Now that silver has broken decisively below $35, it looks like the cartel will attempt to induce another push towards the lows. Look for large buying to emerge near $34, which will only increase if the cartel can push silver back towards $32. If $32 does not hold, a new wave of selling could push silver all the way to $28-$30. As long as you're in physical, these games are meaningless to your long term position, and are in fact helpful. Continue to accumulate physical silver as Blythe gives you discount after discount. You should be buying silver now (~ 10am-noon appears to be the best time currently), and increase the size of your buy orders if/when the cartel is successful at pushing silver down to the above numbers.
In the bigger picture, the cartel is really not having that much success with gold. They are playing the same game, but gold is taking it like a man right now. The cartel has thrown everything at the metal the last 4-5 days, and gold is still trading at $1515, a solid $15 above the critical $1500. Euro debt/collapse fears are proving just too much for the cartel to overcome. Traders around the world want to own gold to protect their assets from devaluation and default, period. The trend will only intensify as the crisis progresses.
Try to take a few steps back and look at the big picture. Nothing has changed, both silver and gold's fundamentals have only improved over the past month. Hold on tight, the cartel is only increasing the frequency and intensity of the manipulation because they are becoming more and more desperate. There's only 28 million registered silver ounces remaining at the COMEX. These people will not simply give up and go home. Their game is ending, and they will respond like a caged tiger.
Too bad they've already lost the war.
