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Any idea why PM's are dropping like a rock?
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<p>[QUOTE="InfleXion, post: 1680008, member: 29012"]I can think of a few, and the answer is not because physical demand is staggeringly high, because it is. </p><p><br /></p><p>1. Last week JPM was given the green light by the CFTC, knowing that even with multiple advance timestamped e-mails as evidence they will not be prosecuted for rigging the silver market.</p><p>2. Bank runs in Cyprus going on mean that there truly is no better time to hold metals down lest the masses get tipped off as to their true nature. BitCoin is now the beneficiary as the only free market currency/money in the world.</p><p>3. Both gold and silver are close to technical breakdowns, and with the Chinese going on vacation from markets for a couple more days this week the US markets are ramping up for another bear raid, in spite of increasingly bullish fundamentals. </p><p><br /></p><p>It's all about perceptions, for now. Cyprus could be the tip of the iceberg if this situation is not handled very delicately. Why the bankers would tip their hand over a measly 0.2% of the EU economy leads me to believe these events were intentional.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1680008, member: 29012"]I can think of a few, and the answer is not because physical demand is staggeringly high, because it is. 1. Last week JPM was given the green light by the CFTC, knowing that even with multiple advance timestamped e-mails as evidence they will not be prosecuted for rigging the silver market. 2. Bank runs in Cyprus going on mean that there truly is no better time to hold metals down lest the masses get tipped off as to their true nature. BitCoin is now the beneficiary as the only free market currency/money in the world. 3. Both gold and silver are close to technical breakdowns, and with the Chinese going on vacation from markets for a couple more days this week the US markets are ramping up for another bear raid, in spite of increasingly bullish fundamentals. It's all about perceptions, for now. Cyprus could be the tip of the iceberg if this situation is not handled very delicately. Why the bankers would tip their hand over a measly 0.2% of the EU economy leads me to believe these events were intentional.[/QUOTE]
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