I think the May smashdown was intentional in the sense that the EE always plans in advance for what they know is going to happen at some time in the future. It seems to me that they did this smashdown so early or ASAP, in order to set up the phoney end of QE 2 and the Greek crisis too, timed so as to bring down the markets just enough to have the world scream for more liquidity, or QE 3. True they are playing with fire in the extreme and walking a deadly tightrope. Perhaps, they were fully aware that to go directly into QE3 would have sparked hyperinflation much sooner than they would like. So, all this is planned and time so that that did not happen, buying more time, or allowing them to kick the can down the road one more time. But, it is clear that time is running out and there are fewer options and weapons in their arsenal. Remember, Pm's are the pinnacle or primary barometer for the health of all fiat currencies in the world. So, it has to be attacked first before anything else happens or the "Big Con" is over for these, the greatest of criminals in all of human history. Hyper inflation is all but written in stone and is as inevitable as tomorrows sunrise. That you can count on with absolute certainty. Protect yourself with PM's. It is all that is left.
Why the price of silver was smashed at the beginning of May
The smack down was just meant to be. It went up in a parabolic way and that just couldn't last. Just be glad about this correction and buy more of the things you want.
I dont think they caused the rise - I think rather it caught them by surprise and the action they took was almost in panic. I dont assign as much intelligence to them as you do but they sure are evil.
After I read Armstrong's take on silver market movements which he wrote in -98 I'm utterly convinced that this parabolic move were a result of the EE's manipulation, in order to gain huge profits on the way up and down on this rollercoaster.
Silver’s correction from nearly-$50 to $34 was wild; it was the kind of market movement that hardly allowed investors to digest what was coming as it happened. A month after wild market activity, investors who have taken the time to uncover what happened in the market may have realized three key elements of the selloff.
Just about the entire economic framework is manipulated to some degree or another, all for the powerful elite. Silver is not any different. "They" can pin any price on any commodity to the wall at any given time. This control over everything in our economy is the rot-gut result of easy money, unlimited backing from the Federal Reserve, fractional reserve banking, bailouts, and the dastardly deeds of naked shorting to infinity.
The good news is all this can be solved with one easy method. Free Markets will be Free once again when our money is HARD MONEY!