Brazen.
This is the first word that came to mind when I checked today’s silver prices.
Forcing the price of silver lower, when the price clearly wants to go higher and in a world where all the fundamentals (rising inflation, worsening economy, multiple wars or near wars) point to higher prices – or at least not plummeting prices – certainly meets the definition of “brazen.”
As a long-time observer of silver price charts, you know such waterfall chart shapes are coming, but a part of you still can’t believe they will happen.
Not in, you know, America, land of the free (markets).




 

Submitted by Bill Rice Jr. 
Synonyms for “brazen” include “bold” or “fearless.” To me the word connotes an attitude that one is going to do what one wants and doesn’t care what anyone else thinks.
There’s an arrogance, a cockiness or perhaps even an air of desperation I associate with brazen acts and those who commit them.
I can do this or I must do this. And, most importantly, I know nobody is going to do anything about this.
Forcing the price of silver lower, when the price clearly wants to go higher and in a world where all the fundamentals (rising inflation, worsening economy, multiple wars or near wars) point to higher prices – or at least not plummeting prices – certainly meets the definition of “brazen.”
Not that I didn’t see this coming or even predict such price action in multiple columns.
Still, such counter-intuitive price plunges still somehow manage to make even the jaded like myself shake our heads in exasperation.
As a long-time observer of silver price charts, you know such waterfall chart shapes are coming, but a part of you still can’t believe they will happen. Not in, you know, America, land of the free (markets).
Or, you know such manipulated prices WILL happen, you just can’t believe that nobody who matters seems to care.
You know that if such recurring price plunges – on no related economic news – happened in some other market, important people (or important news organizations) would ask questions. People, that is, would ask questions like “why in the world did this happen? Today?
But when it comes to silver price plunges such questions don’t get asked, at least not by the mainstream media. And so those orchestrating the price plunges are free to take such brazen actions.
Because there are no repercussions. Which is really what, even now, befuddles so many of us who closely monitor prices in the silver “market.”
For a month, silver prices had been rising – first gradually and then, in a few spurts, rapidly. So much so that I even checked my portfolio of silver mining stocks. Sure enough, I had made back some of the fortune I had lost in recent years.
 Is now the time to buy more, I thought?
 Of course not, I quickly answered. Prices will be pushed back down soon enough.
If you believe like I do that silver prices are being “contained” for a reason and this reason is vitally important to the Powers doing the manipulating, you must expect such dramatic “adjustments.”
Absent such adjustments, investor sentiment for precious metals might change and perhaps even attract “real” investors (not just we contrarian silverbug “stackers.”).
Such a scenario cannot be allowed to happen. So the PTB “push the button” and, in a matter of hours, all the gains of weeks worth of effort are erased.
It’s the way the game works. If you are going to manipulate prices, you have to … manipulate prices.  It’s a strategy that, by necessity, involves pro-active measures on a consistent basis.
When prices want to soar, you push as hard as you can too keep them from soaring too high. Then, when the time is right, you push them back down a good chunk to send a message to folks who might have started to think, “Hey, things are finally changing.”
Is “sentiment” changing? Are economic “fundamentals”starting to become relevant?
Ha! Think again, my friend. And we have a Today Event.
But such tactics are so brazen – and starting to become so predictable and so unmoored to other economic events – you wonder: Is this the time “they” finally over-played their hand?
Can TPTB knock down prices whenever they want with impunity (or immunity)? Forever into infinity?
Could, for example, World War III break out today and hyper-inflation send the price of bread (indeed the prices of almost everything)  20 times higher than yesterday’s prices – and the price of precious metals still go down?
Apparently so.
Is this  how brazen the silver price-setters have become?
That nothing can happen in the world that will let let prices break above the “approved” price range?
“Today, a loaf of bread soared past $25,”  your local TV station might report.
Meanwhile, in the fine print of the business section of your local newspaper we see that the price of silver remained unchanged at $20.85/ounce.
If this happened, would Reuters or Bloomberg’s notice or even comment on such an  inexplicable occurrence?
Well, have they, or any prominent MSM organization, ever written anything about strange actions in silver prices before?
No. So why would they in the future?
Which no doubt is one reason the Powers that Be can be so brazen when it comes to setting – or capping – silver prices.
The people who should care, don’t care. And TBTB know it. Thus, we see what happened today … and 45 days from today and probably 75 days from today and so on and so on.
***
Bill Rice, Jr. is managing editor of The Montgomery (AL) Independent. He can be reached at bill@montgomeryindependent.com


