Silver smashed to $33.50 as 50% of annual silver production dumped on market in 5 minutes
23
September, 2012
Apparently
Blythe’s monkey’s are burning the Sunday midnight oil in
order to prevent silver clearing $36 and triggering JPM’s rumored
silver derivative losses.
A
miniature replica of the May 2nd, 2011 drive by shooting was just
completed, as silver was knocked down the proverbial mine-shaft
moments ago, dropping nearly a dollar in nano-seconds on
Monday’s Asian open.
Volume
data indicates that 3,297
contracts, or 16.5 million paper ounces of silver were dumped on
the market in a mere 5 minutes between 9:00 and 9:05pm EST.
In
other words, approximately
1/2 of the entire US annual silver production was dumped on the
market by the cartel in a 5 minute period on a Sunday night.
Combined
with Friday’s raid which saw
the cartel dump 62.5 million ounces or 2x
the US annual mine production on the market in 15 minutes, the
cartel has now dumped 2.5 years worth of annual US silver mine
production on the paper futures market in under 24 trading hours.
Silver
was drifting under $34.50 prior to the raid which knocked .80 off the
metal nearly instantaneously at precisely 9:00pm EST:
The
t 1/2 of cartel raids dumping 6 month total US silver supply can now
be measured in minutes, as silver is back above $34.
Gold
was also knocked nearly $8 lower to $1761:
No comments:
Post a Comment
Note: only a member of this blog may post a comment.