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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.


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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!
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.


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.