It wasn't a mistake then and it isn't a "mistake" now. It is an intentional well calculated move that will further enrich a very small minority.

It bears noting again that JP Morgan is offloading paper while it has stock piled over 55 Million ounces of physical silver.

KISS at its best! It will be interesting to see how this tracks going forward. Thank you.

GSS had a stand out day today. Up 26% with over 7 Million shares traded.

So as the government began its "shutdown" the dollar began to fall. Generally speaking it would seem that gold would go up as the dollar fell. So could someone offer an explanation as why gold would take such a nose dive under these circumstances? Or was this yet another take down at a key moment?

http://www.zerohedge.com/news/2013-04-23/goldman-closes-gold-short?source=email_rt_mc_body

How nice for them that gold decided to drop like a rock allowing them to profit so handsomely.

Rio Tinto’s Kennecott mine shut down by massive land slide. And yet silver is being crushed. Clearly the metals are once again being mauled by using naked shorts. Of course the very same "investors" that just made billions of dollars as the metals tanked are the one's doing the market manipulation. Talk about easy money. Short the market then make it crash. Just like robbing a bank.

http://silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/

Lots of wealthy individuals were tipped off weeks ago of the impending implosion. So as we now know billions of dollars left Cyprus before the lock out. The real question no one seems to want to ask is why isn't anyone in jail for this?

How many times has history recorded "it can't happen to us"

Good Evening

Several of my miners GSS?NSU had massive volume today. I have been out since early this morning. Did I miss something?

Hmmm

Given all that has transpired since the end of 2007 it is in my humble opinion impossible for gold and silver to be at these prices. Just indexing for real inflation  (not phony government numbers) Gold should be well north of $5000 and silver in the Hundreds. It is scary times indeed when one contemplates the economic and political power that continues to be brought to bear to artificially surpress precious metal prices at these levels.

Good Morning

I havee been reading that between 8:30am and 8:40am Friday morning 192 Million ounces of paper silver (38,400 contracts) were dumped on the Comex crushing silver. This represents about 1/4 of the entire world silver production for an entire year. Is this true? This would be a scary pattern. The last 4 times silver and gold had big corrections  there was massive selling on the Comex. In every case the result was significant drop in silver prices. If this is random markets at work? If so  where are the massive market correct upwards? Is this legal or illegal market manipulation? And why isn't this activity being reported by the main stream media.  And why does this only happen when the big guys are massively short silver?

Perhaps I am just paraniod and I am misreading the facts. Help me out here.

Actually I still hold about 20K in a variety of gold and silver stocks. I refused to give in to the price drop. Given the trillions pumped into the markets gold and silver must go up and go up massively. Clearly the central banks and the FED have been manipulating gold and silver in trying to drive down prices. They have run out of ammunition as even outright fraud is no longer working.

Lots of insider buying last week

massive Market manipulation in silver again. In this market all you need is 20-20 foresight and you can't miss.

http://silverdoctors.blogspot.com/2012/02/cartel-dumps-225-million-ounces-of.html

225 MILLION ounces of Silver (Paper) dumped on the market as Bernanke was speaking. People this was a planned and well coordinated attack on Gold & Silver. The dramatic fall was NOT a result of natural market forces.  (IMHO) It would be very enlightening to see who had large short positions in the miners yesterday and cashed in today.

http://www.marketwatch.com/story/cme-lowers-margin-requirements-for-oil-metals-2012-02-09