More classic cartel action in COMEX silver today folks. Blythe took silver on its morning toboggan run down the mountain with the COMEX open, which appears to be back to a daily ritual. As we have repeatedly stated, don't be discouraged by the reappearance of blatant cartel take-downs in the silver market. Realize that these take-downs, which are becoming more and more obvious and blatant, reek of desperation by the silver shorts (The Morgue and HSBS). As we stated last night, with
COMEX registered silver supplies down to 28.8 million ounces, the physical situation in silver is rapidly deteriorating for our beloved banksters.
If anything, Blythe's repeated take-downs may be helping silver out more than even we could imagine from a long-term technical perspective, as Martin Armstrong is on the record as stating that the best possible scenario for silver would be a correction or low into June 13th. Armstrong believes a
low on Monday the 13th suggests that silver will make new all-time highs by 2013.
All we know is that if the COMEX continues losing nearly a million ounces of physical every trading day, we may see a fireworks show for the ages come this 4th of July!
