Cartel Just Reared It Evil Head - "Silver Smashed to $33.50 As 50% of US Annual Silver Production Dumped on Market in 5 Minutes"

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Kenscott
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Cartel Just Reared It Evil Head - "Silver Smashed to $33.50 As 50% of US Annual Silver Production Dumped on Market in 5 Minutes"

How else can one interpret it short of the Cartel raiding the supposed open market once again.

http://www.silverdoctors.com/silver-smashed-to-33-50-on-asian-open/

You would think that QE3 would have enough pressure on the markets to help short off such horrendous attacks. I guess not.

Edited by admin on 11/08/2014 - 06:08
tankerfirstofficer
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I would think that any entity

I would think that any entity capable of keeping interest rates at 0% can keep paper gold and silver prices at any price they wish.

That is, until they can no longer do so. I don't believe that time is yet upon us,  but it may be here sooner than any of us might think.

TPaine
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Who cares. With QE to

Who cares. With QE to infinity on the table time.. time.. time.. is on our side... YES IT IS!  BTFD and say thank you.

__________________

(I'm not a nimble day-trader. Cash account, no margin and settlement periods makes swing trading more my style)

Kenscott
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I Am Hoping You Are Correct

I am hoping you are correct in this matter.  I think the international picture is shaping up in such a way that physical demand globally will soon overtake the West's ability to simply pump it spot price up and down at will.

This being said, I still hold my odds and ends until later in the year. If I do not find a job, the monies will be needed.  Also, if the Fed does not approve funds for those on extended unemployment for 2013, I and a lot more people will be in a much worse scenario than now.

So, I just add what I can as I can and hope things are going to move as we are hoping.

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