Good afternoon, Dear Reader
Silver jumped today from 17.80 to 18.50. http://www.kitco.com/charts/livesilver.html#ny
That’s a larger jump in just a few minute than I’ve ever seen. It leads on to suspect that this might be the beginning of the long awaited and oft-predicted boom. A run on Silver (and Gold) is inevitable. I just hope we’ve got ours before the prices become prohibitive (for some). Remains to be seen how long it will stay there but I expect it will, eventually, and start it’s climb to the astronomical prices that it is really worth without all the price suppression manipulation by the big money players. Oh, well. We’ll see.
Ed Steer will certainly have something to say tomorrow. If you haven’t already subscribed to his email newsletter, I highly suggest it. It’s fun to read if you like this sort of thing. http://www.caseyresearch.com/displayGsd.php
Wanna know more about how manipulation works? Check this: "Manipulating the Silver Market" http://www.fgmr.com/manipulating-the-silver-market.html
And from Ed Steer's news: “The last precious metals-related story is a GATA release from late yesterday. Chris Powell uses the headline "Over lunch with FT, more igno-rant snickering about gold". The headline from London's Financial Times reads "Lunch with the FT: Adam Fergusson". Powell's headline is right on the money... as is his lengthy preamble. The link to that, and the FT story, is here.” http://www.gata.org/node/8953 .. Both are must reads.
Dave in Denver says today:
“Everyone who has and does scrutinize the precious metals market on a daily basis is well aware that the physical supply of gold and silver is getting scarce, especially relative to the size of the massive paper short positions taken on by the big bullion banks here and in Europe. Silver as I write this is now pressing $18.40... One of these days a big foreign buyer is going to attempt to take a large silver delivery from the Comex and the Comex will default. It will be "game over" then for our system and a devastating currency crisis will erupt, along with hyperinflation. Prepare accordingly.” http://truthingold.blogspot.com/
OK! So here’s what Happened!
Gold Goes Vertical As Goldman Reiterates Harsh QE Expectations
http://beforeitsnews.com/story/148/957/Gold_Goes_Vertical_As_Goldman_Reiterrates_Harsh_QE_Expectations.html
"Well, we sure hope you, ahem, bought the dip. A $17 vertical move in minutes is an appetizer of what will happen when Bernanke says the wrong word at J-Hole (and he most likely will)." Check the chart! http://www.kitco.com/charts/popup/au24hr3day.html
And again, Activist Post comes through with the most interesting developments.
http://www.activistpost.com/
That’s It. C’ya tomorrow…
w/love
ali
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