From Harvey Organ:
In silver strangely the CME reported a gain of 1417 contracts up to 154,364. We are now at a two year record high in silver OI with a lower price in silver ($29.86 today vs $49.00 in April 2011).
The problem this time for the bankers is that the silver OI is ramping higher while the OI in gold is being crushed. Why? it seems that physical silver is becoming scarce and producers are hoarding the metal. The bankers do not like what they see with silver as every raid at these low prices brings on more longs and they seem to represent strong hands.
If the OI on Monday is again higher, our banker friends might as well throw in the towel as nothing can help them. The massive not for profit selling of non backed silver paper at lower prices is futile. The bankers are having trouble removing their huge shorts in silver as our resolute silver holders, instead of pitching their contracts with the onset of a raid, buy more.”
“Friday’s selling was well orchestrated and hopefully we had capitulation. The bankers have sold enough paper shorts to get the main stream media to state that the gold/silver bull run is over. This has brought on the large specs to play along with the bankers and go short e.g. Dennis Gartman. (see the COT report below)
The rigging started in earnest when the CME lowered the margin requirements. This brought in more weaker longs into gold and silver. Then the constant raids brought main stream media to report the end of the gold/silver bull. Dennis Gartman who always gets the sell side right but never the buy side, announced that he was going short in gold. Today the selling reached a climax with gold at one point gold breaching the 1600 dollar barrier. Silver on the other hand breached 30.00 and stayed below that level for the rest of the day.
However, when you have massive selling of paper silver and gold, you generally see liquidation of the paper contracts (OI). You will see below that in gold we had only a minor contraction. In silver strangely the CME reported a gain of 1417 contracts up to 154,364. We are now at a two year record high in silver OI with a lower price in silver ($29.86 today vs $49.00 in April 2011).
In gold, the bankers are getting their way as the OI has fallen to 442,000 contracts. Earlier this year it hit its low point just below 400,000. In June 2010, it hit it’s all time high of 603,000 contracts. The problem this time for the bankers is that the silver OI is ramping higher while the OI in gold is being crushed. Why? it seems that physical silver is becoming scarce and producers are hoarding the metal. The bankers do not like what they see with silver as every raid at these low prices brings on more longs and they seem to represent strong hands. If the OI on Monday is again higher, our banker friends might as well throw in the towel as nothing can help them. The massive not for profit selling of non backed silver paper at lower prices is futile. The bankers are having trouble removing their huge shorts in silver as our resolute silver holders, instead of pitching their contracts with the onset of a raid, buy more.”
Anyone that bought in before 2008 knows how ugly this can get, but it doesn’t change reality at all.
The reality is, they want all of your gold and silver, and they want you to sell it cheap. That’s all this is.
If it’s such a bad investment, why do they go to these lengths to separate you from it?
Sit tight. It could drop through the floor, and I would be even less inclined to sell any. Let them eat paper.
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The Banksters today have too much power and have accomplished their goal. Although we have metal manipulation, it will matter not in the end. They have done what their elders before them have taught them to do. Which is that they gain control of the issuing of the nation’s currency, and have printed up enough paper to buy the world. They now own everything and everyone in it, and control all of it.
They will obtain and have their New World Order and a One Currency System, despite all our complaining, and pointing things out. That will change nothing in the end.
If the American People and Military haven’t taken a stand and stood up to them by now, there will be no resistance from them in the future. It is too late, the Banksters, once again, own everything and everyone, and control all the aspects and every resource that matters.
Pussy!!
beat the bankers at their own game. if they drive down the price of the metal, go on & hoard it. there is a limit beyond which they cannot manipulate. silver cannot be printed out of thin air unlike counterfeit paper money.
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So… What would happen if We did not NEED exchange (trade, barter, money, metal, etc.) to survive richly? I ask because there IS a way to eliminate this need. Such exchange is merely the accounting for meaningful energy expended in an energy-scarce society.
Given this, it is clear that adding abundant free energy – and programmed machines for any necessary work no One WANTS to do – will remove the necessity of accounting for energy, freeing every Human to choose where, when and how Their energy is applied. It will free Them from HAVING to add Their energy to a system to survive.
This will also pull the money rug out from under the banksters and other “elite.”
It will not take materially from anyOne in terms of home, comforts, and so on, but it will remove power over Others in favor of autonomous power over Self.
For more and for details, please see:
Analysis: http://www.thelivingmoon.com/forum1/index.php?topic=657.0
PLAN: http://www.thelivingmoon.com/forum1/index.php?topic=2759.0
Governance: http://www.thelivingmoon.com/forum1/index.php?topic=2103.0
The LOVE of money is the root of all evil; remove the soil in which the root grows…