Silver Update

As you well know yesterday's raid was a well planned one orchestrated by the banksters with the help of the regulators. How nice, they work together. They planned the combined short paper trade with a hike in margin requirements at the CME.

And it wasn't entirely at the comex. China decided that the demand for silver was getting too hot so they decided to raise their forward margins (Reuters). At the height of the tech bubble china lent the US billions in Silver in exchange for bonds. Now they want their Silver back. US says, Nah! So they have to buy it back. They dump the bonds, raise cash and are buying silver hand over fist. Except Silver prices are getting way too hot,  so they knock silver down only to buy it cheaper.ah games people play! 

What is crazy is the demand for the metal is so white hot that a day or two is all they get in. So like I have been saying, follow the checklist when the raids come.  

You will thank me when Silver is 80/oz. Remember I am one of the only guys out there who called 50 dollar Silver by June 2011 on Jan 3rd, see my post. Now 80 looks absurd to you. 50 is gonna look real cheap in a little while.

Enjoy this day! Remember to take some profits on the way up so you can buy on the way down.