Gold and Silver Morning Update

Silver came within a quarter of its all-time highs overnight, and held support nicely at $49 until Blythe came to work this morning.  Apparently she called her Chinese friends to stop the fire overnight, because the Shanghai Gold Exchange hiked silver margins by 3%.

Blythe has now given you a nearly $5 discount on silver, dropping the price back to $45.66. A 10% off sale in 30 minutes!  While we expect the cartel to continue to attempt to throw everything at silver to try to get it back under $40 by first delivery notice day, silver may just not stay down that long. The last few smash-down attempts have lasted under 2 hours. We suggest you start buying the Blythe dip NOW!

Comments

  1. Anonymous says:

    It's kind of sad that they can't win even with nonstop lying and by their own rules… Banksters – you are DOOMED!

  2. Anonymous says:

    also sad when $5 cartel take downs take you back to the level the market was trading at only 2 days ago! Time to stack people!

  3. Tears of the Moon says:

    Definitely an exciting ride this week, but a ride we will get used to, just as we will get used to $10 and $50 moves in the future.

    http://ausbullion.blogspot.com/2011/04/enjoying-ride.html

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