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Monday, May 2, 2011

Bear raids in Precious Metals

More on silver.

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Bear raids in Precious Metals

http://jessescrossroadscafe.blogspot.com/2011/05/one-cannot-help-but-notice-that-bear.html

"One cannot help but notice that the bear raids in the precious metals sector are coming in thin trading and are notable for their lighter volumes as compared to buying. They are also coordinated across a variety of related products including mining stocks etc. which are likely used to hedge losses on the futures contracts."

"I think the Comex dealer inventory chart is telling, and while it might be resolved through procurement of a large, unallocated inflow of silver, I am at a loss to find out where that might originate, unless it is from the market itself, which would seem to demand higher, not lower prices, despite all the jawboning and spin from the Wall Street demimonde. The western governments, central banks, and IMF have long ago exhausted their strategic supplies of silver, so the bullion banks cannot effectively turn to them for direct relief"

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