Sunday, June 10, 2012
Eric Sprott with SilverDoctors: THE SILVER CARTELS HAVE CHANGED THEIR M.O
The Doc sat down with Sprott Asset Management's Eric Sprott this weekend to discuss the European debt contagion, the latest gold and silver massacre, the massive rush into physical metals, and his outlook on gold and silver for the rest of 2012 and beyond.
When asked whether Thursday's gold and silver raid coinciding with Bernanke's testimony to Congress felt like Deja-Vu to the Leap Day Massacre Eric responded "It might be that the silver cartels have changed their MO. The MO used to be that whenever the jobs number came out they'd go to work , which let them take a shot at the markets once a month".
The last jobs report backfired, and of course the jobs reports have been so poor. I think the key thing for the cartel is to time it, and to know when to do it. Three or four guys acting together can have a bigger impact if you all know exactly what second we're going to do something.
Of course Bernanke releasing his comments at exactly 10am is the perfect time. Ok, let's knock gold and silver down. It theoretically make's Ben's remarks seem all the more important, although you see the action in the market before anyone's even had a chance to read his comments, but it sort of reinforces it.
I would not be surprised that the MO has changed, and now we do these things when Bernanke speaks or when the Fed announcements come out at 2:15 on June 20th next, that's when they'll act. They like to know when they have a common time when they can all go into shorting mode.
comments powered by Disqus
Silver towne, united states
3900 Rd, Independence, KS 67301, USA
silver, silver news, silver investment news eric sprott, silver cartel, silver galeforcesales, silver investment, silver investment news, silver manipulation, silver news, silver news galeforcesales