ed steer on market manipulation:

"Activity such as we saw yesterday is the most visible, and shocking, form of market manipulation possible. It can't be any plainer than that. The world is in the grip of the biggest financial, monetary and economic crisis ever...and the precious metals were pounded into the ground...and in the case of silver...well below its cost of production. Yet the CFTC, with its new investigation into price management in the silver market, hasn't found a thing yet...and if they have, they're not telling us...or doing anything about it.

Yesterday's activity is a prima facie case for price fixing by the '2 or 3' American bullion banks. Of course the precious metals miners will never admit that the price for their primary product is managed. Just take a look at silver producer Coeur D'Alene as an example. According to its last financial release, they were losing money when silver was $17 the ounce. Why are they even in production at these prices? Has any precious metals mining company admitted that there is a problem and that they plan on doing something about it? Not on your life! To mining companies, shareholders are a nuisance that must be tolerated."

http://caseyresearch.com/displayDrp....

actually there is one company that will be profitable at these silver prices, and it's right here.