Bob, while I find this interesting and hopeful reading (having a lot of silver myself), it's nothing really new or something I've not heard before.
In Part I of this series, I suggested to investors that the price of silver will explode in an upward spiral – reaching levels even unimaginable to most silver bulls. A three-digit price for silver is guaranteed, while a four-digit price cannot be completely ruled out.
Guaranteed, huh? Well he might have to pay up. This is really useless and exaggerated pumper phraseology we don't need. "To the moon, Alice!"
OK, maybe this might happen in a 'free' economy, but this one is rigged. Why has the market been leaping up the past few days--up nearly 400 points in just two days--when previously all we had was bad news and gloomy forecasts. Will this be a replay of last summer? Obviously it's juiced. But the PMs aren't juiced. Miners are laggards as usual. Yes, I know this might be seasonal, but my point is this: We're increasingly becoming a rigged market. The Wall Street traders and bankers with their computer algorithms and high-frequency trading programs now decide how it's gonna be regardless of outside events. Especially in these thinly-traded markets. Most retail investors have pulled their money out already. Silver and gold usually go up with higher markets and a weakening dollar. Nuh-uh. Not now. A lid seems to be on the PMs and miners. And JPM and the banksters don't seem to be in any hurry to cover despite the silver shortage. Why?
Maybe because they're tyrants of sorts. Just like Stalin and his commissars who determined the price of bread on the shelves. They wanted to keep the bread prices low, for example. Bread owners could only sell at the low, fixed, officially assigned price. Oh sure, the bread shelves were empty, but Stalin's real aim was to keep the people poor, hungry and waiting in very long lines, anyway. That kept 'em weak and out of mischief. Something similar with silver. Buy and hoard it all you want. You may not even be able to get it down the road. But make no mistake. JPM and their ilk decide the price. They control the set's horizontal and vertical.
I used to to think it couldn't last. Any day there would be a short covering event that would send silver skyrocketing. Days turned to weeks into months into years into decades. I suppose it will change when it changes, but pointing these facts out certainly don't help. GATA has pointed out criminal collusion and the rigged markets for years. Nothing changes there, either.
So, the more things (don't) change, the more they stay the same.
Sorry...gloomy mood today.
