Repeat After Me: Silver.....
Edgar J. Steele
The financial markets are playing out just as I have said for so long, most notably in Defensive Racism, with but a single exception: silver has come in for an unprecedented pounding the past few days, particularly today when it went into freefall to close down $1.13 per ounce. In the overseas markets, it already is back up by 39 cents of that, but it still is dirt cheap.
They've been doing everything they can to both levitate the dollar and keep the stock market from crashing. What you see happening right now is a controlled crash, controlled by all central banks, not just America's. Why? When America falls, the rest of the world goes with us, that's why.
A lot of what is going on is naked short sales of precious metals - allowing them to climb will be a clear signal and the rush will be on. They can keep these balls in the air only a short time longer.
Why is silver getting a special pounding just now? I don't know, honestly. There is only one reason that makes sense, since the whole silver market is much too small to make much of a difference in keeping the dollar afloat: This could well be the big selloff to dump the weak hands before the big boys climb on board for the express trip upward. That's my story and I'm sticking with it...
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