"Combined with Friday’s raid which saw the cartel dump 62.5 million ounces or 2x the US annual mine production on the market in 15 minutes, the cartel has now dumped 2.5 years worth of annual US silver mine production on the paper futures market in under 24 trading hours."
http://www.silverdoctors.com/silver-smashed-to-33-50-on-asian-open/
the above happened some eight weeks ago, near the beginning of the precious season!
imo:
as i posted previously, now is a decisive time for the price of silver! it is well into the precious metal season and as such, silver should be going up!
jmp and / or others will have to decide 'now' whether to close out their short positions or increase their number of shorts, to continue suppressing the silver price!
if not they may have to wait until well after february, when the precious metal season ends, to close out their shorts.
if they try and close out now they could make one massive loss!!!
silver has been down for a year and a half now and now we could have a year and a half catch up!
obama wins silver going to go vertical , page-58
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