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Here we have to quote one of our favorite rappers from New York , 50 Cent, the track is called 'You don't know':

I got my grimy Shady with me you front you gonna have to get me off your ass
I pay the lawsuit and laugh (haha)
It's not a big deal it's nothing but some cash (let's go)

So it's just the same for JP Morgan with this lawsuit, they gonna pay it and laugh because it's not a big deal for them, it's nothing but some cash...and they certainly got a lot of worthless green.

A lawsuit is not what will bring the manipulation to a collapse, it'll be rather the pressure of the worldwide physical demand or some kind of extern shock to the financial system which will bring JP Morgan down. And we gonna be patient until that day.

Sorry for mixing precious metals with hiphop, but our excuse is that we're young,...and there's a lot of HipHop all around here in New York City, so we just had to make this silly connection.

It's just because of the fact that Europe financially burns that they try as hard as they can to keep the price of gold down - in order to avoid a mass escape. No matter what they gonna do, it won't help.

[01:45 pm] If Greece defaults this weekend, a silver price of $100 will be a realistic price target for monday morning. Later on the cartel will have to give up and even higher silver prices become possible. Thanks to our reader Dan from Raleigh, North Carolina, for sending this pic.

With an avalanche of ever-tantalizing news stories and upcoming nail-biting scheduled officialdom events in both Europe and the U.S. all hitting the gold market at once in September, discerning the story that could propel some distance from Jim Sinclair’s exosphere target of $1,764 in the gold price weighs heavily in favor of the WikiLeaks story and its potential explosive impact on the price of gold from today $1,900 print to Sinclair’s ultimate target of $12,000+.

[10:45 am] Asian traders spoke of some 4,000 lots of gold being ‘dumped’ on the COMEX and of a “large sell order”: Gold Falls 2% in Minutes In Asian Trade

It is lamentable that real liquidity seems to be dying on the COMEX, but that is of secondary importance to long term silver investors. Of more importance is that the death of liquidity will likely also signal the death of the ongoing silver manipulation. That’s because liquidity and manipulation are rooted in the big commercial shorts on the COMEX. If there is one thing that could put the price of silver to the stars, it would be the end of the silver manipulation. The message from gold is that the commercials are capable of miscalculating on a massive scale, causing prices and volatility to soar. The message from silver will be not just that, but also that the inevitable physical shortage will cause prices and volatility to soar far higher than any of us can comprehend.

So it was another suppression command by the US government because they were afraid that options holders would immediately convert them to gold and ask for delivery.

"My guess is that this will be very brief because the physical market will catch on fire again. This has been GATA's whole premise, and why we've been right since gold was at $250 to $300 and all the way up. We said that the key to the future is the physical market overpowering the gold cartel. Years ago you may recall that everyone said the key to gold was what the dollar did. GATA said no; that's not correct. It is the physical market's ability to overpower the gold cartel."

We saw yesterday that the suppression attempts aren't as effective anymore as they were in the past. Back in the days the gold price would have been down for weeks or even months. This has changed. The price immediately reversed the $200 loss (from $1900 down to $1700) and regained about $100, closing at $1829.

[03:45 am] The reason for dropping of the sell orders and associated derivative bets, lifting of gold into the oxygen depletion zone, with a subsequent series of bear raids, is obviously in honor of the September options expiration this week on the Comex, and the Jackson Hole speech of Mr. Bernanke regarding the Fed's next steps on currency debasement: Gold Margin Hikes and a Pullback: Variations on a Theme

It's again day of option expiry this friday which might be a proper explanation for yesterdays suppression which is still ongoing. They are trying to lower the paper price of gold and silver so that they have to pay less for their gold/silver-options.

This article is yet another outstanding peace of work by Chris Duane from don't-tread-on.me. He's fighting for law and order on behalf of all silver bugs and once more lists the versatile advantages of silver and why it makes sense to invest a couple dollars in this asset.

All they did was to get rid of gold paper, which will soon be worthless anyway. Just another precious metals suppression attempt, this time initiated by the media.

This might implicate that the big increase in precious metals prices is soon to become reality. They don't want to be on the short side when this thing is 'going down'.

The PPT (Plunge Protection Team) once again intervened in the markets and pushed up the Dow and the futures artificially.

Something very strange is happening in the silver vaults. We are witnessing hardly any activity just like gold. Again for quite some time, there has been no silver entering the dealer and no silver leaving the dealer.

What's going on there? Silver is manipulated to the very maximum. We'll celebrate the day when silver will finally be released and rise to levels which no human being has ever seen before.

There were rumors circling around about gold margin hikes on Comex which caused speculators to get out of the paper metal.

[11:15 am] Jim welcomes Eric Sprott, Founder of Sprott Asset Management back to Financial Sense Newshour and discusses silver manipulation, and why he sees silver as the investment for the next decade: Eric Sprott On Silver Manipulation And The Opportunities Ahead

Can you honestly believe the gold data:
zero everything..zero deposits, zero withdrawals and zero adjustments
and zero notices.
something big is going on in gold.

The cartels situation also seems to be getting tighter in gold, not to mention silver.

[07:45 am] The latest numbers from Comex, brought to you by Mr. Harvey Organ: Late Thursday commentary

Once again, there was stunningly blatant paper manipulation in the silver market on Tuesday. 250 million paper ounces of silver – $10 Billion dollars worth – was sold into the market in one minute. As our friend Brother John disects the crime he notes, “The Comex is a completely and utterly corrupt market.”

So the cartel lost another 200.000 ounces, which can no longer be used for suppressions attempts.

For whatever reasons, the largest hedgers and short sellers of gold and silver futures have used the recent declines in the price of gold and silver to get a great deal “smaller” in their net short bets – and in a New York hurry as evidenced in the very important graphs shown.

Most anything can happen over the very short term, but historically very large, abrupt changes in commercial net short positioning have been like klaxons sounding for experienced traders to “get to battle stations.” These are indeed just the kind of very large changes of which we speak.

For silver specifically, the very low level of commercial net short positioning suggests that the Big Sellers of silver futures are not at all confident in lower silver prices just ahead. Notice that as the LCNS:TO reached the lowest levels on the graph above it almost always coincided with lows in the price of silver or very near them.

We certainly cannot say that the Big Sellers of silver futures are positioning as though THEY think that silver is set to plunge further - to the contrary. The Big Sellers are net buyers here - at a pretty fast clip, not net sellers.

Something definitely smells a little fishy in the silver market at the moment, even more fishy than it usually does. Prepare for something big.

The comex also released massive adjustments in the silver:

1. a huge 278,992 oz leaving the HSBC dealer and entering the customer category.
2. a massive 578,333 oz leaving the Delaware dealer and entering the customer category.

total adjustment 857,325 oz.

The new figures for silver registered (dealer) inventory lowers to 27.36 million oz
Total silver remains at 101.3 million oz.

something big is going on with registered (dealer) silver!!

There will be no silver left in the Comex warehouse soon. Just 27.36 million ounces left to go...till 0. Than it's kiss kiss good bye.

So the GLD and SLV are only 'pure' gold/silver paper. A LBMA or Comex default - which should be going down soon - would be mean DEFCON 1 - a total and final currency war.

The mint released their report on silver for the month and the total silver eagles sold amounted to 3.4 million oz. Thus on a yearly basis the mint sales equate to 40.8 million oz.
The USA nation produces approximately 40 million oz so the entire production must go to the mint first. The comex and others must import silver from London England, Canada, Mexico and other places to fulfil their duties.

The game will be over when nobody is willing to sell them any more silver. That'll be the day when the 'Comics' boys are done. Silver will be on another level then.

We have a very tough time understanding those bearish arguments against silver. We look at the real silver market, and based on the supply and demand data coming from the real, physical markets for silver, the fundamentals are only getting stronger. And yet there exists another silver market, which as we’ve shown, is not very connected to the physical realm at all. And though silver investors have for decades suffered the tyranny of a rigged paper monopoly over silver price discovery, it appears to us that the tides are turning. In the age of QE to infinity, investors are being more scrupulous with their capital and as such they are demanding physical silver in quantity. With more and more dollars flowing into the silver markets and a finite supply of physical to meet that demand, the theoretical losses for the paper silver short-sellers are near infinite. And with such a skewed and obvious risk/reward payoff vastly favoring the longs, we pose the following question. Who is most at risk in the silver markets: the buyers of a scarce and real asset that serves a growing multitude of purposes, or the sellers, who are short a quantity of silver which may very well not even be obtainable at anywhere near current prices? Let the Seller Beware!

No wonder the price of silver fell so dramatically! The PRICE of silver has absolutely NOTHING to do with the underlying physical silver market. The price of silver is massively distorted by computer trading programs trading millions of ounces of paper silver back and forth to each other to STEER the price not discover the price. There is no "free market" for silver anymore.

We are at a very dangerous point in the silver market as 500-1 leverage does NOT unwind in an orderly fashion.

I am afraid that the USA government is adhering to a scorched earth policy as they bombard paper gold and silver while we see the divergence between the paper price and the real physical price. The bankers short paper gold and silver with no motive for profit. They continue to sell offering massive non backed paper. The joyful ones are the guys that pick up physical metal at cheaper and cheaper prices.

Gold closed down by $19.60 to $1500.80. Silver finished the comex session at $34.64 down 36 cents.
The bankers decided in their bright wisdom that a second raid was necessary especially after they saw the OI in silver. For those newcomers, the bank orchestrates a raid by withholding their bids and then offering massive amounts of future paper without a profit motive. This triggers stop losses put on by longs and then this causes an avalanche of selling driving the price further down. Eventually, we get to an equilibrium of buyers and sellers.
The crooks, generally wait until after the second physical London fix to conserve gold (and silver). Their modus operandi has been going on for the past 8 years and the regulators just stand there doing nothing with this blatant manipulation. The bankers have no gold or silver behind them with they offer these massive contracts. The entire scheme was officially announced by Bill Murphy at the hearings in March 2010 with our whistle blower, Andrew Macguire , a trader at JPMorgan. The commission refused to hear Andrew who wished to testify.

