ProShares Ultra Silver (AGQ)

[Montanore]

Dollar down, gold way up and therefore silver is....DOWN. Why?

Read T. Ferguson's take:

So, what does this mean? Is it just an aberration? A coincidence? No freaking way, my friends. Everything...and I mean everything...is being done to temporarily restrain silver. The Cartel is effectively expending their entire "conventional" arsenal in their attempt to survive May settlement in silver and live to play another day. Think about it, this week we've seen:

1) Two CME margin increases in 48 hours.
2) Every available Disinformation Agent has been put forth to convince the sheep that silver has topped.
3) Sell side analysts stubbornly refusing to raise or even maintain year end price estimates. Remember, year end estimates are critical to the calculation of miner share price forecasts.
4) Today's historic price divergence.
5) And now, on the Globex, on a Friday no less, The EE is putting the hammer down in an attempt to gin up ever more top-calling over the weekend. Since closing on the Comex at about 48.60, silver is now down 80 cents, the majority of which has come in three minutes.

http://tfmetalsreport.blogspot.com/