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Better sell your silver while you can. Silver crash coming July 15th.
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[quote:Anonymous Coward 1121444:MV8xNTQwNjYwXzI1NDM1NjY5X0U5NkE3MDgw] sorry i'll be keeping mine.. [/quote]
Original Message
July 15th new rules go into effect on the trading of silver by the COMEX. No purchases that cannot be deliverable in 28 days will be allowed under the new laws.
Silver prices have been driven up due to the artificial market manipulation on silver bonds. Large silver traders, think JPM, trade mega volumes of paper bonds between their partners to manipulate the price for however they see fit to accquire the most gain. Physical delivery was never desired. Now that game is over. This same game also extends to gold trading as well.
July 15th we will see precious metal markets crash with the elemination of paper trading. Todays prices have only been held up due to the artificial demand that paper trades without delivery has created. When paper trades stop only deliverable trades will be allowed. This will have the effect of a landslide in demand. Without a demand to support a price point that price will decrease until it is leveraged with demand.
In the case of silver, prices will fall to the teens with certainty. Single digit prices are even a very real possibility.
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