This is manipulation in its purest form. If you want to play a major role in this plot, get your ass on the side of the gold and silver bugs and start to accumulate physical silver, if you haven't done so, yet. This will be your first step towards financial independence. No problem if you don't have huge financial means, it is absolutely okay to start small, because every single ounce counts - for you!

[03:30 pm] Charles Savoie has put together an incredible piece called the Silver Stealers about the true history of the Elite bankers control over silver: The Silver Stealers

A House subcommittee's hearing on the Gold Reserve Transparency Act of 2011 basically became a debate concerning whether or not sufficient information is already available to the American public about the amount of gold the U.S. holds, and what is done to protect it.

House Domestic Monetary Policy and Technology Subcommittee Chairman Ron Paul, R-Texas, contends two thirds of U.S. gold reserves have not been assayed or audited 25 years. "Surely a full audit every 25 years is not too much to ask," he declared.

When we first started paying attention to the physical ("Registered") silver held in COMEX warehouses on April 20 following the explosion in the silver price, the total amounted to just over 41 million ounces. As of today, a short 6 weeks later, the total physical silver held throughout the entire Comex complex, has dropped by 30% over that period. As of close today, the total amount of Registered silver is now 28,773,375 ounces, a decline of 2.9% overnight from 29,636,513. This is due to a withdrawal of physical from both Brinks and Scotia Mocatta, as well as the ongoing reclassification of 438,708 ounces of Registered into Eligible silver over at HSBC (but wait, it will revert back to Registered any moment... we promise). At this rate of withdrawal and "adjustment", there will be no physical silver left in the entire Comex in about 5 months. At that point, even one delivery intention will send the price of silver to previously unseen levels.

[03:00 pm] Industry Watch - GATA talks Gold market manipulation and calls for transparency at the Fed

[05:30 am] Anyone calling gold a bubble is talking through their hat or worse... A number of myths associated with ‘bubble theory' for gold are exploded here: Six Myths of the "Gold Bubble"

[05:30 am] According to Sprott, several large financial institutions joined hands to push down silver price from around $50 to $32: Why silver price crashed from $50 to $32

Actually this inventory decrease should blow up the cartel. That's what's gonna happen anyways, sooner or later. Fortunately, we brought some time...

When it comes to decrypting the inventory drops or increases on Comex, Harvey Organ is THE MAN, because he knows how to explain what's going on there, in an understandable manner.

The amount of silver that the CRIMEX has available for delivery for its paper contracts has never been lower, at 29 million ounces. This is even lower when Warren Buffet was buying silver in the late 90′s.

[...] All of this has happened while 99.9% of the world is completely unaware what physical silver represents as a investment.

By the way, silver can also be found in mobile phones. The Apple disciples are likely to destroy their '~~smart~~phones' in order to scratch out the small amount of silver, which will then be the only silver they have access to.

Please read and take time to fully consider this. We now know why The Empire chose to aggressively pursue silver on the Globex this afternoon. This is a war that the C/C/C (cme/comex/cartel) will lose but they will do everything in their power to prevent their collapse and prosecution.

[09:45 am] I believe that simply looking at the Gold to Silver ratio that silver is going to continue to outperform gold despite this latest paper manipulation: The world is cornering the elite...

I have had many Strategy Sessions and many people are dumping their 401ks and IRAs into buying REAL physical silver. If I had to guess, there was probably a ton of silver from the handful of people I have spoken to, and I am a “nobody.” At some point the CRIMEX will not be able to deliver on all of those paper promises they trade. So go ahead and laugh, silver shorters, the day is yours, but I take comfort in the fact that we are playing for keeps. While you are playing musical chairs, I and many others have already sat down waiting for the music to stop. I have heard that he who laughs last, laughs best. We will let you know how it is when this all goes down. It is better to be 6 years to early to this silver rocket, than one day too late. There will be no “do overs.” There will be no second chances. There will only be those that were Aware and Prepared and those that danced away the greatest opportunity.

The banking cartel decided today at 7 am to raid silver, gold and other commodities. The excuse given was news from China. Actually, the announcement was quite tame with inflation falling a bit. However the banking pundits used the excuse that interest rates were going to rise and this sent the markets into a huge tailspin.
This is nothing but a complete manipulation by the bankers. Fear not and you will see both gold and silver rise again.

[06:15 am] "I am, without a doubt, positive that this past week was nothing more than a huge, coordinated, paper manipulated con": Observations of the silver smack down

Just for you to know where the actual command to suppress precious metals prices and especially silver, came from: Obama and Geithner. They wanted to save the dollar, after the dollar index dropped below the critical level of 73.

[04:45 pm] "The Real Silver high is close to $450, not the nominal high of $50": The Final Fight

[04:30 pm] This price-action in silver is predominantly an attempt by the major bullion banks, backed by the Fed, to create a shock and awe panic in the precious metals: Regarding The Rumors That Scrap Silver Has Hit The Market

The silver price is going to divide into a paper price and much higher price for physical metal. The Crimex will have to be shut down when this point is reached.

