After trading down overnight throughout the Asian and London sessions gold and silver have made another vertical move on the COMEX open, with silver popping from $27.50 back up through $28 to $28.05, and gold from $1593 to $1604.
Once again massive buying has come into the silver market at $27.50, which continues to provide massive support for silver on any dip.
While many many be discouraged with silver’s trading action as it’s range trade continues now 15 months into the current correction, the current base building consolidation will provide a strong base of support for silver’s next big bull rally.
Gold is now back above $1600 after being pushed back below the level overnight. A tight range is developing in gold as massive physical buying is emerging below $1600- essentially making gold act like a cork pushed under water at the $1600 level, while a hard cartel cap remains in place at $1620.
Expect the $1620 cap to continue, but we expect gold’s pent-up energy to soon burst the metal out of this consolidation zone back towards $1650. Once $1650 is cleared convincingly, it’s off to $1700, $1800, and new all-time nominal highs.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
I took a chance yesterday to stack thinking that TPTB would slam down the price, because they seem to do it every Tuesday. Timed it just right and got the best price of the day. It would be nice if there were such a thing as an all night coin shop. I Could have stacked a lot more phyzz over the years for my counterfeit fiat!
Take a look at today’s chart over at Kitco. It shows the previous two days in red and blue, today in green.
All three days are going to end up at the exact same little dash where the market closes.
All three days, ending at the same point. I watched these charts the last seven years, and I’ve never seen such precise and rigid control.
The crooks really do have it dialed in don’t they. I wonder what these raids cost them daily? Ag seems to be holding up to the barrage of paper but gold not so well.
It’s not really a raid. It’s the entire price discovery/reporting mechanism.
It may not even be affected by fundamentals at all, reality has no vector. It is the ‘allowed’ price, with algos and agents directed to put it at this level or that. Sounds ridiculous, but look at the chart.
The only way we get free of them is for the phyzz to run dry, when they can’t deliver their $27 silver, the END.