Loading ...… they are tamping down silver again today off an overnight spike high … flexing their muscles often marking a significant top historically under such circumstances.
Unfortunately for them this time however, in spite of their efforts over the next few days associated with first notice day for the April Comex futures contract (to keep prices down to disincentivize delivery demands), with new buying coming from multiple global locales (India, China, US – yes official US buying etc) – things could turn out very different this time. (see below)
Fundamentals have literally been overwhelming the banking cabal of late – and this condition set is growing. And downgrading of US debt is not going to help them in this regard. (see above) What’s more, and a technical change that would not be welcomed by the cabal, a close in silver above $34 Monday would be telling concerning true internals, sending the market a message times are a changing, and an accelerating short squeeze becomes an increasing possibility off record seeking monthly and quarterly closes.
And while it’s true gold is overbought short term technically, things are moving very fast in this market right now, where a close over $3000 this month would also be ‘very telling’ if it occurs. Investors look at these large round numbers as ‘milestones’ – so if gold can make it above $3100 in the not-too-distant future – a $100 interval – more buying could be triggered.
This is why the cabal is working so hard to knock gold and silver back down at these key levels.
You don’t have to be a rocket scientist to figure that one out.
Everything is crossed.
Mornin all