Looking for that Black Friday flash sale? It’s here, compliments of the cartel, but it probably won’t last long….
Silver got hit pretty good at 08:10 a.m. EST:
The “selling” really began just after 8:00 a.m., however, and from $23.25 to $22.80, we’re talking about a nearly 2% drop within minutes!
What’s the motive for today’s smash?
It does not have anything to do with options, or deliveries, or key moving averages, or anything like that.
And it’s not like the US dollar spiked, which reinforces the fact that it has nothing to do with the technicals as the Chart Huggers would have you believe:
And there isn’t even news that would cause such a stir.
A scan of the headlines shows everything is pretty much as it has been for weeks.
In no particular order, we have:
- A contested election.
- A rushed into production and delivery, or prepared ahead of time, or whatever, [email protected] coming to market.
- Increasing lockdowns and restrictions.
And all of those things are bullish for gold & silver.
So what does this morning’s silver flash crash have to do with?
It has to do with tradition.
Only, there’s nothing traditional about this year, and so what we are seeing are the desperate last gasps of the current Cartel du Jour, which is not some shadowy group, but the Exchange Stabilization Fund, the Fed, and agents acting on behalf of one or both.
It’s VERY SPECIFIC:
And they can manipulate any market, at any time, and for any reason, and they don’t even have to tell you about it.
Silver is about $22.50 and falling:
We’re very close to “premium creep” becoming a factor.
OK, “Hey Half Dollar, do you think President Donald J. Trump, the best President, ever, will do something good for gold & silver before corrupt Creepy, Sleepy Joe Biden steals occupancy at the White House?”.
While the man is indeed part of the Cartel, why would a Deep State Globalist in Patriot’s Clothing do that?
But if you need absolute proof that Trump won’t do anything “good for gold”, start here.