Forum Post: BREAKING: Cartel Dumps 225 Million Ounces of Paper Silver Over 30 Minutes As Gold, Silver Raided
Posted 8 years ago on March 1, 2012, 11:12 a.m. EST by Reneye
This content is user submitted and not an official statement
[found this on another forum. Looks like the Globalist Cabal is pilfering again!]
Cartel Dumps 225 Million Ounces of Paper Silver Over 30 Minutes As Gold, Silver Raided— ———————————- Wed. Feb.29, 2012—
We reported a few minutes ago on the gold & silver raid in progress. The cartel raids have now smashed gold over $82 from $1788 to $1706, and silver close to $4 (10%!!) from $37.62 to $33.68. Also notice the classic mini-parabolic moves to the upside immediately prior to the raid- absolutely CLASSIC CARTEL ACTION!
The raid began at exactly at 10:00am EST coinciding with the Fed’s release of its monetary policy state- ment to the House Financial Services Committee. For those who claim these immediate waterfall gap- downs in both metals were as a result of Bernanke’s disapointment in no further QE, please realize this occurred exactly as the full report was released, and note the massive paper volume of 225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES used to smash gold by $65 and silver by $2!:
Now we know why the cartel stepped back and allowed gold and silver to run higher through significant resistance points over the past 3 days- they have been waiting to coincide their smash with the release of the Fed’s policy statement, in a weak attempt to use the Fed statement as cover for their massive raid and paper manipulation of the gold and silver market—