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Banksters Having Extreme Troubles Removing Their Huge Shorts : Harvey Organ

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From Harvey Organ:

In silver strangely the CME reported a gain of 1417 contracts up to 154,364.  We are now at a two year record high in silver OI with a lower price in silver ($29.86 today vs $49.00 in April 2011).
The problem this time for the bankers is that the silver OI is ramping higher while the OI in gold is being crushed.  Why? it seems that physical silver is becoming scarce and producers are hoarding the metal.  The bankers do not like what they see with silver as every raid at these low prices brings on more longs and they seem to represent strong hands.  

If the OI on Monday is again higher, our banker friends might as well throw in the towel as nothing can help them.  The massive not for profit selling of non backed silver paper at lower prices is futile.  The bankers are having trouble removing their huge shorts in silver as our resolute silver holdersinstead of pitching their contracts with the onset of a raid, buy more.”

“Friday’s selling was well orchestrated and hopefully we had capitulation.  The bankers have sold enough paper shorts to get the main stream media to state that the gold/silver bull run is over.  This has brought on the large specs to play along with the bankers and  go short e.g. Dennis Gartman. (see the COT report below)

The rigging started in earnest when the CME lowered the margin requirements.  This brought in more weaker longs into gold and silver.  Then the constant raids brought main stream media to report the end of the gold/silver bull.  Dennis Gartman who always gets the sell side  right but never the buy side, announced that he was going short in gold.  Today the selling reached a climax with gold at one point gold breaching the 1600 dollar barrier.  Silver on the other hand breached 30.00 and stayed below that level for the rest of the day.

continue article here:

http://countdowntozerotime.org/2013/02/18/harvey-organ-banksters-having-extreme-troubles-removing-their-huge-shorts/



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