Precisely as we warned listeners on this week’s SD Metals & Markets, silver was greeted with an epic waterfall smash on Sunday’s Globex, plunging 10% to just over $20/oz moments after the open. [Read more...]
Silver Smashed 10% on Globex Open, Tests $20
Here We Go: Silver Waterfall in Progress
After consolidating near $23.70 throughout this morning’s Asian trading, silver has again been hammered by the cartel, with the first wave of selling beginning shortly after the London open, and culminating in a classic vertical waterfall decline taking the metal nearly back to $23 on the COMEX open.
The move has broken silver out of its nearly 3 week long trading range of $23.30-$24.50 to the downside, meaning a re-test of the correction low at $22.005 is now entirely possible. [Read more...]
Silver Smashed Nearly $1 As Cartel Encourages May 1st Buying
The bullion banks must not have gotten the memo that silver investors the world over had planned a co-ordinated silver buying strike for May 1st, as gold and silver have been slammed on the COMEX open, with silver down $1 to $23.37, and gold down $23 to $1454!
It appears that the bullion banks have decided to front run today’s FOMC statement and coinciding PM smash. [Read more...]
Here We Go Again- Gold & Silver Plunge to $1350, $22.50 on Globex
Gold and silver have been greeted to yet another waterfall plunge as the first trading since the CME hiked margins in both metals by 18% after today’s COMEX close. Silver has plunged nearly another dollar to $22.50, and gold another $25 to $1350.
*Update: Both metals have already retraced nearly all of their latest losses, as silver has quickly spiked back to $23.15, and gold to $1365
[Read more...]
EPIC Raid Sends Gold to $1300 Handle, Silver to $22!
*Update: Gold to $1350, silver to $22 handle at $22.94!!
Gold and silver are rallying off overnight epic lows this morning, as gold was smashed another $100 into the $1300′s, and silver was crushed another $3 all the way to $23! In all, silver was smashed nearly $5 (18%) and gold $165 (11%) from Friday morning!
The strength of the rally in early COMEX trading is a good first sign that the worst is past, as the cartel raises to raise metals prices before the London fix. [Read more...]
THE CRIMINAL CARTEL ATTACKS: No Shelter From Their Crimes
Our friend Sean of SGTReport.com writes: The Mind War against the people continues. The banking cartel and the criminals who run the planet will give us no shelter from their crimes. Never mind the collapse of the Kennecott mine in Utah, never mind that the drain on Comex inventories has never been higher, never mind that the demand for PHYSICAL silver from the US Mint was at an ALL-TIME high in January and February and will be again in April… never mind the facts. We are in a MIND WAR as Satanist and U.S. Army Officer Michael Aquino coined it. And soon we are likely to find ourselves in a physical war for our very lives.
Full SGTBull Alert is below:
[Read more...]
Here We Go Again…Silver Plunging to $23 Handle, Gold to $1420: Free-fall in Progress!
*Update: Full-fledged margin-call blood-bath in progress, silver nearing $23 handle, gold to $1420!!
After briefly popping back above $26 in early Globex trading tonight, silver has just been treated to another waterfall smash, gapping down another dollar, collapsing another $1.50 to a $24 handle with a last of $24.35!
Gold has plunged another $65 to $1420!
It appears that the cartel is not concerned whatsoever that 16% of annual US silver mine supply evaporated over the weekend, and will continue to press any remaining weak or leveraged longs. [Read more...]
SD Metals & Markets 4/13: Gold & Silver on Verge of Capitulation to $1400 & $22 Prior to Massive Rally?
SD Weekly Metals & Markets 4/13/13: Vampire Squid Kicking Arse As MOPE Fiesta Runs Wild
Thank goodness for a day of rest — and a weekend, if you’re so lucky! After a week like this, some precious metals investors might consider driving a car into a tree more relaxing than watching the mainstream media explain market machinations and how gold is now officially in a bear market.
