132 Million Ounces of Paper Silver Dumped
Posted: Sat Mar 17, 2012 7:17 pmOn Tuesday March 13th.... 132 Million Ounces of Paper Silver Dumped in 30 Minutes After Federal Open Market Committee Statement
Chairman Ben Bernanke and the Federal Reserve acknowledged economic conditions continue to improve, while noting that rising oil prices will feed higher inflation
The FOMC noted it expects “moderate economic growth” which should push the unemployment rate down “gradually.” While these are unequivocally positive signs, the Fed was careful to note “significant downside risks to the economic outlook” remain.
In Congressional Testimony, Chairman Ben Bernanke made it clear that while the economy is improving, a self-sustaining recovery is by no means at hand. On the one hand, both labor and housing markets remain depressed, on the other, as noted in Tuesday’s FOMC statement, strains in global financial markets still pose risks, (despite those having “eased”).
The Fed also told markets it is closely following the effect of record-high oil prices on inflation. “The recent increase in oil and gasoline prices will push up inflation temporarily, but the Committee anticipates that subsequently inflation will run at or below the rate that it judges most consistent with its dual mandate,” read the statement. Rising oil prices naturally feed into higher prices at the pump, eating into disposable incomes and constraining the modest recovery.
In other words more BS was spread about how everything is getting better! Right, sure it is...
So folks......when this was happened a massive paper silver dumping took place. Beginning exactly at 2:15 pm EST, 90 million ounces of paper silver were dumped on the market over the next 15 minutes, and a total of 132 million ounces over a 30 minute period from 2:15-2:45pm EST.
It is really sad but no one is even trying to hide anymore the obviously market mapulation taking place.
I am sure gold and silver prices are not being supressed by anyone....including our government! Oh no....You have to be deaf, dumb and blind and trust everything that is said!
Chairman Ben Bernanke and the Federal Reserve acknowledged economic conditions continue to improve, while noting that rising oil prices will feed higher inflation
The FOMC noted it expects “moderate economic growth” which should push the unemployment rate down “gradually.” While these are unequivocally positive signs, the Fed was careful to note “significant downside risks to the economic outlook” remain.
In Congressional Testimony, Chairman Ben Bernanke made it clear that while the economy is improving, a self-sustaining recovery is by no means at hand. On the one hand, both labor and housing markets remain depressed, on the other, as noted in Tuesday’s FOMC statement, strains in global financial markets still pose risks, (despite those having “eased”).
The Fed also told markets it is closely following the effect of record-high oil prices on inflation. “The recent increase in oil and gasoline prices will push up inflation temporarily, but the Committee anticipates that subsequently inflation will run at or below the rate that it judges most consistent with its dual mandate,” read the statement. Rising oil prices naturally feed into higher prices at the pump, eating into disposable incomes and constraining the modest recovery.
In other words more BS was spread about how everything is getting better! Right, sure it is...
So folks......when this was happened a massive paper silver dumping took place. Beginning exactly at 2:15 pm EST, 90 million ounces of paper silver were dumped on the market over the next 15 minutes, and a total of 132 million ounces over a 30 minute period from 2:15-2:45pm EST.
It is really sad but no one is even trying to hide anymore the obviously market mapulation taking place.
I am sure gold and silver prices are not being supressed by anyone....including our government! Oh no....You have to be deaf, dumb and blind and trust everything that is said!