After consolidating throughout the overnight Asian and London session, the latest COMEX open raid has finally achieved the cartel’s target in silver, with $30 broken to the downside as silver was smashed to $29.84.
Gold has also been hit on the COMEX open, down another $40 to $1596!
The legendary Jim Sinclair states that this is the last significant correction prior to gold’s move to $3,500.
*Update: 2nd wave of smash now in progress, with silver down to $29.67
Look for both metals to be well off this morning’s lows by today’s close, to prevent stackers from taking advantage of $29 handle silver and nearly $1600 gold over the weekend.
Silver’s COMEX open smash back into the $20′s:
2nd wave of smash now in progress, with silver down to $29.73
Gold dropped another $20 to $1614:
2nd wave of attack sends gold to $1600: