I wrote an article a couple weeks ago called $36 Silver- The Bankster’s Waterloo? In the article I pointed out in the month of March there was a seemingly line the sand that the banksters were trying to hold silver at $36. Two trading days later, silver broke through $36 and has added $3.60 or 10% on to the price of silver in two weeks. I think it is important for you to understand that while all of this may be seen as speculative and frothy, you ain’t seen nothing yet. I believe the intermediate picture is much more bullish.
“They are in front of us, behind us, and we are flanked on both sides by an enemy that outnumbers us 29:1. They can’t get away from us now!”
– Lewis B. “Chesty” Puller, USMC
During the Korean War the 1st Marines were taking the battle to the Communists, until China got involved. The 1st Marines were then cut off and behind enemy lines. The Marines were left for dead by the Army as over 200,000 Chinese troops surrounded the 20,000 Marines in the 1st Mar Div. To complicate matters further, it was one of the coldest winters ever in Korea, with temperatures -50 below freezing. Through the powerful leadership of one of the most decorated and charismatic Marines, Lewis “Chesty” Puller, the Marines beat all odds and pulled off the most amazing “retreat” ever recorded in military history. I say, “retreat” because under his leadership, he saw it as fighting in another direction. During the “retreat” the Marines inflicted some of the highest causality ratios on an enemy ever in history. After 17 days of fighting the Marines made it out of that precarious situation with only 836 Marines killed.
“Our Country won’t go on forever, if we stay soft as we are now. There won’t be any AMERICA because some foreign soldiery will invade us and take our women and breed a hardier race!”
-Lt. Gen. Lewis B. “Chesty” Puller, USMC
The reason why I bring up the Chosin Reservoir is not to compare the criminal bankster to my Marine brothers, but to show that they are in a indefensible position with silver and must retreat. When you see the complete picture of silver as I laid out in the Silver Bullet and the Silver Shield, you will see that the banksters are fighting a losing battle. For years they have been able to suppress the silver market with all sorts of paper instruments like naked shorting, ETFs, unallocated accounts, leasing, mining stocks and other means. Now the game is up, and the market only wants physical silver in their possession.
What are the banksters to do when they have been caught trading 45 to 100 ounces of paper silver for every physical ounce they actually have? Or if they have trillions of potential derivative losses associated with silver? Or worse if the 8 largest banks have a combined short position on silver of 150 days of GLOBAL SILVER PRODUCTION? They can’t just give up they would slit their own throats as silver would absolutely moon shot if the truth ever go out there. The only logical choice for them is to try and unwind the positions by a slow methodical retreat. So instead of holding silver down at all costs, the banksters have switched to a strategy of slowing the inevitable rise of silver at all costs.
I believe that the call for retreat in the silver market happened the week before September 1st, 2010. JP Morgan, the biggest bad guy in the game of silver suppression, closed it’s proprietary trading desk for commodities on September 1st, 2010. (Source.) Look at the price action of silver since the retreat began. At some point their defensive lines are going to get out flanked, and the Banksters will be overwhelmed as silver takes off and their lies are exposed. At that point, you will either see the greatest gap up in price ever or you simply will not be able to trade your fake money for real money ever again.