RANTING ANDY – OK, as you all know my number one pet peeve is “good guys” that do a disservice to our cause by putting out two-faced, misleading, or in many cases, just plain lazy analysis. We are fighting a financial war against the evil forces in Washington, New York, and London, whom thrive on such reports, as their one and only goal is to promote FEAR in the hearts and minds of Precious Metals investors. In other words, as the financial Cat 5 hurricane hits American shores, they want you to be OUT of Precious Metals and IN the toxic assets they are promoting, such as stocks, bonds, real estate, and, of course, the U.S. DOLLAR.
Such propaganda would never work in a freely traded market, but by now, particularly if you have read my recent RANTS, it should be crystal clear that not only are Precious Metals markets NOT freely traded (gold, silver, AND mining shares), but the LEVEL of manipulation has escalated exponentially since the physical market started showing major cracks late last year.
November 9, 2010, or “D-DAY” was the Cartel’s response to PHYSICAL CRISIS #1, when they resorted to the first ever INTRADAY silver margin increase to quell the metals surge, and simultaneously started viciously attacking large cap mining shares with GOVERNMENT COMPUTER ALGORITHMS to make sure people betting against them were punished (those “ALGOs” continue to this day unabated, and consequently I no longer own large cap mining shares).
However, despite these despicable, illegal tactics, the physical market shocked them by rapidly rebounding, with both gold and silver setting new all-time highs on April 29, 2011, just five-and-a-half months later. Obviously, this surge was even more dangerous, particularly with the “end” of QE2 looming on the horizon, the European Community collapsing, and Japan amidst the most horrific humanitarian and economic crisis of the modern era.
So after a three-day (Good Friday) weekend of planning, they launched the SUNDAY NIGHT PAPER SILVER MASSACRE, attacking the paper market in the wee hours of trading Sunday night while China was closed for a holiday. They started with a comical $6 drop in silver in NINE MINUTES, and then when it started to rebound reported the “shocking” news that bin Laden was killed (as if that matters), despite having no body to prove it. Moreover, when gold had the gall to recover ALL its Sunday night losses in Monday morning trading and reach another ALL-TIME HIGH, they turned up the juice with a patented 12:00 PM EST CAP and ATTACK, replete with a vicious follow-up paper attack in the last half hour of NYSE trading to make sure their plan was a success.