Losing Control?................from Rico

The Silver market last week was clearly on 'manual control' and 'lockdown.'

 

All week an HFT algorithm compressed the COMEX close in Silver.

- This is NOT normal trading or price discovery (not when open interest is at one billion paper ounces to fifty million physical ounces), is IS naked shorts artificially 'managing' and 'capping' the spot price.

 

Last week also saw the Cartel FAIL to smash Silver below $16............

- Three to four years ago it required 200-250 million paper ounces (m.p.o.) to knock the price of Silver down by $5-7 per ounce.

- By April 2013 it took 400 m.p.o. to whack the Silver price downward by $4 per ounce.

- It now seems to take ~900 m.p.o. to drop Silver spot by forty cents.

 

Something is going on beyond the market 'riggers' losing control of a manufactured market.

- I'd keep an eye on Greece and Deutsche Bank (which is heavily exposed to Greece via derivatives, more so than their counterpart banks are). DB could very well be the next Lehman 'who could have seen that coming?' financial event.