Our government has been hard at work in conjunction with some key banks in trying to suppress both the price of GOLD and the price of Silver.
Recall last year when the FED was sued over the use of US Gold reserves to influence the price of Gold. Well as it turns out, they have been using Silver over the past 16 years to do the same. And unlike Gold, they used all of the US Silver reserves! And now its game over.
A Quadlruple storm to support advanced prices:
1. Exponetial increase in industrial demand as third world countries augment their lifestyles.
2. Unlike Gold, Silver is not stored for the most part, it has heretofore been perishable.
3. JPM will need to make good on 40% of the worlds paper silver supply, that it sold naked (without borrowing).
4. Bernanke and OBama no longer have silver to effect price controls. We're out!
5. The world currency crisis is moving folks rapidly to a capital preservation strategy in precious metals.
I'll throw in a bonus point: unlike the 50% spike in scrap metals that came to market on the last run to $50 an ounce, there is no such supply today, and no infrastructure to process it.
Many argue that Silver will overtake GOLD in price and not look back.
Your greatest challenge will continue to be "resisting the shakes" as we stair step to Silver's fair value...
For those who believe slow job growth will dent world wide demand, think again. Corporate profits are strong, job growth in China and India is strong, and the dollar continues to be weak.
So the industrial play is in effect, and the asset protection play is about to kick back into full gear!
Inflation is still our biggest threat!
time is not on shorties side. We may lose a sprinkle of weak hands down at these low prices, but your thirst will not be satisfied given the "no change" and in fact worsening fundamentals for the dollar.
QE3 is on its way.
Wave 4 Super Grand Cycle will produce some Social changes.
1. One key Social Change to monitor, is Saudie Arabia,
A. Woman now want to be able to drive cars.
Huge Social Change in Conservative Islam world. Woman driving a car or truck?
WOW! One Islam woman has posted her driving on You Tube.. Saudie Officals are shocked..by her desires.
Maybe this post gets through maybe not. It seems the attacks have been stepped up.
Yesterday's 3rd day of manipulation rocked the very underpinnings of capitalism.
This thing is so much bigger than silver. With its paper and physical price discovery widening with every avalanche of thin air phantoms pumped through the SLV mill.
JPM, now bigger than life and with the help of a crooked FED backing, has inavertantely put the whole system at risk just because it won't cover its more than all the silver in the world short bet!
CNBC even has a new tone today. Not so "bubbly" but still not reporting all the business news that folks need to hear!
BUY the miners and ignore the jirations in paper. It costs you $70 bucks to buy the same ounce of silver as a coin, that the mass media and the market says only costs $34 as a paper representation of the coin; down from near $50 last week.
All they did was cause more supply shortages as folks are being spooked from paper into the physical.
I can't store that much silver in my house, so I opt to own the guys who find it.
the silver miners like EXK!
Good luck, and hold, as we challenge the viability of FIAT currencies and capitalism as we know it today!
As we sit here poised to take out $50 spot, it amazes me how much the retail cost for silver is going for. $5 over spot is not unheard of.
Eandeavor and others may one day consider selling direct to the public for the real street prices...
Wouldn't that be interesting?