My blog will not be composed of mega paragraphs and too complex statements. The idea is to guide my viewers in a simplistic way, similar to the bears videos and give them an edge of some sort in this fraudulent, decepticon market called the COMEX.
That being said, today we saw about 600,000 oz of gold settle for fiat dollars at a fantastic fiat premium albeit.
Silver arena was a little different and what I expected. There were massive withdrawals from the registered vaults today to the tune of 1,118,530 oz. Only roughly, 25,000 oz took fiat at a premium....the rest are staying on board for the ride into March (Bullish).
You have to watch the SLV inflows and outflows as well. This is key in the manipulation scheme. There is nothing better than selling than something you dont own. This SLV ETF, will be the single most problem moving forward. To quell the POS (price of Silver), Blythe can call down and tell them to post some phony bs data of outflows. Sheeple not in the know see this and sell the ETF even though no physical silver was removed. Hence, this is a massive tool for Blythe. As we move forward, we will see major discrepancies between paper SLV price and physical real market demand.
Quick news updates: ASE (American Silver Eagles) had a better rating than American Idol as they sold more than 6.2 million of them. EPIC. Nuff said.
Oh and Egypt is burning. And Jordan soon. And Algeria. Albania caught whiff and wants to play too. I hope you see where this is going.
I leave you with my boy Peter. Enjoy.