It seems the more I hear and read about gold and silver taking off and being the place to be right here, right now, the more the cartel bombs the price and my juniors. I wonder where all this fire power is that's supposed to propel PM prices much higher. So far, the Cartel continues to thumb its collective nose at six packers like me. Maybe someone's laying in the bushes waiting to pounce, but it sure isn't me.
Reading and listening to the likes of Jim Willie, the cartel may have the means to keep this capping going for quite some time having the COMEX settle contracts by using or forcing or bribing with cash or else using the slippery mechanisms buried in GLD and the like.
He thinks the more the cartel keeps this game going the more likely we'll see a two tier system of PM pricing with gold and physical going their separate ways- paper down, physical up. And plenty of problems surfacing that will go with a noticeable and prolonged split. How would the juniors react to that?
Seems a split is already occurring here and there but not as visible as it probably will get.