raid!! cartel smashes silver back under $35, page-14

Lok, solid response mate and good points raised.

I never said market manipulation was exclusive to the silver market. Yes Forex and any other market that involves paper changing hands is no longer governed by 'natural' or conventional free market theory, instead markets are controlled and moved by a select few.

Now let's look at the silver market, leaving behind all the manipulation facts (or theories) for a minute ...i.e let's assume that GATA, Sprott, Embry, Turk, whistle-blower Andrew Maguire, and former Federal Reserve Chairman Alan Greenspan are all wrong. Jeff Christiansen admitted in a CFTC hearing that gold and silver trade in the multiple of 100 times the underlying physical metal. This is on the record. It's fact.

The very FACT that this is currently happening, is pure and blatant market manipulation. We are talking about the apparent supply of a scarce commodity, being inflated to appear much larger (100 times larger) than it actually is. The effect that this has is to quench the demand side of the equation with something that is not there. Essentially, 99% of demand for comex-traded silver is being absorbed by paper, not silver. When the paper scheme collapses, there will be an extra demand for silver of 100x current demand, just based on these investors alone. It's simply a matter of time. Just like our current fractional reserve money system, this cannot and will not last - it's days are numbered. In all of recorded history, these schemes have always ended badly for those left holding the paper.

John Law would be rolling in his grave. Have we learnt nothing from history? Or maybe that's a part of the plan.

Now yes, I'm a proponent of GATA's work and I believe the precious metals markets, in addition to the manipulation just stated, are also being interfered with on a massive scale by a select few. I've studied their work, and to me, it makes sense. I've studied the major bubbles in recorded history, the same hallmarks are there, it makes sense. I've studied the Fed's history, and there is nothing contradictory to what GATA are saying.
But even leaving this work behind, and looking only at the facts on record, looking purely at the STRUCTURE of the current market, you cannot deny that price suppression is taking place here on an unprecedented scale. It will end the same way that these scams (sorry, 'schemes') have always ended.