named their latest attack on gold and silver....
BUT WAIT!
I am declaring a MAJOR victory for the good guys in "The Battle of May Day"!
As only we at GATA know, there are TWO battlefields in the gold wars. The first is a virtual battlefield of paper gold (COMEX, LME, ETF's, etc). These are the battles seen and reported to the public. It is impossible for the good guys to win the paper battles because, just like fiat currency, the supply of paper ammunition for the Cabal is unlimited. They can, and do, manipulate and naked short those markets into oblivion! GATA will NEVER win the war on the paper markets.
The second battlefield is known as the physical market. This is were the war will be won. Real metal being taken off the market never to return to the hands of the cabal. The physical market is ON FIRE right now with reports coming out of India of major buying, the US mint in a "silver rationing" mode, retail shortages and the best of all TODAY'S COMEX SILVER DELIVERIES TOTAL 21,370,000 OUNCES!
http://www.nymex.com/media/delivery.pdf
Over 21M oz is an exceptionally large amount to be called for delivery in a month much less a day. Unfortunately, I do not have historical data on COMEX silver deliveries to compare to but I did search the Cafe and only found a few times this has happened on a monthly basis in the past 10 years. Large deliveries in the past have not necessarily translated into silver leaving the warehouses but it is more likely now that there is evidence of shortages on the retail markets.
I think it is also interesting that this amount is just below 50% (49.8%) of the total registered silver available in all the COMEX warehouses....
Another loss on the virtual paper battlefield but a MAJOR victory on the physical battlefield.
WE ARE MUCH CLOSER TO WINNING THE WAR AFTER TODAY.
Bereits am 1. Tag wurde mehr Silber ausgeliefert als sonst in einem Monat - 50% der registrierten Bestände.
Ist das eine Finte ??
dem Kurs nach hat dieser Verkauf nicht stattgefunden