cartel shortsFrom Harvey Organ:

In silver strangely the CME reported a gain of 1417 contracts up to 154,364.  We are now at a two year record high in silver OI with a lower price in silver ($29.86 today vs $49.00 in April 2011).
The problem this time for the bankers is that the silver OI is ramping higher while the OI in gold is being crushed.  Why? it seems that physical silver is becoming scarce and producers are hoarding the metal.  The bankers do not like what they see with silver as every raid at these low prices brings on more longs and they seem to represent strong hands.  

If the OI on Monday is again higher, our banker friends might as well throw in the towel as nothing can help themThe massive not for profit selling of non backed silver paper at lower prices is futile.  The bankers are having trouble removing their huge shorts in silver as our resolute silver holders, instead of pitching their contracts with the onset of a raid, buy more.”

 


2013 Canadian Wildlife Series Wood Bison
As Low As $2.89 Over Spot at SDBullion.com!


From Harvey Organ’s Metals Update:

 

“Friday’s selling was well orchestrated and hopefully we had capitulation.  The bankers have sold enough paper shorts to get the main stream media to state that the gold/silver bull run is over.  This has brought on the large specs to play along with the bankers and  go short e.g. Dennis Gartman. (see the COT report below)

The rigging started in earnest when the CME lowered the margin requirements.  This brought in more weaker longs into gold and silver.  Then the constant raids brought main stream media to report the end of the gold/silver bull.  Dennis Gartman who always gets the sell side  right but never the buy side, announced that he was going short in gold.  Today the selling reached a climax with gold at one point gold breaching the 1600 dollar barrier.  Silver on the other hand breached 30.00 and stayed below that level for the rest of the day.

However, when you have massive selling of paper silver and gold, you generally see liquidation of the paper contracts (OI).  You will see below that in gold we had only a minor contraction.  In silver strangely the CME reported a gain of 1417 contracts up to 154,364.  We are now at a two year record high in silver OI with a lower price in silver ($29.86 today vs $49.00 in April 2011).

In gold, the bankers are getting their way as the OI has fallen to  442,000 contracts. Earlier this year it hit its low point just below 400,000.  In June 2010, it hit it’s all time high of 603,000 contracts. The problem this time for the bankers is that the silver OI is ramping higher while the OI in gold is being crushed.  Why? it seems that physical silver is becoming scarce and producers are hoarding the metal.  The bankers do not like what they see with silver as every raid at these low prices brings on more longs and they seem to represent strong hands.  If the OI on Monday is again higher, our banker friends might as well throw in the towel as nothing can help themThe massive not for profit selling of non backed silver paper at lower prices is futile.  The bankers are having trouble removing their huge shorts in silver  as our resolute silver holders, instead of pitching their contracts with the onset of a raid, buy more.”

Anyone that bought in before 2008 knows how ugly this can get, but it doesn’t change reality at all.
The reality is, they want all of your gold and silver, and they want you to sell it cheap.  That’s all this is.
If it’s such a bad investment, why do they go to these lengths to separate you from it?

Sit tight.  It could drop through the floor, and I would be even less inclined to sell any.  Let them eat paper.

 

OPM Silver Round Promo 2 with Border

  1. BEEN SAYING THIS FOR AWHILE NOW.  PHYSICAL SILVER AND PAPER SILVER HAS DECOUPLED!  THE ELITIST GREEDY BASTARDS (EGB) ARE IN A PENTHOUSE ELEVATOR AND THE CABLES HAVE SNAPPED!  ONLY ONE WAY TO GO–DOWN–!  I CAN HEAR THE MUSIC.  THE FAT LADY IS WARMING UP! GO LADY! GO LADY! GO LADY!

    • Silverrr may I take this opportunity to introduce you to the ‘Caps Lock’ key ? Its on the left side of your keyboard between ‘Shift’ and ‘Tab’. Rather handy it is. Less of an assault on the eyes when used to capitalise the start of a new sentence. As for me, i dont really see the music ending just yet in Ag but more hyperbole wont make the price go up.

  2. That’s good for silver stackers! If the huge silver shorts stay there, the price of silver will stay low which gives us more opportunity to stack physical silver. But even with all these shorts, the price of silver won’t stay low forever because it will attract more buyers which will create shortages and drive the price higher!

