www.silverdoctors.com
It’s that time of the morning again for the COMEX open
waterfall smash of gold and silver, a daily occurrence in the now
week-long post QE4 massive cartel intervention in the gold and silver
markets.
Gold has been smashed all the way back to Sinclair’s famous $1650, and silver has been smashed to a $29 handle. *Update: 2nd wave of smash sends silver to $29.71, gold to $1641!
While the rumors/excuse among the financial media for the week long
smash of the metals are that Paulson’s fund is liquidating his gold
position, we find it highly difficult to believe that Paulson would be
dumping his positions without regard to price daily on the COMEX open.
Paulson selling/ fiscal cliff fears are merely the cover used
by the cartel for one last massive smash of the metals prior to full
blown monetization by the Fed.
That said, buyers
in size (ie China) continue to step aside and allow the selling to
continue, meaning there is now a legitimate chance that the cartel will
achieve their ultimate goal in silver, and paint a negative annual
return on the charts for the 2nd consecutive year.
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