Gene Arensberg: Comex commercials, swap dealers put floor under silver

[PeacePlan]

Submitted by cpowell on 05:02PM ET Tuesday, August 16, 2011. Section: Daily Dispatches

8p ET Tuesday, August 16, 2011
Dear Friend of GATA and Gold (and Silver):


The Got Gold Report's Gene Arensberg reports tonight that the big silver futures players are moving from short to long. Arensberg's commentary is headlined "Comex Commercials and Swap Dealers Put Floor under Silver" and you can find it at the Got Gold Report here:


http://www.gotgoldreport.com/2011/08/comex-commercials-and-swap-dealers-...


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 

[QE Is Theft]

Interesting news.

As an aside, is it possible the gold cartel could crush the gold and silver price via short selling futures contracts and leasing gold/silver, and thus CREAMING everyone who's invested in gold/silver as safe havens and subsequently forcing them back into 100% fiat?

Or has the cartel already exhausted it's resources?

 

[PeacePlan]

Interesting

Is it possible the gold cartel could crush the gold and silver price via short selling futures contracts, and thus CREAMING everyone who's invested in gold/silver as safe havens?

They do it almost every month just before the option expiry which I believe is next week. You say crush and I would say they can take it down some but when they do buyers come in and grab the physical and drive it right back up and force the shorts to then cover.

 

[QE Is Theft]

Yeah, I know about expiration manipulation (former Cafe member).

When I say "crushed" I mean take out almost all longs in brutal fashion and force them back into fiat.