ago, ‘twas the fateful Sunday night when the Cartel pulled off its most
coordinated PM attack of ALL TIME, the infamous “SUNDAY NIGHT PAPER
SILVER MASSACRE.” Just as silver was about to complete the
“ULTIMATE TRIPLE TOP BREAKOUT” at the KEY ROUND NUMBER of $50.00/oz, it COLLAPSED in the early hours of trading.
Chinese market was closed for a holiday, with not a cloud was in the sky
regarding supply or demand. In fact, nearly all bullion dealers were
SOLD OUT of silver rounds and bars, as I wrote in several RANTS at the
Ranting Andy: Alert! Alert! APMEX (and Likely Nearly All
Mints) Out of Silver
Ranting Andy: Alert! APMEX, Overwhelmed by Physical Buying,
Ran Out of Silver Eagles!
months after “D-DAY,”, the Cartel clearly experienced MORTAL
FEAR of its imminent demise, catalyzed in large part by an operative
led by the PM community’s fearless leader, “ADMIRAL SPROTT”
– i.e., the $575 million IPO if PSLV, the Sprott
Physical Silver Trust. TPTB knows full well silver is the ACHILLES HEEL of
their scheme to maintain confidence in fiat currency, and that an
explosive surge above the widely watched 1980 highs could catalyze the inevitable
PHYSICAL mania, ending their four decade reign of terror.
Silver is The Achilles’ Heel to the Entire Economic
glance, I’d say the plan was perfectly crafted. That is, they selected
the thinnest time of the trading week – Sunday night – made sure
it was a Chinese holiday, and even pulled out their “ace in the
hole” – the bin Laden execution – to use as cover.
And cover it was, as the ENTIRE smash occurred within 13 minutes,
well before the bin Laden news was released. I won’t even go into the
silliness of attempting to connect his supposed death to declining
silver prices, given my lack of time this morning. However, I did go
over this topic in great detail five weeks ago, when I wrote the below RANT
at the San Diego Airport, the EXACT spot I was on Sunday, May 1st
2011, when the whole, sordid episode commenced.
Sunday Night Paper Silver Massacre – Revisited
say, much of what I’m thinking now was stated in
“REVISITED,” but I wanted to acknowledge this important day in real-time,
even if I don’t have the time to add to these comments further.
takeaway of the “SUNDAY NIGHT PAPER SILVER MASSACRE” should be
silver demand WILL eventually swamp the Cartel, and the next time we push up
to the KEY ROUND NUMBER of $50.00/oz, I doubt they
will be so lucky. I cannot overemphasize the importance of breaking above
this historical price, which in my view will yield the “ULTIMATE
QUARUPLE TOP BREAKOUT,” the end of four decades of deleterious
status quo, and the beginning of a terrifying period of social unrest,
draconian government, and HYPERINFLATION.
YOURSELF with PHYSICAL GOLD and SILVER, FOOD, ENERGY, and ITEMS of REAL VALUE,
and do it NOW!