...on behalf of the cartel. They gonna kill the futures market like this, very slowly.

The CME/EE complex is desperately trying to squash demand for silver. The entire price discovery and delivery process of the Comex is collapsing. These desperate times are calling for desperate measures and you are seeing them play out in real time.

In other words: the cartel is about to collapse. Right now they are again manipulating paper silver to the downside, which does in fact not make any sense, considering that silver is in backwardation big time. Ask Harvey organ, the number 1 decoder of Comex numbers:

"I would also like to point out that today silver is in deeper backwardation than before with the spread between the May 2011 month and Dec 2015 widening to $1.36."

"Their job is to fleece you of all your money and do not think for a moment that they can drive the price of silver down into the 30's with the physical metal changing hands in the 50's. "

[07:00 am] That's the right term to describe the price suppression: Pure Criminality

No matter what they do, all these measures won't prevent silver from continuing its parabolic rise. See you above $50 next week.

They were able to prevent silver from closing up $2.50 yesterday, but today is a different day. And by the looks of things silver will close with a nice plus of around $2.50 today. We suppose that some guys are really going to have a bad bad night before trading resumes tomorrow. Better don't answer the calls...because it might be your broker asking for some more of that green paper...

[04:00 pm] Gold is clearly pegged to 1500 for expiry and silver is pegged to 45: The Fastest 10% Ever

If they don't manage to push gold back below $1500, it will be over: Game over. Todays attempt absolutely failed.

[02:45 pm] The last days of the Gold cartel and JP Morgan: Hitler And The COMEX

This might be correct from a chart technical point of view, but considering the fact that we're dealing with markets (gold and silver even more) that are incredibly manipulated, one can't simply judge on a chart-technical basis. There is a lot more to it than just the chart.

[04:15 am] The shortage of gold and silver is the driving force behind the bull markets in these metals: Anatomy of a short squeeze

Perhaps the most important lesson we can learn from the LBS situation – and highly applicable to the situation today in precious metals, which could be developing into the largest short squeeze in history – is that very few other people in the investment community actually understand what is happening. This is something to bear in mind when taking investment advice.

"Let us head over to the silver comex:
The total silver comex open interest rose to 148,652 from Thursday's level of 145,065 scaring the living daylights out of our bankers. They have tried countless times to shake the silver leaves from the tree and remove weak longs. They have failed each and every time. The front options expiry month of April mysteriously saw its OI rise from 15 to 13 for a gain of 2. We had 3 deliveries on Thursday so we gained some more silver standing and lost zero oz to Blythe. The next front month of May which is two weeks away from first notice actually saw its OI rise from 58,365 to 59,770. The month of May may turn out to be a battleground in silver. However it will probably we July as July is like June a very big delivery month. The estimated volume on the silver comex Friday was an astounding 131,723. Our bankers must have thrown kitchen sinks, bathtubs, their mothers-in-law, you name it everything was thrown in (unbacked silver paper) trying to keep the silver price from advancing. The bankers have called another weekend meeting where they will figure out their next move. The losses to the banks with their massive shorts is immense. The confirmed volume on Thursday was also extremely high at 112,983. "

So it seems that we are very close to the big short squeeze, which will urge the banksters to cover their huge short positions. There will be no limit to the silver price as soon as this spectacle kicks off.

With so much price suppression activity occurring over the past two months, it is no wonder that the price of gold has been quiet and that silver only made it just over my minimum expectation. On the other hand, if you think about it, that fact that the price of silver closed today at its highest price (ignoring inflation) since February 1980 and that gold reached an all-time intraday high of almost $1,450 on March 24, that is definitely a sign of major parties taking on the US government’s manipulation of the gold and silver markets. As renowned investor James Rogers said in a speech today, “Don’t sell your silver.”

By 1980, only 2.5 billion ounces of silver were left. By 1990, 2.1 billion ounces were left. Over the next fifteen years, the criminals stepped up their larceny. As late as 2008, only 5 million ounces of silver were left in the US government's stockpile. The silver was converted into wealth for criminals. Other crime family governments around the world have done likewise. Today, government stockpiles around the world have been squandered.

In other words, the amount of silver left in the world that is available for investment is less far less than the amount of gold that is available! Gold has a rising quantity of stockpile. In the case of silver, If all mining activity were to stop today, the aboveground stocks of silver will only last 4 months! What this all adds up to is the inevitability that the price of silver is on the verge of an eruption.

[01:00 pm] On the current situation on in the gold/silver market: Harvey Organ April 13

Silver is unstoppable at the moment. It's just like a very good movie. All we have to do is wait and see what happens next.

As soon as gold isn't available on COMEX anymore, new bullion exchanges will pop up automatically. That's when the gold cartels operations will finally be shut down.

There isn't really that much metal left over which the gold cartel can use to suppress both gold and silver.

So this is a big mystery. Maybe secretly we are seeing paper silver confirming the contracts. Who knows, we have no transparency at the comex.

'Transparency at the comex' will be unnecessary soon. The only place where we will be able to look up what a "Comex" is, will be the history books.

