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Friday, 23 December 2011

CRIMEX, still standing..​.............from Rico

Standing with the crowd is easier tha standing 'emotonless' against it.
- So is it easier to get your advice from FTV than thinking for yourself.

In fact, participation at the COMEX (which we call the CRIMEX) has been "flushed" post-MF Global, post-Corzine.
- But this is not the 'retail crowd' by any means (a.k.a. the "dumb money").

The physical silver market is so tight that 'waits' for delivery exceed three weeks. Just ask Eric Sprott.
- Before the orchestrated "take-downs" deliveries of ANY size had been refined just befors the orders were filled. Imagine how long delivery 'waits' will be going forward.

The proverbial 'jig' is almost up.
- You don't think the Chinese have already figured this out?

And, those who purchased SLV to 'own' silver don't know that SLV is over 20 million ounces of silver "short" of the silver they are supposed to have in their vaults...their shares are NOT backed by physical silver.
- The 'reason' for managing the physical market ptice of silver (and gold) bullion is to keep the market price lower than it otherwise would be. Makes the Dollar and the Euro 'look' better in comparison. Well, better than they otherwise would look. Can't make the Central bankers look as 'bad' as they really are.....


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