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Gold - Silver Manipulation: The Foul Smell Of Desperation!

Monday, April 25, 2016 3:06

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Full article at:

http://news-uncensored-fresh.blogspot.be/2016/04/goldsilver-manipulation-foul-smell-of.html

Nearly 40 million ounces of paper silver were launched at the Comex yesterday in the space of seven minutes, which triggered a 92 cent waterfall in the price of silver; over 118 million ounces of paper silver were dumped on the Comex today (April 22) between 11 a.m. and noon EST. This market intervention typically occurs after the bona fide physical precious metals in the eastern hemisphere have shut down for the day.

The baseline assumption of modern financial theory is that fiat money is sound and markets are efficient. Neither of those suppositions are valid. The markets have been completely stripped of any legitimate price discovery function. You can’t tell me with a straight face that Tesla, which is now burning cash at a rate of half a billion a year is worth $33 billion – or 8x revenues – any more than you can tell me that junior mining stock with $500 million in proved gold/silver resource in the ground is worth only $24 million.

Gold and silver have been “climbing a wall of worry” for several weeks now. The traditional signs of an imminent manipulative attack on the metals (open interest of shorts vs. longs on the Comex, chart formations, etc) have defied the behavioral patterns of the past 15 years. Several “chartists” and Wall Street analysts, notwithstanding their boorish market prediction revisionism, have been been humiliated by the price-action in gold/silver since mid-January.

Several of us who have researched, traded and invested in the precious metals markets since the inception of the precious metals bull market believe that the bullion banks may have a bigger problem with sourcing physical silver for deliveries right now than with gold. The Comex bullion banks have been hitting the price of silver hard with paper contracts the last two days, in a desperate effort to beat down the priceappreciation of silver during the overnight physical market activities of the eastern hemisphere bullion markets.

Currently there are are 56,863 open May silver future contracts representing 284.3 million theoretical ounces of physical silver on the Comex. Against this is 31.9 million reported ounces of physical silver in Comex vaults that have been designated as available for delivery against these open contracts. In other words, the bullion banks have thrown nearly nine ounces of theoretical paper silver at the market for every ounce of alleged physical silver that could be delivered into these contracts.

http://news-uncensored-fresh.blogspot.be/2016/04/goldsilver-manipulation-foul-smell-of.html

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