"for every pig his Saturday arrives... the day he is slaughtered"
Well, it wasn't very long before this was going to happen. Near Zero contango, its seems everyday more and more 'rare' and unexplainable events are happening in the physical markets.
Zero Contango means that there is not ONE futures contract higher than the current spot price. Add the fact we are in backwardation is incredible. It simple english, this means Blythe is fucked, and there is HEAVY demand for IMMEDIATE delivery of physical silver.
I will touch more on this in part 4 of silver manipulation, as you have no fucking clue how fucked the COMEX is.
Blythe, take a look at the graph below and then look at yourself in the mirror and ask yourself, "Did you really think this could go on forever? Did you think you were above the natural physical market?" You cant print silver. Make sure Ben knows that.
Also from Bloomberg tonight, seems like they are hoping on the silver train, "The decade-long surge in gold attracted fund managers from John Paulson to George Soros and is now spurring central banks to add to their reserves for the first time in a generation. Once written off as demand for photographic film waned, silver found new uses in everything from solar panels to plasma screens, making it the precious metal most used in industry"
You can catch all the bullshit here,http://www.bloomberg.com/news/2011-02-07/investors-102-billion-precious-metals-wager-showing-bull-market-intact.html