Cartel Dumps 225 Million Ounces of Paper Silver Over 30 Minutes As Gold, Silver Raided
Wednesday, February 29, 2012
*UPDATED with TD Ameritrade Volume
We reported a few minutes ago on the gold & silver raid in progress. The cartel raids have now smashed gold over $82 from $1788 to $1706, and silver close to $4 (10%!!) from $37.62 to $33.68. Also notice the classic mini-parabolic moves to the upside immediately prior to the raid- absolutely CLASSIC CARTEL ACTION!
The raid began at exactly at 10:00am EST coinciding with the Fed’s release of its monetary policy statement to the House Financial Services Committee.
For those who claim these immediate waterfall gap-downs in both metals were as a result of Bernanke’s dissapointment in no further QE, please realize this occurred exactly as the full report was released, and note the massive paper volume of 225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES used to smash gold by $65 and silver by $2!:
NetDania, while a spot chart- obtains their volumes from futures volumes, and displays the smash visibly the best. BrotherJohnF just published a NetDania screen shot demonstrating a volume of over 20,000 contracts, or 225 MILLION OUNCES of paper silver sold over 30 minutes.