The game has fundamentally changed – but don’t tell the chartists – they’re still married to their Fibonacci retracements and buggy-whip, Bollinger bands.

Operating a gold and silver vault will now enable JPM to exploit the fact that most metals players who take delivery of their metal typically let it remain at Comex vaults for safekeeping. Again no big deal, because it is convenient and saves delivery fees, as long as the owners of the metal hold the vault operators accountable. In other words, if more players stand for delivery than JPM has available to actually physically deliver, JPM can just notify the owner that delivery has been made to its vault without ever having to make the actual delivery unless the owner asks for delivery into a private depository off the Comex. It has long been suspected that all of the current vault operators, especially HSBC and Scotia, engage in this "fractional" bullion banking scheme, but now that JPM has entered the vault storage game, there is no doubt in my mind that the Comex is running low on deliverable metal.

So this is why JP Morgan had to get a COMEX storage license so quick. They want to be in the position to tell clients that the clients silver has been delivered to the vault of JPM. Not every client will withdraw the siver from the JPM vaults, which means that this metal can be used to keep up the manipulation.

They still haven't understood that any such measures only provide better purchasing prices for those people who intend to further bulk up their long investment in the silver market.

[12:15 pm] If you think the gold price is not ‘managed' by central banks then you're really not looking hard enough: Gold Price Management 101

I have a little theory that I’ve been kicking around for a couple of years. The theory is that there will come a time that you will not be able to buy silver at any price. It will not be because there is not any silver around to be purchased or that silver will not have any value. I think that we won’t be able to buy silver at any price because there will be a very sudden and a very dramatic shift in the perception of silver’s value. A time will come when the value of silver is so strong and the value of the dollar so weak, that only a fool would ever trade silver for the dollar.

I havin many previous articles that silver is the Achilles Heel of the Global Power structure. This honest money will not only bring down the fraudulent banking system, but it will bring down all of the forces that are a scourge to humanity. You see, without a corrupt monetary system, trillions of dollars will not be available to fight needless wars, fund Wall St schemes and a myriad of other horrible events.

Right now, we have two separate forces fighting over a precious, limited and diminishing resource called silver. In one corner, we have the Elite that know that they have Quadrillions in paper assets riding on the perceived value of the dollar. They use that wealth to control politicians, armies, natural resources, medias, corporations, capital markets and ultimately you. They can sustain unlimited paper losses to keep the game going. The problem for them is that their infinite money is running into a very finite world, especially in silver.

In the other corner is an increasingly Aware group of people, that know that the end game is near for the dollar. Fathers are worrying about how to secure their family’s future and mothers are concerned about rising food and fuel costs. Business owners are starting to see that they need to protect their assets. Investors are worried about rigged markets and inflation destroying their returns. Corporations are becoming increasingly aware that their market capitalization might be at risk if they do not have the materials to make their products. Even nations like China are seeing the value of this strategic resource. This Aware group sees that owning tangible assets is the best strategy to not only defeat this enslaving system, but also to protect their wealth. No other tangible asset in the world is as attractive as real, physical silver. (Read the Silver Bullet and the Silver Shield.)

The Elite use a multiple pronged attack on silver to hold it down. All of their weapons are paper tigers. The Aware have found that by taking physical delivery of silver, the Elite’s powerful weapons are rendered useless. Actually even worse than useless, these paper weapons actually help the Aware to buy more physical silver at discounted and subsidized prices, hastening the Elite’s ultimate demise. Keep those shorts coming and we will keep stacking!

As a result of this battle, the CRIMEX now has less than half of what it had in registered inventory than it did at the bottom of the Bear Trap of 2008. In July of 2008 there were 87 million ounces in the registered CRIMEX vaults. Today, there is just over 40 million ounces left. The trend line is pretty dramatically down even as the price of silver spikes up. Less than $1.5 billion would empty the CRIMEX of the last bit of silver at current prices. With no silver to deliver, the jig is up for the Elite.

The Silver Door is closing on this game and I feel it could happen by the end of this month. I made the prediction that silver would be $50 by the end of March but I also said that it might not be available at any price. Both of these predictions center around a physical silver default at the CRIMEX. This would be the equivalent to a bank run where people turn in their receipts/contracts to get their money/silver only to find out that there are much more receipts/contracts than money/silver. We all know that banks run on a fractional reserve banking system. According to whistle blower Andrew Maguire, the CRIMEX/LBMA are trading 45 to 1 paper versus real metal. Got physical?

The first part of my prediction may have already come true with $50 silver according to this article. It was reported that Blythe Masters offered a deal that no trader could refuse. She offered an 80% premium NOT to take physical delivery of silver in March. The trader was told that JP Morgan could not deliver 20 million ounces (4,000 contracts) and that if the trader did not take this pay off, they would be left holding the bag as an unsecured creditor. Vito Corleone would have been proud of Blythe.

