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192 Million Ounces Of Paper Silver Dumped On Market In 10 Minutes On NFP Release!
Friday, November 2, 2012 13:24
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According to NetDania’s volume (which approximates volume from 5 separate sources and is not an exact indicator of volume data) 38,400 contracts, or 191.99 million ounces of paper silver (nearly a quarter of annual global silver production!) were dumped on the market in only 10 minutes between 8:30 and 8:40am EST upon the release of the NFP data.
Screen shot of the paper dump (with 3rd wave of attack in progress) below:
$31 has just been penetrated in the 3rd wave of the cartel attack, but price has quickly rebounded from $30.91 to $31.25.
*Update: Paper dumping has commenced again, with silver smashed back under $31 with a last of $30.77. Expect support to emerge near $30-$30.50.
GOT REAL PHYZZ???
Question… how much silver is used in electronics?
Not much silver in electronics…more gold used.
Silver is used in some large electrical panels and shows up as plating on copper bus bars it is also used in large fuses.
Another common use is in HVAC and other cooling/refridgeration systems in the form of an alloy used to connect copper cooling tubes….
10,000 uses for silver.
100 for gold.
3,000,000,000 ozs of gold available for sale.
15,000,000 ozs of silver available for sale.
Current Ratio Silver to Gold at 53:1.
Historical Ratio Silver to Gold at (avg.) 16:1
Most extreme Ratios Silver to Gold 93:1 (1993), 1:2 (Circa 5,000 BCE).
Which do you want?
There are two bottom lines here at least. One is that the Global Banksters who control the Governments of this World! Cannot make much money off of Silver, but can inflate Gold prices dramatically and then when Gold prices fall because of being propped up artificially? They buy up the shares again making large Profits. Thereby also keeping gold out of the hands of the average citizen of this Planet. Where as with Silver it should be around 70 or 80 dollars an ounce atm? But by controlling the price of Silver, the Global Banksters keep it at levels that do not make it attractive to own. Thereby most of the befuddled masses will want to own Gold and that will inflate the price of Gold that much more. But the majority of the unknowing will only own Gold on paper! The Stock Markets of this World are basically owned by the Global banksters!!! So owning anything on paper for too long can result in a big loss during recessions and financial collapses. Which of course is the Banksters plan! Only buy Silver or gold in Real ounces, Thereby taking the power away from the Global Banksters to some degree.
I thought silver was cheap and a bargain at $4-$5/OZ
I still think it’s a bargain at $30.
When TSHTF paper bullets won’t help much and the same goes for paper silver so i care not about the fiat price and will talk value when hyper inflation comes to town
“Historical Ratio Silver to Gold at (avg.) 16:1″
yes if you go back 250 years but over 100 years it has been much less
Gold or Silver, both are better than nothing don’t you think