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Silver Smashed to $33.50 As 50% of US Annual Silver Production Dumped on Market in 5 Minutes

Apparently Blythe’s monkey’s are burning the Sunday midnight oil in order to prevent silver clearing $36 and triggering JPM’s rumored silver derivative losses.

A miniature replica of the May 2nd, 2011 drive by shooting was just completed, as silver was knocked down the proverbial mine-shaft moments ago, dropping nearly a dollar in nano-seconds on Monday’s Asian open.

http://www.silverdoctors.com/silver-smashed-to-33-50-on-asian-open/

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Passport please! What is in your crates? You must declare.

[NY Airport, September 2012. Asian flight arrives with many wooden crates. Passengers arrive at customs with massive pile of wooden crates.]

US Customs Agent: Passport please. Anything in those crates to declare?

Silver Trader: Those wooden crates? Well...

Customs: Where are they from & what is inside?

Silver Trader: Mostly gambling winning. From Hong Kong.

Customs: Any fresh fruits or vegetables?

Silver Trader: No.

Customs: You must declare cash for amounts over $10,000.

Silver Trader: No US Dollars.

Customs: Any other cash? ... Equivalence in US Dollar value please.

Silver Trader: Well... It is gambling winnings.... No. I didn't count it on the table... Maybe around $550 million. Just a guess.

Customs: Put the amount & your signature on your declaration form please... Thank you. You may pass. Exit to your left.... Next!
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Volume data indicates that 3,297 contracts, or 16.5 million paper ounces of silver were dumped on the market in a mere 5 minutes between 9:00 and 9:05pm EST. In other words, approximately 1/2 of the entire US annual silver production was dumped on the market by the cartel in a 5 minute period on a Sunday night.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I wish

I wish silver would drop to $25.00 a ounce. I have $5,000.00 FRN to buy more silver with. Besides the FRN are burning a hole in my pocket LOL ;D

sounds like an opportunity to

sounds like an opportunity to get some good deals on silver.

I cried when I saw that this

I cried when I saw that this morning. Oh well, they can't keep that dog down forever. Guess I'll buy some more.

Southern Agrarian

I wonder

if the silver they dumped is lead filled silver bars.

http://about.ag/LeadFilled100OunceBars.htm

Okay I'm no great math whiz

but I'm thinking 50% released and the price of silver went down "only" less than a dollar? That says something to me but I can't really wrap my arms around it. Like maybe shouldn't silver have dropped waaay more? (Not that I want it to for sure.)

Freedom is not: doing everything you want to.
Freedom is: not having to do what you don't want to do.
~ Joyce Meyer

SteveMT's picture

Silver currently at $33.90

How many times has this been done? This attempt will also fail with all of the ravenous money printing going on in the world.