While idly watching (yawn) yesterday's paper-suffocation of Gold (and Silver) by the bullion Cartel as Gold yet again threatened to blow through $1775 and Silver touched $34, I decided to take another 'look' at the COMEX futures anomoly from Thursday when they briefly listed Gold at $17,700/oz. I had been focused on Gold Thursday.
Guess what? Their futures listed Silver at $34,000/oz.
- Since Gold and Silver are different metals traded under different symbols, why did this happen for both?
- Why was Gold 'off' by a factor of 10, but Silver by a factor of 1,000?
- Was this an inadvertant 'tell' that Silver would be more valuable than Gold in future? (We already know it is scarcer.)
Whether someone was 'testing' what prices would look like once we hyperinflate the fiat currency and many zeroes get added to everything, or if this was a 'signal' of future moves, or even just an "oopsie" I am absolutely convinced that Jim Sinclair hit it square on the head when he opined that the massively concentrated perennial paper 'shorts' were using their market manipulation as a 'cover' to acquire physical to offset their paper positions.
- For example, 43% of the paper Silver contracts are held by TWO Banks. I need to look more closely at the paper Gold contracts next, but WHAT IF?.....
What if it's not enough for these criminal sociopaths to corner the paper market, but they also want to try and corner the physical market?
- IF the metals ever approach anything like the price levels indicated by yesterday's CRIMEX 'error' (and we already KNOW physical prices are going higher, much higher) Gold under $2,000 and Silver under $35 will be the DEAL OF A LIFETIME.
We'll find out AFTER the November election I guess, once the politically-motivated price 'capping' is removed or overcome by physical buying.
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