Message From Max
posted on
Nov 19, 2010 10:48AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Just posted by Mr. Pro Silver himself...
Regards - VHF
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As I predicted earlier today when Silver was busting out, look for a sharp reversal at some point . . .
Max Keiser
November 19, 2010
As we see with this chart, the JPM Silver manipulators are selling lots of naked contracts right now jamming the Silver price down – trying like hell to get a sub-$25 print at the close today – an option expiration month (thus avoided having to re-hedge their books on the roll using A LOT of cash – plus the possibility of having to disclose some realized/unrealized losses on their upcoming 10-Q). My understanding is the Silver vigilantes – pumped up with confidence after Andrew Maquire’s recent CFTC testimony blowing the whistle on JPM and HSBC – have spring loaded a major assault for later today. If successful, the Silver vigilantes buying power could take out a whole lot of stops all the way up through $30. If the Silver vigilantes are going to be successful they have to step up to the plate today and deliver a resounding blow to JPM. If not, then all the talk we hear coming out of Sprott and other places is mostly hot air, which is not to say that a failure today would put the kabosh on the ‘Crash JP Morgan Buy Silver’ campaign. Far from it. It justs means that we’ll have to be a little more patient. Anyone interested in speeding things up and putting JPM six feet under quicker – buy some ounces of physical. Every ounce off the market puts another Silver nail in JPM’s coffin. For readers of my blog, I am recommending no more than 1 or 2 ounces to purchase for political activism purposes. This is not an investment recommendation but a political action recommendation. If you are seeking investment advice – consult a registered investment advisor.