silver under $30/oz, page-4

The problem the manipulating banking cartel has with naked short selling silver into oblivion is that it simply cannot stay in the paper world.

Silver is consumed in large quantities by industry, and cannot be substituted in many cases. Industry will still want to buy and have physical silver. Lowering the price artificially will see demand and purchases go up in industry further creating a shortfall of market silver.

The only way these corrupt banks (and corrupt regulators like the CFTC) can survive is through blatant corruption and back stopping by the TPTB. Eventually the backwardation will become so bad that these banks are going to blow up in covering their shorts as physical delivery is demanded.

The demand for silver will only increase as Asia/China and South America continue to grow and modernise but renewal of stocks is falling and will create heavy pressure on the price.

Long/medium term - ventures that have reserves of high grade silver will be very valuable. The ones that need to finance, CR will have short term difficulties over fear in rates and markets that may keep a lid on the sp for a time.