*BreakingIn news that is sure to send Blythe and the cartel into a panic,
Silverdoctors' Asian source has confirmed that the Hong Kong Mercantile Exchange (HKMEx) will soon launch physical silver futures.
While not willing to be quoted on the exact launch date, the HKMEx source implied that silver futures would likely launch in the next month, telling Doc to "rest assured, [silver futures] will launch real soon now".
As our readers are likely aware, a silver futures launch by the HKMEx in the next month would put us somewhere during COMEX' July delivery month on the calender.
As if only 27.7 million deliverable ounces of silver remaining in COMEX supplies and QE3 beginning (unofficially) weren't enough for Blythe to handle in July already, the HKMEx launching silver futures is the last thing the cartel wants to deal with.
HKMEx silver futures should make cartel manipulation even more impotent, by providing longs another option for physical delivery. If the cartel attempts to shake out longs by raising margins every 5 minutes like in early May, longs can simply leave the CRIMEX all together, and take their business to the HKMEx.
This is likely the reason for the cartel's unprecedented gold and silver margin hike spree in early May, mere days prior to HKMEx launching gold futures May 18th, when gold longs could have taken their business elsewhere and held their gold positions.
As we have stated numerous times we do not expect the cartel to go down without a fight, but the noose continues to tighten on The Morgue and friends.
