Some intriguing scenarios circulating around trying to get a handle on the PM meltdown.

The ones I like stress that the lack of available physical silver, for example, has been a deliberate move on the part of the government and the cartel. Lack of physical keeps it from being priced. If none is available, how can it be priced? Answer: Paper silver can set a price and those selling the paper can make the price anything they want, the lower the better. And in the absence of physical, paper price rules the roost. It's purpose is to keep the big guns and the rest of us who scramble to physical, and the stocks, in time of pending financial disaster thinking twice. It's not a safety net anymore. And they want to keep it that way.

Secondly, gold and silver is in abundance in the ETFs for cartel use, or so it seems, as are swaps of the gold pile in the US reserve. These metals can be and probably are being used to satisfy Indian and mid-east and other demand, as well as end users here and there without gunning the price. We westerners, who are getting pummeled by all this, can yell and scream to the regulators all we want, but being relatively small in number, are simply ignored.

'There are other scenarios for sure. Take your pick.