All that is needed…

blog.milesfranklin.com / By Bill Holter  / August 17th, 2012

…is just one Billionaire to place an order on the COMEX for Silver and POOF…it’s all over!  Seriously, this is true, just a single $1 Billion order would basically wipe out ALL deliverable Silver held at the COMEX.  Not only that, I suspect that if a huge order came through (which is discouraged by position limits on the long side), much of the supposed “deliverable” Silver would change categories or even evaporate prior to being delivered.  Think about how small $1 Billion is.  It is equal to roughly a mere 8 hours time of which our government borrows 24/7.  It is like going to bed and getting a good 8 hours of sleep…wake up and we borrowed another $1 Billion.  Only in this case, once this market gets broken and trust me, $1 Billion will do it, we will go to sleep, wake up, and no Silver will be available.

Years ago, Warren “Gold ain’t money, it’s barbaric” Buffett held 129 million ounces of Silver (equal to nearly $4 Billion at today’s price).  It was speculated at the time when he sold it that he had his arm twisted to do so, maybe, maybe not.  I bring this up because there are now no hordes of this size available, ANYWHERE and the “threshold” to breaking this market goes down every single day.  Have you ever wondered what will happen if (when) this market does get broken?  You might at first think “who cares?” but that would be shortsighted.  I say shortsighted because any action in Silver will surely spill over into the Gold arena and Gold exploding higher is definitely not a “confidence” builder, on the contrary, fear is THE greatest financial emotion of them all.

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2012-08-17 11:42:30

Source: http://silveristhenew.com/2012/08/17/all-that-is-needed/