  1. Yep….spot on article.
    TPTB will NEVER allow the price of gold or silver to reach their correct levels. It doesn’t suit their ponzi scheme.
    Spending £6,000 of my limited savings on silver  at £19.50 an ounce 30 months ago was the very worst thing I have ever done in my life.

    • Tony,
       
      The way I see it is that if silver was really a bad investment, then the MSM along with every financial adviser would be telling people to pile into it.  They aren’t.  So it isn’t. 

  2. @tony, ur timing on your purchase has got you feeling like you did the worst thing in your life. But you admit, the system is rigged. So you are aware of the ponzi scam. I’m guessing you are British, but remember, the U.S. runs the “show” …. But the Brics are fighting it. Once the U.S. finds no buyers of treasuries and bonds, the ponzi will collapse and you will be glad you bought your silver. Use this as an opportunity to increase your holdings. Don’t despair, because I can assure you that you would not be feeling any better had you left it in a bank that will ultimately fail. What you have my friend is insurance against the unavoidable collapse that will come. You have ZERO counter party risk and that puts you ahead of everybody else. Be patient.

  3. TPTB would very much appreciate it if we would all start 2nd guessing ourselves about our purchases of silver and gold.  They want to sow discontent, doubt, and fear into the minds of stackers everywhere.  That path leads to the Dark Side, so don’t allow that to happen.  
     
    Vimy15 is absolutely right… PMs are our financial insurance.  They are also our long-term savings plan and our protection against inflation.  The loaf of bread example in this article is ridiculous.  I have no doubt whatever that if the price of a loaf of bread was $25 the price of silver would be $200 or more.  Those of us who have been around a while really do remember when bread could be bought for 20 cents a loaf.  Yep, 5 loaves for a buck.  That would have been two 90% US silver dimes per loaf.  So, let’s look at that a little closer.  Today, silver is priced at around $21 an oz.  A dime contains 0.07234 ounce of silver.  Two of them would be 0.1447 oz. of silver or $3.04 worth.  Yes, one really can buy a loaf of bread for that today.  So, what has silver done over the past 40 or so years?  Has it made us rich?  No, it hasn’t… but it HAS prevented inflation from robbing us blind and making us poor, and that’s what PMs really do for us.  They preserve our wealth and our purchasing power, which is something that fiat paper money just can’t do.
     

  4. @Tony If that is the very worst thing you have done in your life … I’ll have your life! If you really think this way, and for the life of me I cannot see why, go onto EBay, sell each coin you have. You’ll get £25 per coin no problem. Taking the 15% eBay and Paypal charge you’ll net £21.25 a coin, approx 9% profit. 
    Now stick that in the bank (any bank, they’re all insolvent) and gain 1% on your savings. Which is a great return for such counterparts risk. Oh, forgot, that money, legally, wouldn’t actually be yours. But knock yourself out man.
    I truly cannot believe anyone who comes to this site or zh, tf metals, sgt etc would think this way. Have you understood anything?
    Hold the stuff, forget about it, chill out, take a walk, play with the kids (not in that way thank you). But if you need the money sell it.
    if  I could recommend one thing to watch, go check all the episodes of Mike Maloney’s Hidden Secrets of Money. If after that you feel the same (which I cannot believe you would), I’m sure you would get plenty of takers at £19.50/oz
    JC
    ps. I would hazard a guess you are one of very few Brits holding physical. Patience my friend.

  5. This is one of the best podcasts that I’ve listened to. This link is to a show that he did on silver. His other shows are just as good!

    [audio src="http://traffic.libsyn.com/modernamericanprepper/episode_6.mp3" /]

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