Time for the little guys to stick together and bring this house of cards down!! SILVER!! BUY BUY BUY BUY!!!!

Could this be the silver rise that Web bot was predicting? I don't know but I'm all for sticking it to the man.

The ptb have too much money for you people to control the system, i bet things like missing trillions are hiden away to control this fix.

I would not waste my breath.

the physical silver market is so tight that no amount of money could possibly be used to fix this fraud for the banksters, not at these prices anyway.

the problem is that they suppress the prices by selling silver waaaaay below market value. until now most traders have settled in cash instead of asking for delivery. so the scam was allowed to continue.

if only a small fraction of traders demanded that their contracts be settled in physical delivery, instead of cash, the bankster's fraud would implode since they dont have anywhere near enough silver to back the contracts they have been selling.

so, for the little guy to go to his local coin shop, or online bullion dealer, and buy just one coin, JUST ONE!!! If everyone in america buys just one silver coin, the bankster fraud will be exposed since they will be forced to default on their contracts.

whether you like it or not, you need to be ready. this is for real. when the fraud is exposed it will change all of our lives forever. life will never be the same.

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 rules.

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 safe-haven, hand-over-fist.

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 HUMAN HISTORY.

JR

i dont want to give investment or financial advice, but i would strongly recommend that anyone looking to invest in precious metal ETF's seriously exercise due diligence and avoid any ETF's or unallocated precious metal accounts.

i cant tell you what you should do, but i will state that i have ALWAYS avoided the problem riddled ETF's. Physical possession eliminates counterparty risk... and ultimately this is the entire goal of precious metal insurance investments in the first place.

However, the current accountability level of COMEX silver is more problematic. The current silver accountability level is 6000 contracts, or 30 million ounces. This is 4.3% of world annual silver mine production of roughly 700 million ounces, head and shoulders above any other commodity of finite supply. Based upon the one percent formula, the position limit in silver should be no greater than 7 million ounces or the equivalent of 1400 contracts (each silver contract is 5000 troy ounces). It is perplexing why the CME does not bring silver position limits into line with the other major metals contracts traded on the COMEX. In copper, the current accountability level is equal to 0.4% of world copper production. Why should silver’s level be more than ten times greater than copper’s? The COMEX gold contract has an accountability level of 6000 contracts, or 600,000 ounces, based upon the 100 troy ounce contract size. This represents 0.75% of world production of 80 million ounces. Why does silver have an accountability limit more than 5 times greater than gold in terms of world production? As I previously informed the Commission, silver’s accountability level compared to gold’s is also four to five times larger than it should be in terms of volume, open interest and exchange inventories. On each and every measure, silver’s accountability level is out of line.

That is from the Ron Paul website listed above.