Wednesday, August 24, 2011

SmackDown Continues....Silver to $39.

Cartel successful in driving silver down to $39...silver now down $3 on the day, $5.50 since Tues afternoon.
It appears they are attempting to run the stops and challenge major support at $38. 
As stated earlier, we can see this continuing at least through Friday morning prior to The Bernank's statements.
Again, remember that silver options expire tomorrow, and The Bernank gives The Fed's FOMC statements Friday from Jackson Hole.  Yesterday and today is simply classic cartel action.
The cartel is literally as predictable as The Doc's grandmother.

Use their predictability to your benefit by using the discounts to accumulate MORE OUNCES of physical!
Continue to professionally accumulate INTO this price weakness! This means here and now!

Live 24 hours silver chart [ Kitco Inc. ]