Another interesting twist in this silver saga is noted in this article form Along the Watchtower. There are claims that JP Morgue, through silver derivative bets, could have exponential loses when silver goes above $36. They estimate that if silver goes to $50 they might be out $40 billion. And that is IF they don’t cover their shorts! The article claims JPM has a $170 billion market cap with $40 billion in cash. That means if silver goes to $50, JPM will be insolvent. (That is IF the Fed doesn’t give them their own QE3 or if JP Morgue does not set up Enron like banks to dump these bad positions into in the Caribbean.)

We can see the inventory of silver they are able to deliver is depleting, which is one side of the closing door. The other side of the closing door is as the price rises, the more silver is in Aware hands. The further the price raises, the larger the floor is for the silver market. Buying silver is not like buying a stock, bond or any other asset. It almost has a cult like following that is growing stronger every day. Some buy for the financial opportunities. Some buy as a way to “stick it to the man.” Some buy for the honesty of the money. For me, it is a shot in the next American Revolution for freedom. There are hundreds of reasons to buy silver but very few reasons to ever sell for dirty green pieces of paper with “all seeing eyes.”

The total amount of silver production sold short between the 8 largest banks equals 150 days of world silver production. If silver starts marching up and these banks are forced to not only cover their paper shorts, but also deliver the real physical silver, this will cause the largest short squeeze the world has ever seen. This will cause severe dislocations in the world’s economy to say the least. I believe will coincide with a crash in the world’s fiat currencies. The Silver Door will then be closed.

Sooner or later the silver door will be shut, as all of the physical silver sits in the hands of the Aware. The Aware will not sell until a new paradigm comes into existence. They will not care about a world wide military empire. They will not care about public pensions. They will not care about vampire squid banks on Wall St. They will not care about sock puppet politicians and their budgets. They will not care about propaganda from controlled media. They will hold, because they will then have the power.

“He who has the silver, makes the rules.” -Chris Duane

When the Silver Door is closed, you will hear a deafening quite around the world. When there is a silver default on the CRIMEX and the Elite will be forced to admit that they have been playing a huge game of illusion. Everyone will then know the world has changed, forever. Those who do have silver will be awe struck at your new found wealth they now have. They will have hit the lottery because the real purchasing power of their silver will rise astronomically. They might be able to trade 1 ounce of silver for 1 ounce of gold. They might be able to pay off their mortgage with a few ounces of silver. They may be able to buy the entire Dow Jones share for a handful of silver.

“It is better to be 6 years too early than 1 day too late on this silver rocket.” -Chris Duane

I believe that we are in the beginning of a Mania Phase in this silver bull market in my article the Silver Rocket. If we are in the Mania Phase, the game has changed already. Things that worked in the past will no longer work in the future. Traders that don’t see the sea change will either be left off of the rocket or burned. Those that short silver with leverage in the Mania Phase will be wiped out as the market stays irrational longer than they can stay solvent. Ultimately these silver shorts are the ones that will send silver to the moon because they HAVE to buy or risk bankruptcy.

Silver traders may sell silver at a “top” and when they see silver keep going higher. They will eventually get back into the market buying less silver for more money. They will learn this hard lesson once. They will get back into the silver market and stay in.

I have had my run ins with more than one trader who has said that it is frothy and it time to short silver. The very well respected David Morgan thinks we are going to have a pull back in silver. Even one of my favorite analysts of the silver market, Adam Hamilton of Zealllc., is saying we are in unprecedented territory as silver is 50% over its 200dma. The very fact that I am spending so much time talking about silver this delivery month of March, would seem very bubble like. For the reasons stated above and many more, I think we could be seeing the Silver Door closing. If that is the case, then these traders could be in a very dangerous space.

I would caution traders that silver has or will decouple from the control of the Elite into the hands of the Aware. If you are taking “FRN profits” that is one thing. If you are shorting silver, like some guys I know, be prepared to be swept up in the largest short squeeze of all time. (Remember, you don’t have the luxury of the Fed’s printing press to back you up.) If we are truly in the Mania Phase of the Silver Rocket there might not be a way back into the market, IF you think like a trader.

I would also caution silver buyers, do not ever use leverage in this most volatile of commodities. Stick to physical silver in your possession only. I watched my holdings take a 60% hit in 2008. Thankfully I was in physical and knew enough to buy more when silver was on sale. If I were buying today and did not have a single ounce, I would be buying a good first shot right now to have something. I recommend averaging in on a weekly or monthly basis. Think of just trading your fake digital and paper money for the real stuff and it becomes less scary. Find your own comfort level and do your own due diligence. And for Pete’s sake, don’t panic if a hit does come. (It looks like they tried last Thursday and Friday. All of that work shorting silver got reversed in a few hours to finish 1.7% higher.)

If silver does what it did in 2008 and dumped 60%, would you have enough confidence in buying more or would you be selling into that trap? If you said you would be selling then don’t buy now or ever, because you are weak handed. You will have your money taken from you and be left with no metal. How sad.

If that if that happened again would you actually be a little excited to buy more at a discounted price? Then get going and buy now. Be sure leave some powder dry for the smack downs. 10 am EST seems to be a good time to buy just about everyday thanks to Blythe…

I will sleep soundly regardless if silver dumps or moon shots in the near term. I have seen this movie before and I know the ending. All of the dramatic plot twists mean nothing to me. In the end, the good guys ride off into the sunset with their girls, guns, and sacks of silver.

