Original von Aladin
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What we saw yesterday not only was disgusting, but extremely ominous.
Meanwhile, the cabal forces continued working silver over, breaking it down completely from a technical viewpoint. It is one of the worst looking charts you will ever see. But, how strange. The silver fundamentals are as firm as ever and the prices of oil and copper are at all-time highs.
Once again the funds long gold, seeing the cap The Gold Cartel put on the price, began to dump their longs, especially after noticing how silver was crumbling.
What does all this mean?
The powers mentioned above are scared to death to let gold rise above their defense point because they fear it could set off derivatives neutron bombs in both the gold and credit markets. At the same time, the trade shorts are very nervous to remain that way for much longer. The gold fundamentals become more positive by the day. The bad guys are having trouble coming up with enough physical gold to meet demand and it is having an impact on how they operate.
No sense repeating what MIDAS has presented all week. Gold remains in explosive mode. What the cabal is doing can be compared to a kid trying to keep a rubber ball under water. It won’t work for any length of time. There is too much pressure for the price to rise, and to do so substantially.
Perhaps The Gold Cartel can blow out all the specs and take gold down to $420 like the mob thinks. I doubt it. My bet is sometime soon the dam breaks and the price of gold streaks towards $500 per ounce.
The gold open interest rose 4444 contracts to 330,070 as the cabal crowd increased its defense of $440.
Silver makes no sense. It probably is as good a value buy here, especially as to what other commodity related prices are doing, than at any time in history. My guess is that this is an engineered false breakdown that will not last long at all. Once silver takes out $6.85, it will streak for $8.
The dollar was weak most of the day until near the end. Oddly enough, perhaps predictably enough would be more appropriate, I could find no plausible reason for the dollar strength, as the news was bearish. The dollar closed at 87.83, up .27.
[U]The John Brimelow Report
Could be time to buy silver
JB