Lebed.biz Alert – Silver Manipulation, LOAD UP on calls!
What we are currently seeing in the silver market can be described in no other way than massive manipulation by JP Morgan, who controls the paper market in silver.
The movements in the paper price of silver we are seeing right now in NO WAY reflect the true supply and demand for physical silver.
U.S. Mint sales of American Silver Eagles broke a record in January! U.S. Mint authorized buyers purchased a total of 3,592,500 Silver Eagle coins in January! Only one January had previously broken the 2 million mark, January of 2008. That’s more American Silver Eagles sold in one month than the entire year of 1996!
Check out this chart of the annual sales of American Silver Eagles:
JP Morgan has done a good job at flushing out paper silver longs and demoralizing them, by driving silver down through all of the moving averages. However, while JP Morgan may have won game 1 in 2010, they have yet to win the set and match.
If this flush out isn’t over now, it is close to being over. It may be time to literally LOAD UP on SLV calls big… mainly the longer term ones like the January 2011 $20 calls, currently $0.80.
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Jonathan Lebed
Lebed.biz
Staff
Lebed.biz
Staff
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