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Its a bit tough to forecast this rise in silver because of the
nature of the rally which is a price breakout precipitated by the collapse of
a market manipulation. The large naked short positions have yet to be
covered.
Few people yet understand what is happening here. Silver is being
re-monetized, and the back of the silver bear cartel is being broken on a
wheel of global demand, shredding their paper pyramid schemes.
If there is no panic liquidation because of a collapse in China or US
equities it appears quite possible for silver to reach the 37.50 target on
its fourth leg up, with a spike to 40 possible.
If there is no spike higher then a steady climb can keep going until the
market clears and the bears deliver their promised bullion, made available by
higher prices. What that price will be is difficult to forecast because of
the lack of transparency and excess of duplicity in the market fundamentals
as they are publicly disclosed.
The more I think about how these markets are managed and regulated,
especially in light of the 'mystery trader' who currently holds 90% of the
copper at the LBMA, approaching a 'corner on the market,' and the enormous leverage
and naked shorting in the 'bullion markets,' the more ridiculous they seem to
be in terms of a productive economic market function and capital allocation
system.
If as stated the market participants driving these schemes are recently
bailed out Too Big To Fail Banks utilizing reserve currency freshly printed
by Anglo-American banking cartel, then this is an absolute discrace, even
worse than the manipulation of key commodities which flourished under Enron.
 
Jesse
Please visit Jesse’s Café Américain
for refreshing news on the markets
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