posted on Nov, 12 2010 @ 08:00 PM
Great thread, hope people get in here and learn about this important issue.
In spite of the big drop in metals prices today, there is a bull running strong. The establishment that has allowed this massive fraud to go one for
DECADES, is doing everything they can to stop the bull. The big drop was predictable, as they attacked using their usual method, they changed the
Raising the per contract amount from $5K by $1,500 to $6.5K took the wind out of a lot of the longs, in just two short days. This is what they have
done forever! With the big drop, the several big banks at the center of the fraud can then work on unwinding their ridiculous positions. Of course,
they saved all their ammo for Friday, typical.
But there is a bigger issue going on. Yes, the authorities turned a blind eye over and over to this fraud, but in part because it was connected to
the bigger fraud of global fiat currency. It is paramount to depress metals, if fiat currency it to retain value.
The thing is, with recent announcements by the IMF that suggest a return to something like a "gold standard", these big banks who have used the tiny
silver market as a cash cow, are stuck with having to dance to a different tune. Sure, they are being "allowed" to unwind their positions somewhat
in an orderly manner, by all appearances, but there are other players too, perhaps not as well appreciated.
It would only take ONE billionaire to destroy the silver fraud. The fact that they haven't (until now?) says a whole lot. But China is now playing
a role too, advocating it's emerging middle class to buy silver, even advertising to stoke the demand. This portends a sea change, and Kitco
recently had an article on their front page about someone they sent to China to actually witness the Chinese common man buying their traditional
For those who are curious, Google up names like Ted Butler, Professor Israel Friedman, and others, who have tried to expose the fraud for decades.
Learn the facts: Above ground silver is FIVE TIMES rarer than gold!
Silver is not merely the investment of a lifetime. When you really learn about it, you will see that it is very likely to be the investment of ALL