Guest Post: What’s Wrong With the Silver Market?

by silver boy,

What is going on with silver?

Recent activity in the silver market (especially on the COMEX over the last week) makes it obvious that silver is being manipulated – and on a scale worse than ever before. It’s so in your face now that even a child could see it. Especially now that we’ve had Kitco cleaning Friday`s silver chart in order to remove the massive down spike and even out the decline. This is as good as confirmation of rigging in the market. And the proof is HERE at silverdoctors for all to see.

The massive dumping of paper contracts into the market in mere minutes is not done to maximize income from those sales, it`s done purely to drop the price. If you were selling multiple tons of a single commodity into a rising market, would you not sell gradually so as not to affect the price negatively? Of course you would. We all want to make a profit and get the best possible price when we sell, don`t we? Well, not in the case of silver it seems. So WHO would be selling silver in such large (paper) amounts in order to negatively affect price? Somebody with something to gain from doing it that’s who. And in my book that means the central bank and government.

Gold is the money of kings. Silver is the people`s money. The present goal of most governments is to get the people to spend their money, not save it. With interest rates at zero, inflation is much higher than official government figures, making it pointless to save in a bank any way. The last thing governments and central banks want people to do is save – and they certainly don’t want the people to save in physical gold or silver. You only have to look at the mainstream financial media and mainstream investment advisers to see this. The financial sector money junkies can’t make any money if the common folks go out and buy physical gold and silver, that`s why they rarely recommend doing so.

I believe the recent rise in silver price from around $26 to $34 has only been allowed to happen because pressure was too great for the manipulators to keep it at that price without totally losing control, so they have retreated to higher ground. They will try to keep it below $35 (and gold $1800) but with reports of massive physical buying demand and delays in getting physical metals in size, I believe that even the current prices wont hold for long. The prices will go up again, likely within the next month, and certainly by year end, to at least $37 to $44 in silver and £1900 in gold. Then another battle will commence.

It is discouraging to see these raids, but it tells us that the cartel is getting desperate to keep prices contained. These criminals are not stronger than the markets. The market is the entire world, people like you and me who are buying the physical stuff. And more folks will join us as the word gets out. Another way we can begin to fight the cartel is by dictating the price at which we would sell. We all know that these metals are vastly under priced, so take the manipulation into account, work out the price that you think is fair market value for an ounce of PHYSICAL SILVER or PHYSICAL GOLD and the next time you swing by the ‘We Buy Gold’ Outlet, tell them the price they will have to pay you for your PHYSICAL metal. When they ask how you arrived at such lofty values, explain to them the price is rigged. Then tell them who rigs it and how. SEVEN TIMES the worldwide mine supply of silver traded hands on the Comex during the month of August!

Start demanding fair value for your metals. Put a few auctions up on ebay and ask for fair value. The M3 inflation adjusted all-time high for one ounce of PHYSICAL silver is around $500 according to John Williams at Shadowstats. Start there. Sure, you might get laughed at, but when you’re asked why you’re demanding such high prices, you’ll have the opportunity to inform. Get the word out.

We have to take our own peaceful actions to stem the cartel’s criminality because it appears increasingly clear that the CFTC isn`t going to any time soon.