5th April 2012, 08:54 AM
Here's a succinct summary of my latest post for those of you new to the Silver manipulation situation. These 4 questions and answers summarize what is happening in the silver market...
QUESTION #1: Is the Silver market rigged?
ANSWER: YES. Everyday and every trade the silver market is"controlled" and has been for at least the last 40 years. NOBODY knowsthe true Fair Market Value of silver anymore so all prices for silverare currently irrelevant.
QUESTION #2: How is it done?
ANSWER: The silver market rigging is accomplished by runningcomputer market trading programs to "steer" the price of silver up anddown flushing out weak hands on the price slams and covering shortpositions that were previously put in place to cap the rising price.These silver "trades" have little to do with physical silver buteverything to do with paper derivatives of silver. There is no floor orlimit to where "the controllers" can place the price of silver.
QUESTION #3: Why are they doing it?
ANSWER: To save the un-backed fiat monetary system. Unless youcontrol the prices of all commodities, especially the monetary metals,an un-backed paper or electronic monetary system will fail in rapidfashion. As such, when the US went off the Gold Standard in the early1970"s, Alan Greenspan wrote and implemented the original computermarket rigging models to PROLONG the acceptance of un-backed fiat money.This was the implementation of the 1960"s economic theory called "On The Road to The Golden Age" by Bertil Näslund which dealt with Nobel Prizewinner E. Phelps's "Golden Rule Theory" of equal capital accumulation.The ultimate conclusion of this theory was to print as much un-backedcurrency as possible for as long as possible to reap all the rewardsbefore returning to the discipline of a Gold Standard.
QUESTION #4: When will it end?
It is important to understand that the Implementation of the "On The Road to the Golden Age" Theory has an end point and that comes when the costs out weight the benefits.
We have arrived at that point and the US is trying their best to DESTROY THE DOLLAR in order to return to sound money!
For more information on the Road to Roota Theory read through the archives starting here:
The Road to Roota Theory
May the Road you choose....be lined with SILVER!
5th April 2012, 10:23 AM
As it helps many people get through the Bankster attacks on Silver I present once again a soothing tonic...
You Silver Pacifier
Many mainstream commentators are stunned at the brazen manipulation going on in full view of the world but hopefully you are not. This was never hidden well. The prices of gold and silver have been controlled by computer rigging programs since the 1970's and they will continue to be rigged until the computers are turned off. We know who started it and we know why they do it.
For the past 5 years the advise on the Road to Roota has been to GET OUT OF THEIR SYSTEM by buying physical Silver and Gold, taking possession and watch the fireworks happen.
The latest article getting the silver bugs all pissed off at the regulators is this one from SilverDoctors...
637.5 MILION OUNCES OF PAPER SILVER DUMPED IN 1 HOUR AFTER FED MINUTES RELEASED
Although almost anything helps our cause of exposing the "Bad Guys" at this point, I would like to point out what I think is a misleading conclusion in this article. It's this statement:
"...637.535 MILLION OUNCES OF PAPERSILVER were dumped on the market in only 1 hour, resulting in a massivesilver decline of(only).... $0.65."
I contend that these trades were not a "dump" of paper silver but rather high frequency computer trades between just a couple entities colluding to buy and sell to each other illegitimately setting the price of silver lower. It's the banking cabal trading back and forth TO THEMSELVES in unlimited quantities with the sole purpose of lowering the price.
These contracts were not dumped onto the market only causing a $0.65 decline as that assumes that there were 3rd party, non-colluding buyers at the other end. Although there may have been a couple most BIG buyers stand aside when an official price slam operation is in progress. This was a structured maneuver with no limit on the amount of "paper ounces" that can be involved.
There is no free market fight between buyers and sellers in gold or silver.
There are only computer programs rigging the price every day and every trade.
"Total Project Control" as Stephen Devaux calls it!
And there is only one way to survive this fact:
SIT ON THE SIDELINES WITH YOUR PHYSICAL GOLD AND SILVER IN YOUR OWN POSSESSION!
The volatility is HERE and it will get a lot worse on both the downside and the UPSIDE so keep your seat belt on!
May the Road you choose be the Right Road.
PS - As far as timing the bottom of this slam it's anybody's guess and only the computer riggers know the answer. I would expect the physical silver retail market to run out of silver if they drive the price under $30. Remember "they" can set the price ANYWHERE so stay on the sidelines... their game will all be over soon.
8th April 2012, 08:24 AM
Question:.. David, here is part of what Ted Butler posted recently; can you comment, please?
"If the agency does the right thing and finds that the silver market had been manipulated, the silver market world would change overnight. Suddenly, the world would come to realize that silver had been a crooked market from no less of a source than the US Government itself. No more vague suspicions or arguments about far out conspiracy theories about people (me) who didn’t know what they were talking about. No more anything of that sort. The matter would be settled for all time. Yes, I will derive immense personal satisfaction from such an outcome, but there is a lot more to it than that.
“In the event that the CFTC does what is correct . . . and what is required of them to do by the rule of law, then you better own some silver. A sudden announcement that a US Government agency found silver to have been manipulated to the downside would likely trigger off reactions from world silver producers, consumers and investors that are impossible to fully comprehend. Miners would be angry for having been cheated by artificially low prices. Industrial users and investors would rush to buy before others did so. This event alone could quickly spiral into the silver bubble I wrote about recently. The legal repercussions are also hard to fathom for a manipulation that lasted for many years. But the bottom line is that it would likely set off a buying wave never seen before. Please remember this is a highly unique situation specific only to silver; as there is no gold, or corn, or crude oil investigation underway. Therefore, any price impact should be primarily confined to silver. This outcome is not the only reason to buy and hold silver, but it would be enough if it were the only one.
“Because the price stakes are so potentially explosive in the event the CFTC moves against the silver manipulators, I think that may go a long way to explaining the agency’s foot-dragging to this point and why they need to be pressured to do their job. I know that many, perhaps most of you, believe that the silver manipulation is run by the government (through JPM) to protect the dollar or maintain some semblance of normalcy in the financial markets. Given all the facts, that’s certainly a plausible explanation. My take is different - I think the agency knows full well that a crime is in progress but is afraid to set off what would likely be a major silver market reaction. But it’s time for the Commission to man (and woman) up . . . and uphold their most important responsibility of all concerning manipulation.”
Comment: For clarification, all of the above is from Ted Butler except for the opening sentence asking my opinion. First, Ted, Franklin Sanders, and I were the only three people I know of writing about silver in any significant way, back around the year 2000. Franklin predates Ted, and Ted had more written publicly than I had when the Silver-Investor Web site was started.
I am not sure that an announcement of all that has taken place in the silver market would start a buying panic, although it could. My view has been that this will take place without any “help” from the authorities anyway, because once silver reaches the tipping point, both investors/industrial users will be buying. I do agree that massive amounts of lawsuits could enter the system if the CFTC were to announce findings of any wrongdoing in the silver market.
Remember there are lawsuits already filed at this time.
Would the miners would be upset? Yes, some would be furious and most likely enter into a legal action, but many are cozy with the very bankers who manage silver prices for them and others. So here I agree partially, and this comes from my experience in having been to numerous shareholder meetings and speaking with so many silver mining company CEOs over the years.
On balance I agree that making the announcement could definitely cause many unknowns and probably put the spotlight on silver by even the mainstream press, for several days if not weeks. And if I read this accurately, this would be a huge motivation for the CFTC to not take any action.
Wishing you the best,
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