SGS Notes: Well, it's been another eventful week... if you had been watching silver prices this week, you would have seen the roller coaster we all experienced. I rarely write the SGS Newsletter main article(s), preferring to allow the 'experts' to speak since they can do it far better than I. However, I'd like to provide the following commentary to try to explain in simple terms what we saw happen this week, and some of the implications, taking information from the variety of sources I peruse daily.
Silver Market Roller Coaster & QE∞
Monday 10th - Our week started out with silver spot at $33.69 as the market opened Sunday evening, and Monday was pretty uneventful closing at $33.51.... the calm before the storm.
"Everything going on these days behind the scenes is interconnected to the take down of the 'Bad Guys'. From the US elections to the European situation to the silver market volatility - it's all interconnected. It is all an orchestrated play that is coming to it's climax. OUR TIME is approaching fast and this go-round there is no stopping what is to come." Bix Weir 9/10
(See 'The Planned Silver End Game' at right)
Tuesday the 11th Monday was followed by a volatile day on Tuesday the 12th. Prices fluctuated all day in a $.40 range... and finally cloased the day at $33.62.
Tension is mounting as the world awaits the speech & anticipated announcement by Ben Bernanke on Thursday.
Wednesday, the 12th all is still fairly quiet when WHAM! around 10:30 a.m. EDT, we have an abrupt downturn of $1.
If there was any doubt in your mind about the silver market manipulation, this week's activity should lay it to rest.
Wednesday's smackdown by the manipulators is on record for all to see. How does a naturally occurring market make a instantaneous drop of almost $2.00, then rise $1 within the hour ???
So what was happening?
One of the favorite tools of the manipulators is to do a quick massive sell-off, which triggers the stop-losses of other investors and floods the market, thereby causing a sharp downturn in price. At the bottom of the downturn, they use the same money to buy up more positions before equilibrium returns. When you are dealing with millions of shares, $1 in price can make a big difference.
Remember we've been hearing how JP Morgan (primary culprit - there are others) holds a massive naked short position in silver derivatives.
Wednesday, I got this from Bix,
" Just a heads up about the Fed announcement tomorrow...
WATCH FOR A BACKFIRE!
I don't know what that backfire will be but in the Road to Roota Theory the Fed will have to be blamed for the global monetary meltdown. It may be the announcement of some form of QE3 as that would be something that is very visible.
Whatever comes from the announcement watch for the global meltdown to increase in speed over the weeks following."
Thursday, the 13th
Bernanke announces QE to infinity...
"No limits. No end date. This is QE to INFINITY!
Make no mistake...this is all on purpose. This is the END GAME and the blame for the global meltdown will be placed, rightfully, on the shoulders of the Federal Reserve.
Basically, the Fed has chosen to FALL ON IT'S OWN SWORD!
The Gold and Silver move upward has caught all the shorts off guard. The Bad Guys are in deep, deep trouble as they took their cues from the likes of Jeffrey Christian and Jon Nadler who were advising EVERYONE to short gold and silver. Now it gets exciting!"
Silver had a small drop right before the announcement, then a huge leap of $2.00 where it broke through the $34 ceiling almost reached $35 before dropping off a bit, and continued on almost flatlining throughout Friday.
What was the final outcome of the week? Check out this week's COT Report (at right).
"Clearly, the commercials were preparing for a massive raid on Thursday, until Bernanke dropped their pants by announcing QE∞." Watch for the upside in silver in coming weeks ahead.
Bix Weir is looking for a major CFTC announcement this month on the imposition of position limits, the beginning of the derivative implosion, followed by a silver 'moon shot' in October.
The PLANNED Silver End Game
Silver COT Report
German Court Caves to Euro-Zone Hyperinflation
Bernanke Defends Unlimited QE, as Market Goes Wild
FED Press Release
Ron Paul is Right; the FED and Lunatics that run it is the heart of the problem
Where Does Money Come From?
China Launching Gold-Backed Worldwide Currency
Judge says $80M Gold Coins belong to the Government
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