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Silver Wheaton Corp. Message Board

  • sharpie3444 sharpie3444 Jul 14, 2014 11:47 PM Flag

    Jim Sinclair

    Manipulation such as the sale of $1.3 billion dollars worth of paper gold at an illiquid time period today is not to protect the dollar or bull the general equity market. It is to make money for the manipulators that want here to cover their shorts and initiate to expand their long positions. That sale was a pure construct as there was no news to sustain the sell or to initiate it in the time span of its occurrence.

    Long term cycles in gold are in the process of turning long term positive. That is fact. There is a strong possibility that this is the last take down before gold trades at a new highs. I feel this is the situation.

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    • The suckers were in, the RSI had toped , The JP Morg or whoever knew they could force price lower so they did, the time was right . . likely they have the platform to tell Soros was buying and could tell when he stopped, once the buying weakened, no problem selling into weakness.

      • 1 Reply to sharpie3444
      • The news about George Soros was in 2005 was new, according to their latest article? This should be criminal to me, how they can pump and dump by spreading this news. Everyone already knows about the Paper markets in the futures, the question more important, is when will it stop?
        Silvers real worthless probably closer to $100, problem is when will you see the true value when its been manipulated for so long.

        Sentiment: Hold

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