Violent Moves in the Silver Market
Violent Moves in the Silver Market by Rory – The Daily Coin
As we discussed a few days ago this week should see silver and gold moving higher by weeks end. This morning, it appears, the cartel read my article and decided to make a contrarian move and push the metals down. The good news is the other side of the trade was waiting and responded sending the metals above their close on July 24 (yesterday).
Now we see the cartel making another counter attack and attempting to shove the metals back down into more “friendly territory”. This is a battle royale and it appears, as of 9:30 CST, the bullion cartel has their hands full in attempting to wrestle the “market” to the downside.
Today would be a great day to watch the charts and see how this thing plays out. My guess is, the cartel is going to push the metals down a little today but, with any luck, we should get back on track to the upside on Wednesday.
The really bad news is the cartel has unlimited clicks on a computer and have the ability to throw as many contracts as necessary to achieve their goal. The other side of the trade, the hedge funds and others, are dealing with real funds and have a limited amount. This will be the deciding factor. If the cartel wants or needs to push the “market” down they will simply push the “play button” until the other side of the trade is completely washed out. That’s how they roll.
Gold is not moving as violently as silver.
We can only hope the cartel has swindled enough from the traders and are satisfied at this point allowing the metals to move a little higher for the day. Then again, when was the last time the cartel was satisfied with any amount of wealth being held outside their clutches?
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