for now:
The Hunt Brothers vs. JPM Insiders (by Anonymous)
The Hunt Brothers were able to run silver to $50 but in today's market all the U.S. investors, collectors, and dealers, alternative news media, economic consultants and everyone else with an interest and working knowledge in precious metals were not able to break the $50 all time high today. In fact it looks like the insiders of JPM (to name a few) linked directly with the Federal Reserve are doing a better job of cornering the silver and gold markets and keeping prices down with naked shorts.
Now the charts appear at a dangerous high for silver and gold and that was all looking good up until today's tape. Some people may not like this but the reality will set in here shortly. No matter how many pumpers are out there and no matter what the truth of the economy is and the results should be, the insiders control this game to the uttermost. They can make it go any direction they want and have virtually no limitations:
There is no way you are going to shut them down.
Watch silver tank now. How low will it go? I have no idea but it's going much much lower and everyone is going to bail out of here now. The waterfall is about to begin and I'll be interested now in reports by analysts who think they can call the bottom.
Sorry to sound bearish (I'm not) but the charts speak for themselves. The battle of the silver bull run has ended. Maybe it's just an opportunity to load up on more ammo?
Remember: Marc Faber mentions three phases in the markets:
- Gloom
- Boom
- Doom
Watch the KITCO chart here (it needs a REFRESH):
Are you hedged in GOLD?
....developing...
