Loading ...Silver – The Trading Is Getting Wild
In the early morning hours, Silver was driven back up to just 15-20 cents below yesterday’s Comex spot high of $51.19 by Asian buyers. Then the banksters engineered one of their infamous takedowns of over $1.50 in about 15 minutes. The bid asked spreads have gotten crazy. For years they have usually been 1-2 cents. Now even with silver up only a few dollars in recent days I see spreads during certain periods of trading of between 30-50 cents. It is absolutely crazy and about to ramp up to even wider, wild swings and larger, insanely wide bid asked spreads. People have talked about “dollar days” for some time but we are only just about to really experience them. If we get above and beyond yesterday’s Comex high of $51.19, a big upward run is in the cards for today. If, on the other hand, the banksters manage to suppress the price and keep it in check for today, by the end of next week, the inevitable melt UP, will be well underway. Be long and hold on for dear life.
Hmm, as silver was recently made a strategic metal, maybe that will put the COMEX and partners in the Trump admins’ legal cross hairs for facilitating the exportation of massive amounts at below market prices.
Interesting take. Makes sense.
A tidal wave of silver, according to GoldFix, has been sent to London from an unknown source. China is bucking the drop though some kind of leasing, arbitrage and contango which is beyond me. I don’t even know what the hell those words mean. The battle is between London and China who wants silver higher. Who will win? That’s the only reason silver isn’t screaming higher. London was apparently low on silver and needed bailing out, and someone or some country did bail them out. What a strange world. Goldfix calls COMEX buys, stupid money and says it’s the normies, the American buyers who might be left holding the bag if it suddenly drops. Well, he expected it to drop by now. But it didn’t. the battle is on, though he said this is just one of many antithesis to the squeeze that will occur occasionally, but long term silver will continue to shine.