Thursday, August 11, 2011

Silver Raid in Progress- Taken Down $1.20

Following last night's CME 22% hike of gold margins,  the cartel has resumed their attacks on silver this morning, raiding silver from $39.20 to $38.
Perhaps Blythe is attempting to thank all of our readers who contacted her on her personal blog and facebook page yesterday.
Silver seems to be holding at $38 for now, and is establishing a nice base now in the range of $37.50-$41.
When gold breaks out past $1800 and really starts to run, that should be enough to finally get silver moving quickly to the upside.
Continue to accumulate physical silver on manipulated dips such as this morning's, as well as keeping some cash available to take advantage of any larger dips.

Live New York Silver Chart [ Kitco Inc. ]