Tuesday, May 3, 2011

Silver Flash Crash

Silver prices are being massively manipulated.

And Now For Today's Mini Silver Flash Crash: Same Time, Same Place

Tyler Durden's picture

Submitted by Tyler Durden on 05/03/2011 18:42 -0400

Just like yesterday and the day before, 6:30pm is now the official precious metal "bang the afterhours" launch time. As we predicted minutes ago, silver just got taken to the cleaners on what is now an apparent attempt to push silver around in the no volume part of after hours trading, in the 6-7 pm no man's land. We expect an imminent rebound after this latest attempt to trigger stop losses, probably those around $40, fails. If it succeeds in pushing silver below $40 it is very possible that the metal can promptly trade down to the mid $30s as a result. And while banging the close has been investigated by the CFTC for years (resulting in some modest smacks on the wrist recently for the ex-Moore trader who did this with impunity), we are confident it won't be before 2015 that the CFTC's commissioners investigate this particularly odd behavior in silver and gold. By then it, of course, won't matter.

In the long term view however Silver is doing great!

Heres some technical analysis

Silver sell-off, record low t-bill rates, inflation

SILVER SPOT FALLS TO HELL AS THE MAPULATION CONTINUES?

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

If you are reading this BLOG, you are the RESISTANCE.

Declaration of 'We the People'

Let it be known that We the People of this land commonly known as CANADA, stand in recognition of the true principle that whenever a government abandons the purpose for which we have created it and even becomes hostile towards that which it was once a defender of, it is no longer a fit steward of the political power that is inherent in the people and lent to this government with strict conditions. These conditions are defined in the Canadian Bill of Rights, Canadian Charter of Rights and Freedoms and the Constitution Act of 1982. Furthermore, to the extent that our government violates these conditions, they nullify their own authority. At which point it is our right and duty to entrust this power to new stewards who will not depart from the laws that we have give them. This being the case let it be known; that should our government seek to tax, restrict or otherwise impose on any of the rights that should not be infringed, thus impairing our ability to exercise our God given rights to life, liberty, property and defend against such impairments, which precedes all human legislation and is superior to it, that the duty of us good and faithful people will not be to obey them but to alter or abolish them and institute new governments laying its foundation on such principles and organizing its powers in such form as to us shall seem most likely to affect our safety and happiness.