Wake Some People Up!

Gonna be interesting to see whether the white metal continues to rise the way it did last week. Silver bugs would def be happy about it.

A very nice video which proves that the silver market has been constantly manipulated in the last 5 years during the US trading sessions, while it mostly rose when the US market was closed. Shamed be he who thinks evil of it.

Those who agree to getting paid in paper dollars instead of physical silver, currently get a silver price of a whopping $62/oz.

They might have been able to avoid their margin-calls today, but tomorrow won't get any better for them. It's time to burn these bitches.

all lease rates above 1%. take a close look at the 30 day lease rate where it registers 1.2% and it is higher than the 60 and 6 months and 1 yr lease rate. What does this mean? Simple!!! there is no silver at any vault.

Silver easily crossed the $33 level in Asian and early European trading this monday. Some more $$ are waiting to finally go into the silver bugs pockets this week.

Silver’s backwardation has deepened with spot silver at $30.16/oz, March 2011 contract at $30.13/oz and April’s at $30.00/oz. While spot silver has risen nearly 1% so far today, the July 2012 futures contract was down 0.187% to $29.81/oz.

Those with concentrated short positions in the silver market (as identified in the CFTC investigations), such as JP Morgan, will be very nervous about the extent of this demand. Any effort by them to extricate themselves from these substantial short positions may lead to the squeeze that has been anticipated for months.

This means that silver’s nominal high of $50/oz will likely be seen soon rather than later. As we have been saying since 2003, the long term inflation adjusted high of $130/oz remains a viable long term price target.

There's just one recommendation we can give to anybody: continue to pump every dollar/euro/yen in physical gold and silver, regardless of what the many critics are saying about precious metals being overvalued. They have no clue.

"Bankers said at least five miners had hedged a portion of their silver output in recent months, either by selling future production ahead of time at a fixed price or by buying options to protect against falling prices. This has helped push the market into "backwardation" – an unusual condition for silver in which the price for future delivery is lower than for immediate delivery."

This means that they are short silver on the COMEX now. Probably the bankers told them that the silver price will drop heavily. Funny

Full-blown backwardation has arrived in the COMEX silver futures market. Backwardation suggests that competition for whatever metal is available is heavy and most analysts consider silver backwardation to be a decidedly bullish condition.

[04:45 pm] Silver Bugs, be happy. The ideal constelation for a rising silver price has come - the main fear of the cartel: Backwardation.

The gold bugs will profit from this situation as well, but silver will be the driving force.

Is a big precious metals rally coming? We think, Gold will reach $1600 in the coming months.

Meanwhile physical demand is incredibly robust from the eastern hemisphere creating a floor on the downside preventing a further breakdown. There are certain banking interests which have been making an effort to keep a lid on prices of gold and silver, and as I mentioned they are being met by intense Asian demand as well as savvy traders lining up to buy this drawdown in both gold and silver.

Watch out, the big boys intend to intensify their commitment in the precious metals markets. At the moment many anxious investors sell their PM. Fortunately, this PM goes directly into the right hands. Very intelligent people with very big pockets, who do not enter the market just to make a quick buck. We'd rather say that they wanna see their investment make a profit of at least 100%.

But this wasn't the main reason. The big players wanted to show the world that they are the boss of the precious metals paper markets. The suppression might continue until January 27, which is the day of the option-expiry on COMEX.

Is this the real reason why they knocked down the gold price in a very brutal way? They wanna urge the speculators to sell physical silver by any means. This won't work forever...only until gold and silver finally explode to the upside.

Beginning in the London gold market over a year ago, and now rumored to be occurring in New York’s “Comex” silver futures market, buyers who have legally contracted to take “physical delivery” of the metals they have purchased are said to be accepting large, paper bribes to accept a “cash settlement” instead

Apparently they are already blackmailing people with big bundles of cash to make them renounce on physical delivery of the metal. You see how tight the silver market already is. The price manipulation will be over soon and then it's time for the eruption of the silver volcano.

"Our friends at GoldCore have summarized recent shortages in the silver market and provide some observations on what this could mean for future silver prices. Curiously, the lack of inventory has happened even as the spot price of silver has consistently declined over the past week (if nominally the decline has been very modest). Just as curiously after the US Mint reported a massive surge in buying, the number of January sales has been fixed flat at 3,407,000, where it was a week ago, and indicates that either buying interest has ceased overnight (unlikely), that the mint is not updating its numbers (likely), or, worse, that the Mint has now stopped selling any form of silver for reasons unknown. Although at the end of the day the only question worth asking is whether JPM feels lucky (again): as we posted last week, the firm has received "grandfathering" protection from position limits, arguably the biggest reason for the recent drop in the precious metal price."

The silver market is very likely to blow up before the gold market does. And we get closer to this point with every single silver ounce sold, no matter if officially confirmed by the mint or not.

