Duff:
1. Precious metals market is highly manipulated. - silver margins have been hiked 4 times in 8 days - it is unheard of. JPMorgan holds a massive short postion in silver.....hitting $50 an ounce put them in a very bad position.....and so, they make it move.
2. Inflation fears are subsiding and now deflation fears are starting - why? In order to get QE3 going, the FED needs some type of a crisis to get it 'allowed' -
3. It never says what 'type' of silver Slim is selling...he is probably dumping his paper silver - shares of SLV ETF - it will artificially drive down the price of physical silver and then they (he) can buy the real stuff cheaper.
What I find interesting.....u would expect a USD rally when gold and silver tank - it has not happened. USD is still flatlined and dropping....so, something has to give.
Soros and Slim and Portugal (to raise cash) are selling precious metals (PMs) while China and Mexico and Paulson are buying....who will blink first?
I am hoping we get back into the low $20's on silver and I will be looking to buy.
