Cartel Dumps 1.5 x US Annual Silver Production on Futures Market in 5 Minutes on NFP Release

In an attempt to flash-smash silver and prevent a weekly close above the critical $35 level, the cartel dumped an estimated 51 MILLION OUNCES of paper silver on the futures market in only 5 minutes on this morning’s non-farm payrolls release between 8:30 and 8:35 AM EST.

Net Dania’s spot silver chart, which is not a precise futures volume measure but approximates the volume, indicates nearly 10,500 contracts were dumped in a span of merely 5 minutes, and half of those were dumped in a span of 2 minutes between 8:30 and 8:32am EST.

 

Apparently the t 1/2 of silver market intervention of a year and a half’s worth of paper supply is now approximately 30 minutes as silver has retraced the entire smash, and is trading back at $35/oz!

Silver is a runaway train waiting to happen as the pent-up physical demand is simply breath-taking!

We continue to recommend our readers STACK THE SMACK on any significant cartel take-downs, as silver looks like it wants to head MUCH HIGHER in the near future as QE∞ is now a reality.