Gold and silver are both spiking early in COMEX trading after hitting lows of $32.20 and $1732 in the overnight London session. Silver has bounced off it’s 50 day moving average overnight, a sign the current correction may be completed.
Thursday afternoon’s access market smash and the early Friday rally have painted a large cup on silver’s daily chart. More importantly, silver is back above $32.50, targeting $32.75. Silver needs to continue its rally and close back above $33.
The spike could be related to market rumors this morning of a massive silver delivery request from the COMEX Friday.
Silver’s cup on the daily chart….is a $32.70 handle coming?
Gold also rallying towards $1750:
![[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)
Is everyone getting that this is one sweet gift from the banker idiots.
Is it just me or do these clowns not know they are playing into our hands.
In their haste to bow and scrape on TPTB false altars of foul profit, harm to others and faint hope that they can escape judgement day, they are playing into the hands of those sufficiently informed; who’s knowledge of real money is far greater than those who continue to print debt to infinity.
Fellow stackers, time is on our side.
Have no fear – another smash is here!
In light of the smash below 32 following this article, it is almost never safe to get into the water with the Morgue still swimming around heavily short.
So is this “The Cartel” or Wybter Benton this time ?
Another raid another day…
The sale may even get better in the coming weeks. The pop from QE3 is now gone and the price is now facing $30.00 and lower. Amazing what the cartel can do. However, I am not discouraged. I have been waiting for a long time and will continue to wait until launch date.
Don’t worry about the price of silver going down cause of manipulation. Look on the bright side, you can now afford a precious metal (silver) that now cost between 30$ to 40$ per ounce while during Antiquity and Middle Age, it cost around 950$ to 1400$ per ounce at today’s price.
Just wait for the day where there will be a real silver shortage that would make the price go 50-100$/oz! There would be a silver shortage because of the low price and the large population of humans consuming it very fast. Because of that, I’m sure that there would be a shortage around 2050. This is a really generous prediction about silver unlike gurus who keep saying the same thing every years by keep changing their predictions.
In conclusion, you should thank the cartel to make that expensive metal very affordable and cheap today.