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*UPDATED with TD Ameritrade Volume
We reported a few minutes ago on the gold & silver raid in progress. The cartel raids have now smashed gold over $82 from $1788 to
$1706, and silver close to $4 (10%!!)
from $37.62 to $33.68.
Also notice the classic mini-parabolic moves to the upside immediately
prior to the raid- absolutely CLASSIC CARTEL ACTION!
The raid began at exactly at 10:00am EST coinciding with the Fed's release
of its monetary policy statement to the House Financial Services Committee.
For those who claim these immediate waterfall gap-downs in both metals
were as a result of Bernanke's dissapointment in no
further QE, please realize this occurred exactly as the full report was
released, and note the massive paper volume of
225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES
used to smash gold by $65 and silver by $2!:
NetDania, while a spot chart- obtains their volumes
from futures volumes, and displays the smash visibly the best. BrotherJohnF just published a NetDania
screen shot demonstrating a volume of over 20,000 contracts, or 225
MILLION OUNCES of paper silver sold over 30 minutes.
Lest you think this is merely another 'data glitch' by NetDania,
here is the action and volume from TD Ameritrade:
Source
As mentioned above, notice the mini-parabolic up-move in silver immediately
prior to massive raid to draw in new suckers (longs) to add firepower to the
smash as they are forced to puke their positions moments later as stop-losses
are taken out.
And in gold:
Now we know why the cartel stepped back and allowed gold and silver to run
higher through significant resistance points over the past 3 days- they have
been waiting to coincide their smash with the release of the Fed's policy
statement, in a weak attempt to use the Fed statement as cover for their
massive raid and paper manipulation of the gold and silver market. Source @SilverDoctor
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