Silver Manipulation A Psychoses To the US Government
Harvard has announced that any individual who believes in silver manipulation is mentally ill and suggested to be treated immediately for their conditions under guideliness to be setup via the American Psychiatrist’s Association. This announcement comes on the heels of the late 2012 announcements by the CFTC and the SEC that there can be no confirmation of foul play in the paper markets. In other words, while, yes, LIBOR is manipulated, the government cannot go forth and officially state that real money, too, is manipulated. In August, the CFTC was still continuing its investigation, after four years, and then in November the SEC announced that paper ETP’s do not determine the price of commodities, which then, apparently, led the CFTC to give JP Morgan the go-ahead on their planned copper exchange on US soil, over which copper users expressed concern.
Now, while the Harvard and the APA did not actually recently declare those who believe in precious metals manipulation as insane, that is nonetheless the signal being sounded by the powers that be. The CFTC has abandoned their investigation into the silver manipulation, around one year after HSBC was dropped from the investigation under murky circumstances, and even though they technically would have held more silver than JP Morgan. The SEC has denied that the overwhelming vectors of massive paper markets do not determine the value of their associated, limited-by-supply underlying asset.
And so, the US government has closed the door on the silver investigation…for now. And, if so, why now?
The US government allowed the CFTC to “investigate” – that is, play lip-service – in regards to silver manipulation for four years. So, why in 2012 did the CFTC half-heartedly hint that the investigation was “ongoing”, only to back away, be precluded by the SEC’s announcement that paper markets do not dictate commodity prices, and grant JP Morgan power over the copper market.
The world’s new paradigm is one in which paper market are ignored. In the first step of this process, the paper markets will dictate prices across the globe. As the paper system is retired, the world’s financials will have determined global commodity prices to their liking. The paper system will have been disintegrated and the world will be at a crossroads with all power held by the global financials and those individuals smart enough to hold their assets completely off the dominant financial grid. Silver underwent a maelstrom of undermining in 2012, started by a run-up in silver in 2011. This is the nuanced nature of the silver price. Indeed, while the silver price run up in 2011 is seen as a legitimate price run up by an asset correcting upwards due to inflation, it might have been something else: that is, the undermining of the silver price for the long run. That run-up very well might have messed up the silver chart so bad that we were looking at 1-2 years of softness.
Perhaps the contrived run-up and drive-by shooting were done so as to create an environment in which silver had trouble rising in price. What we do know is that, after a soft year for silver, and a not so impressive introduction to 2013, we can only keep on stacking.