Well, THAT happened rather quickly…
Every now and then a chart appears that provides us with a great opportunity.
The following chart fits that mold.
Billionaire Eric Sprott Reveals the Most Significant Development This Week During A Big Rally in Gold and Silver Prices:
Could the Remonetization of Silver Really Be the END GAME?
For 14 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.94 million oz. It looks to me that sovereign China wants its silver back as it looks like we have a determined player with deep pockets willing to take silver away from the COMEX…
The precious metals sector is on major buy signal.
If the Central Banks purchased $1 trillion in just the first four months of 2017 versus the $7 trillion from 2011-2016, something seriously wrong must be going on in the markets.
By the Central Banks propping up the STOCK, BOND and REAL ESTATE markets, the value of silver (or gold) is being severely depressed. And of course, to keep investors from finding out about SILVER’S HIGH QUALITY STORE OF VALUE, the price continues to be capped by the massive amount of paper trading leverage.
So, how much paper trading leverage is in the Silver Market? Let’s look at the following chart:
Is THIS The Real Reason For Plunging Silver Demand?
“This Is A BIG Deal…”
The END Has Arrived…
This is going to be wild to you!!
There are no other words to describe the data!
This has never happened during an active silver delivery month. Ladies and gentlemen: the silver Comex is being attacked for its physical metal and the attacker is Sovereign China.
Most Americans didn’t realize it, but something BIG changed in the U.S. gold market in the beginning of 2017. While precious metals sentiment and buying in the U.S. has dropped off considerably in the first quarter of 2017, the East continues to acquire gold, HAND OVER FIST.
With controversy swirling around conspiracy and rigging of gold & silver, where’s the hard evidence and real proof that the world biggest bullion banks and brokerage houses have been conspiring with full complicity of sovereign governments for decades to unnaturally suppress metals prices to manage public sentiment and prop us confidence in a hollow fiat banking & irrecoverably indebted political power system?
London Metals Expert Alasdair Macleod Isn’t Convinced the Bottom is in Quite Yet for Gold and Silver Prices.
The Fed and Central banks are manipulating the gold and silver price because they are Horrified that the biggest global BANK RUN in history will take down the entire system.
Embrace the Guillotine: Is the Silver Slaughter Finally Over?
Doc & Dubin Break Down All the Action – Was THIS The Sign We’ve Seen the Bottom?
Given the inability to manipulate its market via paper derivative instruments and short selling, this is the message that Bitcoin is signaling:
In the absence of the ability to manipulate the market, this is the same message that gold and silver would be sending to the world, only the scramble for gold and silver bullion in any form would be more frenzied and it would be widespread.
At some point the western Central Banks will lose the ability to manipulate the gold and silver price and the Comex will default. That’s when chaos will break out in the physical gold and silver markets…
For 9 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing; tonight 22.12 million oz.
It looks to me that sovereign China wants its silver back…
Precious metals expert Bob Moriarty updates investors on recent moves by Millennium Minerals in Australia and discusses recent moves in the silver COT reports.
A similar manipulated take-down of the price of gold and silver occurred in the spring of 2008, ahead of the great financial crisis. Gold was pushed down to $750 from $1050 and silver was taken down from $20 to $8. This price decline was counter-intuitive to the collapsing financial condition of the U.S. financial system, which had become obvious to anyone not blinded by the official propaganda at the time. Of course, after the financial collapse occurred and was addressed with money printing, the price of gold ran up to an all-time high.
It’s likely that a similar situation is taking place right now…