Here's what I've have read on silver today......
The COT numbers came out for the week and were stunning...unless you understand WHY the price of silver was destroyed.
The banksters covered an AMAZING 16,446 contracts (82M paper oz) so far on this slam to have them post one of the lowest short position since the November 2008 crash. Here's an excellent article on the situation:
http://www.gotgoldreport.com/2011/09/stunning-plunge-in-comex-commercial-silver-net-short-positions.html This is since the Thursday cutoff so I'd expect even more short covering at the release of the COT report next week.
So why is this happening now? To me it's very simple...the CFTC is going to FINALLY implement position limits and the bankster have to position themselves properly before it happens.
This also confirms the fact that the CFTC has been delaying the implementation of position limits TO HELP the banksters get back "on side". They did this to try and not cause a huge disruption in the market...which it would have.
So where do we go from here? Position limits will prove to be deadly to the banking cabal because they cap their ability to rig the markets. Not 100% but significantly enough such that silver will be able to rightfully express it's true value at some point without the massive market manipulation. Usually, the banksters short on the way up from slams to keep the price under control but position limits will cause problems for their control mechanisms.
Not that it will stop manipulation all together but it will assist the Good Guys with their plan to end the game.
The next few months should be a DOOZY for silver so get your hands on as much as you can. If they slam it lower buy more. If they let it rise from here buy more. If the last slam scared you... you now know WHY it happened and it couldn't get much more bullish for silver than the Bad Guys covering a huge amount of shorts on the slam!
Silver is on sale today but we can't be sure how long this mega-sale will last!
Stock up.
Bix Weir
www.RoadtoRoota.com The reason for these trends is that virtually everyone is a buyer of physical silver and not a seller at this week’s lower prices. Not only are people buying, but they are buying right away rather than taking time to “think about it.”
The product experiencing the longest delay right now is Johnson Matthey 100 Ounce silver ingots. Buyers will have to wait for new product to be fabricated. The end of the line, as I type this in the early afternoon on September 29, is about 7 weeks delay. By the time this is published, the delay will almost certainly be longer.
For most sizes of silver ingots, US American Silver Eagles, and Canadian Silver Maple Leafs, you can still receive delivery within two weeks from the time you pay for it. But, I expect these delivery times to quickly extend further into the future.
SOIt's getting harder to get hold of physical silver.The banksters have covered a massive amount of their short silver position (16,446 contracts/82M paper oz).......Yet Silver is going down!!!!!!!!!!!!!!!!!!Then there's this....500:1 ratio of paper silver to physical silver? I've seen higher claims but any ball park figure is high.http://sgtreport.com/2011/07/paper-to-physical-silver-manipulation/AND
Fake Silver "Moly-Bars"?http://www.roadtoroota.com/public/212.cfm?awt_l=K6PJF&awt_m=3cV8jOhhQhAZ85BSo could it be that SLV (who boasts JP Morgan as their "Custodian") does not have .999 fine silver bars in their inventory but rather a significant supply of silver plated Molybdenum bars? Let's face it, if the banking cabal figured out that they could gold plate tungsten bars don't you think they also considered silver?
Silver came within a whisker of hitting $50 an ounce not long ago.
The last time that happened was in 1980.
The Hunt Bros. Bubble.
Fall in demand for photographic film/paper. Most of the silver was easily recovered after developing the film.
Recovery was so simple amateur photographers used to do it themselves. Put a wad of steel wool in a container with the spent developer and nearly all the silver can be drawn out of the solution. Which to some degree (not entirely) explodes the photographic demand myth.
http://www.silver-investor.com/blog/silver-market-update/will-silver-hit-new-highs/The US Patent Office issues more patents for silver-based products than any other metal, by a very wide margin.”
http://www.rfidworld.ca/rfid-market-continues-to-grow-as-demand-increases-in-2011/394Massive demand for RFID tags.
10.9mg of silver in each one.
2011 RFID market will reach and potentially surpass a total in sales of approximately $6 billion.
The US Military
http://www.theburningplatform.com/?p=13317Each Tomahawk Missile contains approximately 15kg of silver, and therefore each Tomahawk Missile destroys 15Kg of silver. Unrecoverable, gone for ever.
And the rest....
http://www.silverinstitute.org/silver_uses.phpWhat other commodity is trading well below its 1980 level?This is not a level playing field.....So why invest in silver and silver producing companies?
Industrail demand for silver can never be met with paper, or Molybdenum. Silver is irreplacable for most uses and applications. Buy on the dips (like now), and exercise patience in the certain knowledge that anything that is manipulated to any degree eventually unwinds. The more it's manipulated the more dramatic the upside.
Exercise patience and just keep chipping away at it....
JDHJust made a very convincing argument for SVM.
SVM.TO – Silvercorp Metals Inc
ATB
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