  3. “The bankers are having trouble removing their huge shorts…”
     
    Not to worry.  The stacker community will help them with that by pulling every loose thread we can find until those shorts just drop away in tatters from the pull of gravity.  Every oz. of silver is a thread in those shorts, so pull, everyone, PULL!  :-D 

    • @Marchas45:  I’m surprised at you doing that!  How did you “make up” your loss.  You DONATED free ounces by buying AEs at a premium after selling your BELOVED halves without a premium.  Ecccchhhh.  Now, if you reversed that deal, you would be (silver) ahead, capeech?

    • LMAO @Silverrrrr I’m surprised at you putting a Fiat price on it. LMAO I bought my Silver because I felt bad about selling it on Saturday to pay Bills. I sold the half’s for $1125 , value was $1090 about 36oz’s so I paid a bill and bought 20oz’s back. I just wanted some of my Silver back and it had nothing to do with Fiat.
      So don’t be mad at me, but when your all in, you must sell some once in a while if there is no Fiat commissions coming in. LMAO

  4. For the banksters Ag is like a hamster wheel. They endlessly run but it isn’t getting them anywhere. In other words, their getting nowhere SLOW! Short the metal with paper and there is frenzy buying of the physical metal because it’s on sale. Stop shorting with paper and there is frenzy buying as the price rises and large investers want in. Keep the price in its current range by shorting with paper and the physical market gets tighter and tighter, day by day as the current massive buying continues and is held the strongest hands and the mines can’t increase production. The longer they keep it the current range while currency debasement continues and this will attract more investers leading to a price rise and more paper shorting to combat it. If economies grow the need for the physical increases for industry. If economies falter more physical is needed on the investment side as people try to protect their wealth. They’re on a hampster wheel and the only way off it is by cheating the buyers of their paper representations of silver and/or sovereign bail outs.

  5. This was just me- “Anyone that bought in before 2008 knows how ugly this can get, but it doesn’t change reality at all.
    The reality is, they want all of your gold and silver, and they want you to sell it cheap.  That’s all this is.
    If it’s such a bad investment, why do they go to these lengths to separate you from it?
    Sit tight.  It could drop through the floor, and I would be even less inclined to sell any.  Let them eat paper.”
     
    Ruh roh, Doc, you made me a plagiarizer right there.. or put words in Harvey’s mouth.. or something..
    ;)
    Everything there is my writing, not Harvey– sorry Harvey!  ;) 
    Made me raff..
     

    • @Conax- saw your posts of Harvey’s post, and thought it was excellent and should post on on the main page to make sure it wasnt missed…didnt realize that last part was your comments.  Apparently you can fill in for him next time he needs a vacation! :)

      -Doc

  6. I agree with Harvey on this one.  I can’t see into the future.  I am underwater on my silver anyway.  I am too prideful and stubborn to sell what I have at this point.  There is no way I am going to sell my silver at a loss.  I am pretty sure many others feel the same way.  If this consolodation lasts another year I will not sell.  That is why I always say don’t ever go all in on metals.  Never.  Invest what you can do without for at least 3 years.  The fundamentals are strong.  I stick with that thinking.

    • You’re right, don’t sell.  But, there WILL be a price someday in the future that will be a time to sell.  Treat silver as INSURANCE.  You won’t regret it.

  7. In the physical market there is one correct strategy. Stack on the dips when possible and hold. Do this over and over. Aquire as much as possible while not forgetting that you must also aquire a store of necessities like food, water and fuel or they (TPTB) may be able to force one to sell ones position to get those necessities which they also control.

  8. Sold significant amounts over the past few days, first selling ever.. Just bought back cheaper as the price started creeping up in the Asian trading hours. Won myself a kilo or thereabouts. Feeling pretty good about myself right now. Even if I had to work pretty darn hard for that one kg, it’s mine! Oh, if I were so blessed to do this every week for all the rest of the year… Might only work semi-coonfortably in a descending market, strangely. And now had to deal with dealers running out. Not getting what I wanted to get.
    But, loving it!

  9. @ the Doc,
    Aw shucks… Harvey does so much work crunching all those figures every day, he is irreplacable.
    I’m better at hurling blustering diatribes than he is, but if he was Silver’s Bruce Lee, I would be Peewee Herman.  :)

  10. So, pray tell, is it logical the pricks will slam to paper price again to cover their shorts?
    They manipulate the market, it stands to reason, they are not going to lose money.
    When is the point reached where they cannot cover?  Is it upon us?  
    Or, are we do for one horrendous smack down?
    After all, it is not real, it is paper.
    I value all opinions, posts welcome.

  11. My question is … who are the counter-parties to the shorts? As far as I can gather, the bullion houses are just churning these tickets back and forth via computers while eating up any ‘speculators’ getting suckered into the fray.

Leave a Reply