March is setting up to be a very interesting month for silver. There is a tight and violent action between $36 and $34 silver. This is a battle between the Aware and the Banksters. Sooner or later someone is going to scream uncle, and the Silver Door will be shut for good. On the floor of $34 silver is the Aware that get the paper manipulation of silver. They include you and me, who no longer trust the dollar, stock market, bond market, ETFs, money market, 401k, IRA, pension, Social Security, FDIC, and any other piece of paper with counter party risk. Hell, even PIMCO does not seem to trust the US T bill anymore.
The Aware also includes countries like China that have trillions in our fiat paper debt. China used to be the biggest exporter of silver 5 years ago, and now are the biggest importer of silver. In January, Chinese President Hu Jintao has said the international currency system dominated by the US dollar is a “product of the past”. In February, China imported 245 tons of silver. Follow the money folks.
There are hundreds of reasons to buy silver and very few reasons to sell silver. And for every reason to buy silver, there are thousands of people who will buy and hold. The more physical silver in the strong hands of the Aware, the higher and stronger that floor goes.
The ceiling of $36 silver consists of the banksters trying desperately to control the price of silver. The Elite have all of their power tied to the perceived value of their dollar. They use same old tactics of paper manipulation shorting, leasing and ETFs to keep the price under control.
They also don’t want people to take physical delivery this month, which adds even more pressure to the battle. They only have 40,000,000 ounces in the registered category at the CRIMEX. $1.5 Billion takes away the whole ball of wax. That is literally nothing in this quadrillion-dollar dream world we live in. (read more)
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