Tuesday, over 52,000 silver contracts traded within a 2.5 hour window WHICH MEANS OVER 25% OF ALL TOTAL OPEN INTEREST TRADED IN THIS 2.5 HOUR PRICE RAID INTERVAL. That is absolutely incredible.
A little math tells us that is over 260 MILLION OUNCES TRADED in 2.5 hours!
Silver was slammed about $1 an extremely brutal rout with the purpose of short covering, slamming Speculator longs, then making massive long buys at or near the bottom.
We are going to see a negative gradual financial crescendo into September and fear is going to strike the entire financial world far more then than it has now.
All of this crescendo leads to a blow off of the top of the mountain of the most magnificent volcano know to man obliterates the surrounding landscape and peoples.
I am speaking of the red hot magma of the paper bond and derivatives market and multitude of naked no substance bets that the entire financial world rests upon and how fragile it is. It is going to fail in about 60 minutes…
I want to make one thing perfectly clear. We ARE NOT going to see Greece explode today and cause financial Armageddon and a bond and derivative worldwide economic collapse either today, tomorrow, this week, or next week. Greece is not going to be THE JIG that causes the dollar’s collapse.
Forget about being thirsty for physical metal my friends, drown yourselves in it while it is so DIRT CHEAP with 95%+ of every cash dollar you can muster…
The Commercials in both metals know the storm is coming…
Are you ready for the storm? Have you converted 95% of all your paper to physical gold and silver or another hard asset?
Chaos is coming…
Anarchy is coming…
Those who wait until the last minute will find themselves without a plan.
Get out of the system while you still can.
The Large Specs are believers the bottom is not anywhere close to being in plain sight but the Commercials are going to play puppet master from above and below to get them there and avoid them covering for large profits on the way down to close to September.
What happens in the near future?
I think we get a price rise followed by more price depression.
The Large Specs are betting on more depression and the Commercials will give it to them… but not too quickly.
Today’s (Monday) wild upswing and subsequent crash are a reversal to add Commercial shorts.
Commercials use an upward swing to blast Spec shorts then add more to their shorts at the top then quickly HFT crash price to kill new Speculator longs and the net result is they strengthen their new short position.
The Commercials are building their short base to move price lower.
That does not portend well for future metal price, AT ALL.
Last week I sent notes to The Doc and others indicating reversals in price direction that indicated to me the bullion banks and their minions were about to rip into spot price. That was Friday after seeing a 30 minute 7,615 contract dump, which I call a reversal where massive positions are filtered to change the puppet strings on price, from above and below.
Those Commercials are in total control. Period.
The Commercials played the long game longer than the Speculators and played the short game almost 10 times shorter than those Specs. They are masters at their deceptions.
The second 30 minute bar of this massive short covering raid now has over 7,000 contracts traded in it and it looks like Niagara Falls.
Who could have foreseen such a massive attack on metal price?
Based on COT data among other things, Andrew Maguire and Marshall Swing are both expecting a BIG move in gold.
The question is will it be UP, or a breakdown to new lows?
They did not need to trip Speculator gold shorts but they need the mix to be just right in silver so they could crash it.
Since that crash they have built silver back up and I believe they are getting ready to use silver to crash gold again.
As gold follows silver, gold will reach new lows.
Will it come later today??
Did you know Blythe Masters is back?
Indeed, and she is conjuring up ruthless demons in crypto currency!
Mark my words, one day a certain crypto currency will completely control buying and selling in all marketplaces:
In last Friday’s COT report I stated: My guess is they pop the silver Large Specs out of their shorts then force price down with a gold short covering raid.
This morning, I get up and finally check the charts and see this:
My solution to the coming global economic collapse is to convert ALL YOUR PAPER MONEY and any you can get your hands on any way you can, into physical silver and gold before September at ANY PRICE.
The reality is that these hard assets will be used to build the basis foundation of the coming one world currency, after the global economic crash in September and the ensuing world wide chaos it causes when currencies fail, trade fails, and people do not have food.
Get ready NOW!
I warned yesterday it was going to happen…and it happened… “My guess is they pop the silver Large Specs out of their shorts then force price down with a gold short covering raid.”
I want to make one thing absolutely clear…
Do NOT wait until August/September just ahead of the global economic crash:
Are we about to see new lows for gold and TPTB drive PMs through the floor before the Great Financial Collapse?
How Low Could Gold Go???
“The repercussions of Russia on a gold-exchange standard would be immense. Above all, it would mean the first major schism in the world’s monetary order. China would quite likely follow suit.
It could mean the threat of a severe inflation in the United States should rafts of unwanted dollars make their way back across the Atlantic — the Fed’s ultimate nightmare.
Will the greatest economic crash in history occur this fall and usher in the Biblicly prophesied Great Tribulation?
Marshall Swing believes so…
If Marshall Swing is correct, the country that emerges from the coming global financial collapse & introduces a new gold backed currency might not be who you think…
Many analysts and commentators are stating that the jig is going to be up in a few days with oil issues or Greece exit, or Russia issues, WWIII, etc, etc.
THE jig is rapidly approaching and I believe we are only 7+ months from seeing all these things happen, at least the beginning of things.
You see, the real story coming is not about a financial collapse at the Shemitah, nor is it about a blood moon on September 28, nor is it about the “pope” addressing Congress. The real story is the start day of Daniel’s 70th Week (better known as the Tribulation), which I believe will begin in September of 2015.
Daniel’s 70th Week kicks off an unprecedented time in the history of man where events, plagues, death, and horror are commonplace and unlike anything seen in the Crusades or Inquisitions, or any of the World Wars or regional wars seen in all of history.
We have great analysts here at SilverDoctors are discussing the implications of a Grexit and the Russian confrontation, as well as coming currency devaluations.
While those things are happening they are not the events that are going to collapse the world’s economies and usher in the one world government and the one world currency. They are but match sticks indicating a very large fire is possible. That fire IS coming.
No, the moment is reserved for a special time and place of God the Father’s choosing.
It is His clock and timetable and it is ticking down rapidly…
Price goes up when the cartel wants it to and down when they want, as well. Metal price is a puppet on strings consisting of shorts and longs from both above and below. If one can learn to read the numbers , then price direction is somewhat easy to predict.
Some writers partial to Speculators were hoping for a great long rally to crush the Commercial’s vast short positions.
Ain’t going to happen. “Fugget about it!”