Providing our antidote to mainstream MOPE, we bring you this week’s SD Metals & Markets discussion, including:
- Paper Metals Market Madness: Silver Breaks $26 And Gold Dives Below $1500- is a wash-out capitulation crash to $22 and $1400 imminent?
- Vampire Squid Must Eat: The Bankster Set-up Before Cyprus Forks Over Gold
-
Tribute To Bill Murphy, Chris Powell And GATA: American heroes in the most classic sense of the term
Launch the radio program by clicking the YouTube play button and enjoy the supplemental write-up. Let’s get to it! [Read more...]
Silver Update: Endgame Disconnect
BrotherJohnF discusses the growing divergence between paper and physical gold and silver and the rapidly approaching endgame in his latest Silver Update: Endgame Disconnect: [Read more...]
SRSrocco: In the Face of Irrational Paper Markets, THE COMPLETE COST FOR MINING SILVER
In light of today’s paper futures smash sending silver towards $27 and several recent predictions by silver experts that silver’s long term price target is $20, we thought it apropos to re-post SRSrocco’s detailed analysis of the current COMPLETE COST FOR MINING SILVER, along with a NEW UPDATE from Steve.
By SD Contributor SRSrocco
Last year, I wrote an article titled THE COMPLETE COST OF MINING SILVER. In it I used a quick formula to figure what a more true cost would be for an ounce of silver than the CASH COST.
This is an update of the complete cost for mining silver:
[Read more...]
Totally Normal Gold & Silver Dump & Pump
The totally normal gold and silver market have gone vertical after their NFP release smash as the cartel HFT algos seek to trigger every stop possible, with silver rocketing over $1 back over $29 to $29.39, and gold up $25 to $1585.
Because this is what a freely traded market looks like…. [Read more...]
T. Ferguson: Worst May be Yet to Come, Good Chance Silver Will Be Taken Down to $25, Gold Towards $1500
Our friend Turd Ferguson of TFMetalsReport has released a gold and silver update warning that the worst may be yet to come for the current gold and silver cartel smash.
Ferguson states that the odds are at least 25% that gold and silver will still see a spike-low harvesting stops, with silver plummeting to $25, and gold towards $1500:
I’m beginning to sense that the ultimate goal of this entire event is to harvest the stops below $26. IF this happens…and currently I’d put the odds at about 25%…a quick drop to $25ish would be your final bottom. Price would quickly recover back above $26 and this deliberate beatdown would be over…And gold could very easily suffer the same fate. If The Cartel can engender enough additional spec selling, a veritable cornucopia of sell stops lay waiting for them sub-1530. And you can just imagine the reaction in the media: “GOLD IN BEAR MARKET!!” will be screamed as loudly as possible in the hopes of inspiring even more selling.
Is the worst yet to come in the gold an silver correction?
Silver Update: Fed vs. Silver
BrotherJohnF discusses today’s silver smackdown on the Fed minutes release in his latest Silver Update:
Fed vs. Silver [Read more...]
Your Regularly Scheduled COMEX Open Silver Smash Sends Silver Towards $28 Handle
Must…Keep…Silver…Under…$30.
Daily COMEX open silver raid in progress.
*Update: 2nd wave in progress, cartel gunning for $28 handle!
200 Million Ounces of Paper Silver Traded in 1 Minute Friday During Cartel Silver Raid!
Over a 5 minute period from 10:32-10:37 AM Friday, a massive volume spike (approximately 40,000 contracts) coincided with silver’s waterfall to $29.75- a fairly common occurrence during major cartel silver raids.
Astonishingly however, 2 minutes after silver marked it’s low at $29.75, approximately the same volume traded over the next minute- spiking silver .15 off it’s low.
It appears that a major buyer stepped in and took on the cartel at exactly 10:39 am on Friday 2/15 as nearly 40% of the day’s volume traded over a single minute.
To put this number in perspective, 200 million ounces is 26.2% of 2012′s world silver mine supply of 761 million ounces!
[Read more...]
![[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)
