Cartel Dumped 2x Annual US Silver Production on Market in 15 Min to Smash Silver Under $35

After silver exploded through $35 on this today’s COMEX open, we wrote this morning that should silver hold $35 through today’s weekly close, the metal would quickly run to $37-$37.50 early next week as a massive short squeeze developed. The cartel understood the predicament they were in, and responded with a massive paper dump on the market to stuff price back below $35. Between 10:35 and 10:50am EST, an astonishing 62.5 million ounces of paper silver were indiscriminately dumped on the market to induce the sell-off- nearly twice US annual silver production of 36 million ounces!! Must. Not. Allow. Silver. To. Close. Over. $35. Perhaps there is something to those rumors of JP Morgan silver derivatives losses triggered with silver over $36? source: http://www.silverdoctors.com/cartel-dumped-2x-annual-us-silver-production-on-market-in-15-min-to-smash-silver-under-35/

GOLD 2000 SILVER 55 by 2013

Guys, this is Strongman for a silver update. What Bernanke, Draghi and the german courts are saying is this: " we don´t care about the laws, we stand for more money printing to save globalization". this is it. They are going to print more and more to infinity. Sinclair is right again. gold to 2000 U$S and silver to 55$ next stop Strongman out

A silvertard post made at Godlikeproductions.com

 
Crash Alert

The big news today and tomorrow is not the Fed meeting. I have received calls and e-mails asking what I thought the Fed would do. I have had others pontificating that the Dollar would do this or Gold do that in the aftermath. Who cares? I mean really, WHO CARES? We already know that mathematically the Dollar is a dead entity. We already know how this will end financially, so were Gold to drop or explode (actually, should the Dollar do this since an ounce today is still the same ounce tomorrow), what difference does it make?

The Fed is in a box no matter what they say or do. They will be forced to QE in the form of buying any and all Treasury securities that are offered and not purchased by the market place (our creditors). This is an absolute...

...Folks, what we are in for is worse than ugly. The financial system is in the process of going upside down, “the state” everywhere is preparing for this through control of everything and the makings of a war over religion could ignite at any moment for any reason no matter how small. I do not often and have only 3 times in the last 5+ years issued a “crash alert” but we are there again. We are spinning out of control and the “handlers” have too many balls juggled up in the air at one time, make sure that whatever preparations you plan to make…are completed by the weekend.

[link to blog.milesfranklin.com]

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Citi: If NEW QE, Then Buy Gold

CITI: ..."the risk that the assets that will benefit are those sensitive to liquidity, such as money substitutes and Treasuries, rather than assets that are sensitive to real business cycle expansion."

Citi has finally figured out that the Fed will be unable to herd cats and instead of investors positioning to buy the assets that the Fed demands they should buy, i.e., stocks with a 100X P/E, a far simpler trade will be the one that has worked for years - to simply frontrun the Fed in what it will buy, as explained here months ago, when we showed why the performance of the long-bond has surpassed that of the S&P by a factor of almost 200%.

Second, and more importantly, let's recall that "money substitutes" = gold [silver]. So... Citi basically said that tomorrow Ben Bernanke is about to (again) become a goldbug's best friend.

[link to www.zerohedge.com]

source: http://www.godlikeproductions.com/forum1/message1986455/pg1

Jeff Christian: No QE3 Coming, Gold & Silver to Crash As Rally Has Been Based on ‘Speculative Fluff’

Guys for the contrarian anti silver readers, here is your piece.... we are all waiting to Bernanke, right?


When The Vampire Squid and the Morgue both advised their muppets (clients) over the weekend that QE3 is a done deal for this week many rightly took it as a contrarian sign that The Bernank will majorly disappoint Thursday.
We now have contrasting contrarian indicators however, as the CPM Group’s Jeffrey Christian was back on BNN today, claiming that there is zero chance the Fed will announce further ‘real’ easing until December at the earliest, that he expects gold to imminently crash to $1550.
Christian states he is advising clients to buy puts on gold and gold equities and SLV ahead of Thursday’s Fed announcement and states that silver has rallied 20% over the past month and a half ‘purely on speculative fluff‘.
So the question is who is the greater Contrarian indicator…the JP Morgan/ Goldman Sachs combination, or Jeffrey Charlatan…er…Christian?
Watch Christian’s full interview at BNN after the jump:


source:
http://www.silverdoctors.com/jeff-christian/