COMEX silver raid following 2.4 million ounce warehouse withdrawal

[NoOneButPaul]

On a positive note, the raids are becoming less effective. The drops are smaller and short-lived as others step in to buy the dip. Remember when silver got knocked down for like $5 in two days early last year? Those sort of raids look almost impossible now.

This is the most important sign to take away.

The raids are becoming less effective!

The buying pressure is also waaay to great in the low 30s for silver to dip much farther than that.

The technicals still look fantastic on silver, I think one sign that's becoming obvious with the manipulation is that:
A) They tend to crash silver on Fridays
B) They always crash it at the end of the month


I'm still very confident that we will see $36 silver by the end of the year.

[thoughtomator]

Not all of us buy only physical...I buy phys and I trade options/futures, and I loath JPM's manipulation...lost $500 today...

If you'd followed my handy rule to buy below $33 and sell above $34 you would have made a mint these past few months daytrading options.

[UWDude]

Not all of us buy only physical...I buy phys and I trade options/futures, and I loath JPM's manipulation...lost $500 today...

Meh, if you aren't buying physical, you aren't really an ally in this fight. A lot of us buy physical for more than safety and profit, we buy it because we know it is one of the free market lynchpins that will destroy the fed. And we know the more awake people who buy and hold silver, the faster the downfall will happen.

[John F Kennedy III]

Sure the morgue is probably pushing around the price, but why should rp supporters get angry? A price supression scheme is the best gift a pm investor could ever have. We all know the end game is silver in the 100's and gld over 5k, so why the anger toward the jp morgue? Hopefully they can successfully keep the price down. That way I can accumulate more physical.

This is true. So I want one of 2 things to happen:

1. $5 silver

2. We cause and sustain the condition needed to destroy JPM.

I wish I was born 15 years earlier or knew this stuff when I was 10. 15 years ago silver MIGHT HAVE BEEN $3-4 an ounce.

[John F Kennedy III]

Buy physical silver, take delivery.

That's the plan when I get the FRNs. Everyone who buys PMs should do the same.

[devil21]

That's the plan when I get the FRNs. Everyone who buys PMs should do the same.

Especially before all the big boys clean out the inventories.

http://www.zerohedge.com/news/2012-1...ing-possession

[Seraphim]

Additionally:

http://www.zerohedge.com/news/2012-1...bernanke-night


Generally when gold behaves in a certain way, silver follows soon thereafter. That is a parabolic spike in gold coin demand from the treasury. That spike will almost definately occur for silver. And soon.

Especially before all the big boys clean out the inventories.

http://www.zerohedge.com/news/2012-1...ing-possession

[DFF]

SOMEBODY just shorted 5 thousand silver futes...I guess it was to get the best price in afterhours

[Mike Mitrosky]

In related news...

CME Declares Force Majeure at Manhattan Gold Depository

Read more: http://www.foxbusiness.com/news/2012...#ixzz2E3yjqrxa