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

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:

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!

Today we had some short covering in the silver COMEX with the silver OI falling by 2175 contracts.  Gold OI again rises by close to 6000 contracts.  Both gold and silver rose nicely today but silver was the standout.
Our bankers are having real trouble in silver. It seems that they are going to destroy the specs in gold but they are not having their way in silver.
The big news is the continual removal of  gold from the COMEX. From the start of the month 12 tonnes of gold has been removed from the customer side.
The COT report shows the commercials buying gold  (and covering shortfalls) in massive quantities.  It’s net short position is only 54,000 contracts.  It looks like the specs are going to be buried.

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…

Tonight’s commentary regarding the Greek ultimatum is the most important development in quite some time.  If I was a betting man, I strongly believe that China and Russia have had extensive talks and they are willing to finance the Greeks.
If Greece does its GREXIT then derivatives will blow up the entire globe. 

It means that the entire 320 billion euros of debt will blow up along with around 3.4 to 4 trillion of derivatives on Greece and interest rates on Greek bonds etc.
THE ENTIRE FINANCIAL WORLD WILL FALL LIKE DOMINOES…

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!

This past week, we have seen the amazing change in Swiss monetary policy removing the franc from its peg and the result is MASSIVE, uncontrollable losses on the part of many.
Analysts all over the world are speculating trillions of dollars will simply go up in smoke.

And the Swiss happen to make their announcement right before the world economic forum in Davos begins!
What impeccable timing…

Coincidence?  I think not.

Buy physical with every ounce of cash you have.   Close out all investments you have for cash and buy physical.
Leave no stone unturned.  If you have equity investments and can’t let them go right now because the market keeps going up – sell them by June at the latest and buy physical!

The crash is coming and only a hard asset can protect wealth…  -Marshall Swing

This is an engineered depression and it is well known in the worst of times capital will return to the West and rush into bonds and hard assets when the fear of currency collapses becomes reality.
I am no longer optimistic price will be allowed to rise much this Spring and this bottom is growing more large every month and has not returned to the previous 2 year bottom range so $18 may be the highest price in silver we see before the September/October crash and rebound.

The Commercials have been hunting for the correct price point to get Speculator shorts unloaded and they found it.
Pain tolerance reached its limit and some of those shorts covered were bought at much higher prices.  Just a couple of weeks ago we hit a low in silver of $14.15 and this past period we see price hitting $17.35 as over 6,700 Speculator shorts are torched for losses – some approaching $3 an ounce!!!

The picture I want to leave you with this week comes from November 4th COT numbers and are in the 2 pictures, silver followed by gold, at the very bottom.
The Large Speculators have been raped, pillaged, and sacked.
Commercial mission accomplished as those Large Speculators were robbed of about 54% of their naked shorts.  

Notice the abrupt halt to the precious metals “rally”.  If the price spike was caused by enormous Speculator long buying enthusiasm, we would still be watching PM prices shoot or drift upwards.  This was a Commercial exercise, pure and simple.
It is very indicative of what will happen next year on a far larger scale where Speculator longs will be pounded “in the blink of an eye” by a Commercial short covering of gargantuan proportions.
Price will descend into the abyss for moments while pre-programmed Speculator short buying eats up shorts all the way to the bottom as Commercials gladly take the longs and the temporary “losses” and then WHAM price rebounds upward just as suddenly as it dropped.  But this time there will be no upper limit.

Price might just be about $14.15 (elite telegraphing the future?) this time next September when this event happens and may well dip into the $8 handle but when price rebounds minutes later it is not going to stop at $16.15 on it’s way to $100, $500, and beyond as trillions of dollars of paper fiat rush into commodities looking for a safe haven from what appears to be the repeat of the 2008 c rash.

This week’s COT report in gold reveals that the large speculators (non-commercials) having their shorts ripped off them as they flee their positions in fear (or stops were tripped by the sudden price jumping “up like a ROCKET” and they could not cover certain short positions fast enough.
But which short positions did they cover, the recent short positions taken or the ones taken at much higher prices? What we see in the commercials is BUYING.  
What we see the day after the COT Week is a MUGGING.
They are masters at this game and the hard and fast rule is THE HOUSE ALWAYS WINS.

SERIOUSLY, are you watching this manipulation set up?
I have written numerous times over the years that they do exactly that sort of operation taking both sides of the bet because you are about to see what appears to be some market volatility but is in fact planned, calculated, pre-fabricated volatility that will shake up the speculators from both ends of the price war and leave them dazed and disoriented and trying to regroup.
After the COT week, we saw some incontrovertible evidence of this on Friday as price jumped up like a ROCKET.
I will step out on the plank now and tell you some speculators got scared out of their shorts on Friday. 
Happens every time.  

All speculators should cover all the shorts they have right now to secure MASSIVE profits!
But they won’t.  Why?
The speculators really believe they can force the Commercials hand and pin their positions on them but that is not mathematically possible.  They sense and even smell the blood of far lower spot prices in the future and they are determined to hold the mass of shorts for that payday.
Failure looms in their future as metals will not be allowed to crash until September of next year and it will not be the speculators who profit then but the Commercials who crash it in a few minutes, cover all their short positions as speculators and day traders give up their longs, then those Commercials go extreme long into the most incredible price rise in the history of any commodity (or equity).
The die is cast.

The bankers came to work early yesterday in the access market knocking both metals down.
However throughout the night, gold rose nicely and then at 12 noon today, something spooked our bankers as gold rose to $1165 only to be repelled back to $1163.00 on closing.  However late in the access market, gold again rose to $1173 upon which it was easy for our bankers to offer naked contracts and lower the price to $1164.00 at access closing time.  Something is spooking our bankers!!
Let’s head immediately to see the major data points for today: