Gold & Silver Down on Monday Asian Open As Banksters Given Naked Shorting Green Light

[Serpo]

Gold and silver are selling off during early Monday Asian trading, which was expected after Friday afternoon’s announcement that a Federal District judge had struck down the CFTC’s position limits rule, scheduled to go into effect Oct 12th.

Silver gapped down on the 6pm EST globex open, and has continued to sell off nearly continuously in the Asian session, down to $34.28.
Gold is down a more modest $5 to $1765.
As we mentioned Friday night, the ruling explains why the commercials (cartel) have continued to massively increase their net short positions, adding another 6 million net shorts in silver this week, to a massive 258 million ounces net short!

Clearly the judge’s ruling was leaked to the bullion banks well ahead of time, and thus the bullion banks continued to fearlessly add new shorts to both gold and silver to stifle the current rally. Had the cartel not been able to so drastically increase their shorts over the past month, we would surely be already looking at new all-time nominal highs in gold above $1920, and silver would likely be in the $40′s and ready to re-challenge it’s all-time nominal high of $50.35.

http://www.silverdoctors.com/gold-silver-down-on-monday-asian-open-as-banksters-given-naked-shorting-green-light/#more-14721

[mamboni]

Gold and silver are selling off during early Monday Asian trading, which was expected after Friday afternoon’s announcement that a Federal District judge had struck down the CFTC’s position limits rule, scheduled to go into effect Oct 12th.

Silver gapped down on the 6pm EST globex open, and has continued to sell off nearly continuously in the Asian session, down to $34.28.
Gold is down a more modest $5 to $1765.
As we mentioned Friday night, the ruling explains why the commercials (cartel) have continued to massively increase their net short positions, adding another 6 million net shorts in silver this week, to a massive 258 million ounces net short!

Clearly the judge’s ruling was leaked to the bullion banks well ahead of time, and thus the bullion banks continued to fearlessly add new shorts to both gold and silver to stifle the current rally. Had the cartel not been able to so drastically increase their shorts over the past month, we would surely be already looking at new all-time nominal highs in gold above $1920, and silver would likely be in the $40′s and ready to re-challenge it’s all-time nominal high of $50.35.

http://www.silverdoctors.com/gold-silver-down-on-monday-asian-open-as-banksters-given-naked-shorting-green-light/#more-14721

All the cartel can do is delay the inevitable runup of silver and gold. They cannot prevent it. Consider this an opportunity to accumulate more physical metal. My gut tells me that the big money is secretly buying physical - they know the score and will protect themselves. But they will lie through their teeth to the man on the street and tell him that gold and silver are risky, useless and poor investments. The sooner people wake up and start buying physical gold and silver, the sooner they will break the stranglehold of the banksters and be free of their parasitic ways. In the interim, all we can do is convince one friend or relative at a time to protect themsleves with gold and silver before it is too late.

[Shami-Amourae]

Maybe you just misspoke since as I see the price is going parabolic. $35.03 and climbing. Up 1.28% in just a minute or two.

[EE_]

Here's to hoping we hold onto a $1780 close today

[Shami-Amourae]

$35.40 up 2.35%.

Holy crap.

[chad]

some guy from the fed just got on cnbc and was talking about more easing is why.

[Neuro]

Here's to hoping we hold onto a $1780 close today
Hope and change! YES WE CAN!

Gimme Obama Phone!

[JohnQPublic]

Down is up!

[mamboni]

The price suppression of gold and silver is so obvious a caveman can see it. Every time gold and silver gain 1% is whack-a-mole time at JP Morgan. Fuck them! They will lose this fight and be destroyed. All in good time. The mills of the gods grind slowly, but oh so fine.

[Serpo]

gold and silver both gap up on opening today............http://freeserv.dukascopy.com:8080/ChartServer/chart?stock_id=1484&interval=10&points_number=100&view_type=candle&width=238&height=175&show_labels=true&osc_type=-1&rfi=false&osc_height=50&p1=2&p2=3&p3=7&c=28112http://freeserv.dukascopy.com:8080/ChartServer/chart?stock_id=1482&interval=10&points_number=100&view_type=candle&width=238&height=175&show_labels=true&osc_type=-1&rfi=false&osc_height=50&p1=2&p2=3&p3=7&c=281112