Message:

<p>[QUOTE=&quot;doug444, post: 1514747, member: 38849&quot;]For peacepeople and desertgem and a few other good-natured skeptics, here is an excerpt from Friday&#039;s commentary by Bill Holter of Miles-Franklin bullion brokers:</p><p><br /></p><p style="text-align: left"><span style="color: black"><font face="Times-New-Roman"><font face="Arial">&quot;...All that is needed is just one billionaire to place an&nbsp; order on the COMEX for Silver and POOF...it&#039;s all over!&nbsp; Seriously, this is&nbsp; true, just a single $1 billion order would basically wipe out ALL deliverable&nbsp; silver held at the COMEX.&nbsp; Not only that, I suspect that if a huge order came&nbsp; through (which is discouraged by position limits on the long side), much of the&nbsp; supposed &quot;deliverable&quot; silver would change categories or even evaporate prior to&nbsp; being delivered.&nbsp; Think about how small $1 billion is.&nbsp; It is equal to roughly a&nbsp; mere 8 hours time of which our government borrows 24/7.&nbsp; It is like going to bed&nbsp; and getting a good 8 hours of sleep...wake up and we borrowed another $1&nbsp; billion.&nbsp; Only in this case, once this market gets broken and trust me, $1&nbsp; billion will do it, we will go to sleep, wake up, and no silver will be&nbsp; available.</font></font></span></p> <p style="text-align: left"><span style="color: black"><font face="Times-New-Roman"><br /></font></span></p> <p style="text-align: left"><span style="color: black"><font face="Times-New-Roman"></font></span><span style="color: black"><font face="Times-New-Roman"><font face="Arial">Putting the gold market aside, what&nbsp; really will happen when the COMEX silver pit gets broken and cannot make&nbsp; delivery?&nbsp; Obviously, the price of silver will rise.&nbsp; It will rise because the&nbsp; shorts will get scared and buy, the specs will get greedy and buy BUT, the real&nbsp; catalyst will be sellers, or lack of!&nbsp; When sellers, whether they be paper or&nbsp; physical, get a whiff of this, they will pull their offers and create an upside&nbsp; air pocket where anyone who wants in...will have to do so at much higher&nbsp; prices.&nbsp; The physical sellers will probably go into TOTAL hibernation for a&nbsp; spell where they will not accept any amount of fiat paper until they can &quot;trust&quot;&nbsp; what it is that they are getting in return of sale.&nbsp; A busted silver market will&nbsp; spill over into everything.&nbsp; This one &quot;little white lie&quot; will expose many and&nbsp; far larger lies up to and including the fact that the entire system is a Ponzi&nbsp; scheme.&nbsp; It is really this simple, Silver CANNOT be allowed to be &quot;outed&quot;&nbsp; because it will expose everything else, so don&#039;t hold your breath for a&nbsp; miraculous CFTC ruling, failure to deliver WILL be the catalyst.</font>..&quot;</font></span></p> <p style="text-align: left"><span style="color: black"><font face="Times-New-Roman"><br /></font></span></p> <p style="text-align: left"><span style="color: black"><font face="Times-New-Roman">GLD, SLV, and COMEX are fragile, manipulated, regulators-be-damned entities.</font></span></p> <p style="text-align: left"><span style="color: black"><font face="Times-New-Roman"></font></span><span style="color: black"><font face="Times-New-Roman"></font></span></p> <p style="text-align: left"><span style="color: black"><font face="Times-New-Roman"><br /></font></span></p><p>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in