Cartel Dumps 102.5 Million Ounces of Paper Silver in 7 Minutes, Yet RAID FAILS!

• The bullion banksters are pulling out all the stops to prevent gold and silver prices from rallying. The reality is: there is enormous demand for both metals but in particular for silver. Silver is a much needed material for the modern economy. All electronic equipment use it. Demand is so strong that even for non-delivery months of Jan and Feb the physical deliveries are at the 5Moz level. Almost the same as for the delivery month of Dec 2011!
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• Gold’s crazy brother will rocket much higher than most people expect and perform better than gold. Based on real inflation statistic (www.shadowstats.com), the inflation adjusted 1980 high of US$50/oz should be about US$515/oz today! I see silver at US$100/oz in 2012!
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  Cartel Dumps 102.5 Million Ounces of Paper Silver in 7 Minutes, Yet RAID FAILS! 
  by http://silverdoctors.blogspot.com/ 
  If you happen to need to take a trip to an NYC ER room tonight and experience an extraordinarily long wait, The Doc’s about to explain why.
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  Silver has put in a monster rally this week, and much to the cartel’s dismay, was preparing to close the week above $35.50 today, preparing a break-out next week that could potentially fill the gap from the September smash to $40, and see silver off to the races back to challenge the all-time nominal highs near $50. Obviously, the cartel stepped in with a massive paper raid to prevent such a bullish weekly close.
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  That’s where things got interesting and likely induced more than a few Myocardial Infarctions today among JPMorgan execs.
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  Check out the following price and volume chart screen shot on this 1-minute silver chart courtesy NetDania.
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  That’s 20,500 paper silver contracts or 102,500,000 ounces of paper silver suddenly dumped on the market in a span of 7 minutes!
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  Now here’s where the collective Myocardial Infarction comes in among JPM execs:
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  After dumping 102.5 million ounces of paper shorts on silver in 7 minutes, silver fails to collapse into a waterfall decline, and STAGES AN OUTSIDE REVERSAL TO CLOSE THE GLOBEX SESSION BACK ABOVE $35.50!!!

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