Bigtime buying opportunity! Silver was due for a technical 'correction' and the banksters took it down today in concert with the fear and loathing in the markets.
Max Keiser's take:
JPM’s naked silver shorts pounding the Silver price down to below JPM’s stock price
The cost to JPM is to expand the liability on their balance sheet – of being exposed to hundreds in billions in naked silver shorts. When death to JPM comes, it will be like Enron (who also collateralized its stock price in a massive energy futures scam), and we’ll see a collapse to zero on the stock price in a day. And since JPM is the Fed, JPM will take the dollar down with it. The worst outcome of repealing Glass-Stagall was not the recombination of the ‘casino banks’ with deposit banks, but the new combination of a multi-trillion dollar casino bank (JPM) with the Fed. For this reason, this crisis is worse than than the ‘Great Depression’ as it will result in a US loss of sovereignty.
http://maxkeiser.com/2011/08/04/for-the-3rd-time-this-year-silver-price-popped-above-jpms-stock-price-jpms-naked-silver-shorts-pound-silver-price/
∆∆
| 