We don't care. We are happy because we have more time to load the boat. In the coming months / years the Silver manipulation will definitely end because there will be a dramatic run into physical precious metals. The first signs: US Mint Reports Unprecedented Buying Spree Of Physical Silver

Three days ago we noted that in just the first week of January, the US Mint had sold 2,221,000 ounces of silver "a number which if run-rated would be an absolutely all time monthly record," A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010. [...]

Mike Krieger presents the following disturbing observation on this trend: "In the first 12 days of January 3.4 million silver eagles have been sold. I have never seen anything like this. The amount of physical being taken off the market on this paper sell off is EXTRAORDINARY. We must be VERY close to the end." Whoever has adopted JPM's legacy paper silver short position is in for some very troubling days ahead.

Something real big is going on right now. Indications are completely contradictory at this point. On the one hand the paper price of silver is sinking and on the other hand news like the one up above are coming in, which say that the physical supply situation is absolutely tight and coin sales are bigger than ever before.

If demand continues to be that huge, there's just one thing left to say: Game over for the gold cartel.

Many institutions now claim delivery of the physical metal. A default of the comex seems more and more likely.

So they were hardly able to chase the longs out of their positions. Seems that the whole manipulation doesn't work as good as it worked in the past.

Watch the OI closely. Blythe's former traders are advising major hedgefunds and billioniare investors to buy up as many contracts as possible as March 1 approaches and deposit the cash needed to stand for delivery for the month of March. The purpose is not necessarily to bust the Comex but to force the Comex to pay a premium (some as much as 30 percent) for cash settlement. Think about it. If a group of hedgefund gets together and bankroll $1 billion, they can buy more than 30 million ounces of silver. Of course, the contract sellers like The Morgue cant deliver the silver so a cash settlement is the only recourse. So what's wrong with $200 million in profit on a $1 billion investment that takes less than 4 weeks total?

The barrage to get investors to dump their gold is on in full force, after one after another media outlet takes turns to guarantee that a day of profit taking in an asset that two days ago was trading at its time highs, and experienced an uninterrupted 30% run in the past year, means the rally is over pretty much in perpetuity. The motive is clear: get people to abandon the safety of hard assets and throw their lot into the ponzi scheme

So the 'system' wants to start out the year with a rescue of the system. Wonder if that will help?

A gold standard would definitly bring the system down to a solid basis again. But at this point it's the most unlikely thing to happen, cause gold is th most dangerous natural enemy of the fiat money system, because of the fact that it is limited. There's only as much gold available as people dig out of the ground, which means that money could only be created when new gold is produced. This means that the money supply can grow in the long-term, with gold constantly being produced by the mining companies. But it can only grow to a limited/reasonable extent, which means that there's no stupid paper printing day in day out by the central banks.

But the elites won't simply approve when someone brings up the suggestion to implement a gold standard. A real crash will be necessary to show the necessity of a new system. 95% of the people will have to sink into poverty first, then they'll be open to think about real money instead of downloading the latest apps.

The kicker: a JPM insider has told one of the bears that there is no commercial silver left, "it's all smoke and mirrors, and the CFTC can do nothing about it other than pray."

There's no physical silver left, only paper. Therefore we suppose that 2011 is gonna be an amazing year for the silver price.

The sudden and massive increase in their short positions in both metals is conspicuous when compared with historical trading patterns. The fact that it occurs at a time when the US banks that are mega-short appear to be covering makes it doubly intriguing. It looks like a strategy to shift suppression and manipulation of the market to banks that are not under the direct supervision of the CFTC. Will these non-US banks be expecting to receive an exemption to position limits where US banks might not be successful?"

The bank, which joined Goldman Sachs (GS.N) and Morgan Stanley (MS.N) at the top tier among commodity traders with the acquisition of the RBS-Sempra operations earlier this year, is reducing a large position in U.S. silver futures, the Financial Times reported on Tuesday, citing a source familiar with the matter.

They might have reduced their short positions a little bit, but they still hold most of them. The silver price will rise to a completely different level when they close all of their shorts. Unfortunately they won't do this voluntarily, until physical demand for silver forces them to close their shorts with huge losses.

If they have been selling futures without an offsetting hedge since 2008, the banks would have missed out on the biggest silver rally since the Hunt Brothers attempted to corner the market 30 years ago. Recently, prices have surged three-fold, topping $30 an ounce last week, strongly outperforming gold in the past few months.

And the same thing applies for the gold market, of course. Gold made a new ATH yesterday @$1429. It seems more and more likely that the $1400 is an absolutely critical barrier for the gold cartel, cause from now on, the escape of the masses out of paper money into gold and silver can start anytime. We have already seen days when gold climbed more than $50 per day and silver more than $1. Watch out for the days when gold climbs $50-$100 and silver 3$ per day. Then you'll know that the final of the endgame has begun.

Right now the cartel is pretty successfull with keeping gold below $1400. Let's see how long they succeed.

[02:30 pm] The demise of the gold cartel: Adolf As Jamie: Artist's Impression Of JPM's CEO Hearing That Silver Is Trading Over $500

The Silver Door Is Closing