Sunday, April 24, 2011

$48 Silver No Longer a Conspiracy - Silver Gaps Up on Asian Open

The $48 silver conspiracy lasted a whole 48 hours before Asian trading confirmed reports of $48 silver.
It won't be long until the real "conspiracy"- JP Morgan's massive manipulation of the silver market using naked shorts of ~ 3.3 Billion ounces of silver is likewise confirmed. 

Silver didn't quite gap up to $50 on the open , but it has run up to the $48 level.

We believe a CME margin hike tomorrow is now imminent- we'll see if they can make the announcement soon enough before silver passes $50 and generates major headlines.