With Sunday’s Greek vote threatening to extend the current status quo indefinitely in Greece in Europe as Syriza was unable to win a majority in the Greek elections, silver gapped above $29 on Sunday night’s Globex open. As this obviously could not be allowed, it was instantly beaten down to $28.40, and sent as low as $28.21 in early COMEX trading this morning.
Gold received an even more blatant manipulative take-down, opening up $2 before immediately being smashed $20 lower to $1610.
Does anyone think gold and silver would have traded any differently had Syriza won the elections outright and the markets opened in a panic? The cartel would have taken the opportunity to take down the metals in an epic way and claimed it was ‘dollar strength’. The fact that metals manipulation is becoming ever more blatant and predictable and continually counter-intuitive is a sign that the cartel’s breaking point is closer than ever.
Have faith and keep up the fight (and the stacking)- one day soon the metals manipulation will simply snap.