This was just posted on ZH a few minutes ago. If you haven't read it, you must do so now. Our frequent commenter, Cris, is going to love this one:
I cautioned last week that the whole JPM-out-of-silver story was bogus. Unfortunately, its quite obvious now that I was right.
The criminal Evil Empire will stop at nothing to please their despotic, soulless masters at The Fed. Our fight is ongoing but we will win. Truth is on our side.
I was sifting through some files this afternoon and I found this report from last summer. Note that it is dated July 23, 2010. That evening, Feb11 gold closed at $1193. In fact, it was just a few days away from making a corrective bottom at $1163. This correction reached almost 9% so Mr. Embry was being quite bold when he issued this report. With the benefit of five months of hindsight, he now appears not only bold but amazingly prescient.
Harvey had an abbreviated post tonight. Here's the main thing you need to see:
"All I can say is that the silver comex is showing signs of panic.
The total silver comex open interest surprisingly rose by 954 contracts to 131,819 from Friday's level of 130,865. This reading is basis Friday as open interest is always one day back.If you recall, silver, even though this metal was punished as the CME raised margins, it bucked all downward momentum to register gains at the conclusion of trading. Most of Friday's gains occurred at 1 pm to 1:30 pm. Today, the banking cartel out of sheer desperation tried again to shake the silver leaves from the Comex tree and failed again!!"
Be sure to scroll down today's other posts if you haven't already. Lots of good stuff there. Thanks! TF