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FSN: History In The Making
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from TF Metals Report
I know that it’s hard to watch your fiat-conversion price fluctuate so wildly, but it’s clear that we are on the verge of something major. There are two ways that this could go and, regardless of which outcome materializes, you’re going to be glad you have physical metal in hand (or under water).
SCENARIO #1
This is what I’ve been warning was possible for about the past six weeks. Since the banks were seemingly caught flat-footed at the initiation of QE∞, the entire move from October to today has been contrived to extricate the banks from their naked short positions. Having succeeded in flipping the specs from long to short (The LargeSpecShorts in silver recently leapt from 6,500 contracts to 30,000 contracts in eight weeks!), why would The Cartels stop and let the metals bottom at the low end of their 18-month ranges? Why stop there when it was obvious to everyone that a plethora/cornucopia/boatload of sell-stops could easily be triggered if price could be hammered through. On Friday we saw this event take place and it was neatly chronicled by Ross Norman here:
Continue Reading at TFMetalsReport.com…
2013-04-15 11:18:51
Source: http://silveristhenew.com/2013/04/15/history-in-the-making/
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