Tuesday, April 26, 2011

Cartel Caps Gold and Silver for Today's Options Expiry

Isn't it interesting that today is options expiry, and gold is magically down sitting exactly at $1500.
In an un-manipulated market, what are the odds we would be able to correctly predict that gold will close today between $1499-$1499.90?  Ok, we are getting slightly ahead of ourselves, but come-on, how likely is it the cartel will let gold close above $1500 today? These games are so obvious Obama could figure it out.
Silver is down 10% in the day and a half leading up to options expiry as well.  Look for the cartel to do their best to get silver's close under $45 as well.  Yawn.

The members of the physical silver community thank you for your generous discount on silver Blythe.
$5 dips in silver MUST be bought, but some caution is recommended with The Bernank scheduled to give a press conference tomorrow afternoon.  Expect The Bernank to give one final attack on precious metals with some sort of BS explanation of why QE will be winding down (while its full speed ahead behind closed doors).
Have your silver buy orders in place ahead of time, this may be the last great silver buying opportunity we will see!