Well, it appears that things have stabilized following this year’s post-FOMC massive gold and silver price raid. The only thing that remains to be seen is whether price can rebound somewhat into year end and hold onto a positive 2016.
So we wait and watch…seriously, what else can we do? It has now been proven and admitted that teams of traders at The Bullion Banks actively collude to manage and manipulate price. (See here: And it’s obvious that The Criminals are still at it when you examine the silver chart over the past 90 days. Three massive raids have been staged to inflict devastating, technical damage.
The first (for $1.09) took place on October 4 and it was designed to take out the 100-day moving average. The second (for $1.36) took place on November 11 and it was designed to take out the 200-day moving average. The smash on Thursday (for $1.26) was designed to take out the 500-day or 100-week moving average.
This post was published at TF Metals Report By Turd Ferguson | Friday, December 16, 2016.
Follow on Twitter
Recent Comments