I'm trying to put myself into the mindset of the banksters without fathers who run the proprietary metals trading desks at JPMorgan and HSBC, and others of similar ilk. What will they do next?
Hmmm, if I were one of those evil deviates... I think I would consider the nice little runup silver and gold made on Friday as having been enough to instill hope and courage into the masses of the beleaguered silver sheeple. Those who mistrust fiat know enough to flock to precious metals, but some hesitate without the guidance of a shepherd. Should they wait for a further bottom before buying the dip? Or should they just dollar cost average, not trying to time the market?
I'm thinking that by this time they are easily dispirited, and can easily enough be made to stampede in panic by the barking of a large enough junkyard dog (TPTB).
So right about now, I'm thinking, they are pleased with themselves for having the fortitude to weather the worst of the silver suppression storm, and now that the clouds are parting they think the sun will shine. Are they convinced that this wasn't just a dead cat bounce and that silver has reversed its recent downward trending bias? I noticed a spate of pundits calling a bottom on Friday. Why take a chance? Let's just push them all over the cliff until they scream capitulation.
"I will pound the metals markets this week! Why? Because I can I am invulnerable, no one can touch me. Not the federal courts which dismissed the manipulation charges against my employer JPMorgan, nor the hapless CFTC with their meaningless investigations (we bought them all off years ago)... and finally... because I represent the wishes of the gov't, funded by the endless money printing of the FED. There is nothing you can do to stop us, and we will drive the price down triggering all the stops... and while you aren't watching we will scoop up all the physical you suckers sold at LOWS and we'll fill most of our short positions.
And if you're stupid enough to bid the prices up again? We will do it over, and over, and over, and over, and over again
We'll see who the strong hands are... you weakling silver sheeple"
So... will the markets open up or down? Was Friday the beginning of a spirited movement upwards? Or will the batstirs unleash HELL again?