The CFTC just released the latest Bank Participation Report and it's a DOOZY!
After months of reducing their huge concentrated short position in silver...THE BAD GUYS HIT A WALL. Once they got the price of silver down to $18/oz they could not rig the price further down to cover positions so they started pulling the same old stunt by shorting the rise back up.
This latest report shows that in the rise from $18 to $20 the banking cabal sold short about 28M oz of silver. Just imagine what would have happened to the price if they had NOT sold all that paper silver!
The Bad Guys are trapped and they know it. The Good Guys know it. Other traders know it. The CFTC knows it. Even YOU know it.
Watch for the MAJOR fireworks to come as we slide into the abyss.
Have a nice restful weekend...I know the Bad Guys won't!
Bix
My comment: I believe we will continue to see volitility and raids as the criminals try to protect themselves. JPM and company are like cockroaches. They are everywhere, they crawl on tehir bellies, they thrive in sewers, you just can't get rid of them, you can't change them into something pretty, and they are disgusting.
