”Apparently any cartel shenanigans conducted during electronic trading is free game and goes unreported by the regulating agencies.”
637.5 million ounces
Paper Silver Dumped
in 1 hour
after FED Minutes released
April 4, 2012
On the now infamous Ron Paul/ Bernanke silver raid of February 29th, we documented how 225 million ounces of silver were dumped on the market over a span of only 30 minutes, smashing silver $4 from $37.62 to $33.68.
In a sign of the diminishing returns of paper market manipulation, on the heels of today’s Fed minutes disappointment, beginning at 2pm EST, over 127,000 contracts, or 637.535 MILLION OUNCES OF PAPER SILVER were dumped on the market in only 1 hour, resulting in a massive silver decline of…. $0.65.
You read that correctly.
Nearly 80% of ENTIRE ANNUAL WORLD MINING SUPPLY was dumped on the market (during the thinly traded Globex session), over a single hour, and all the cartel could muster was a lousy .65 decline in the paper price of silver!
Complete article HERE: http://silverdoctors.blogspot.de/2012/04/6375-milion-ounces-of-paper-silver.html
* Image reference:
No Dumping Sign, by Keith Evans
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