"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535
"True happiness is of a retired nature, and an enemy to pomp and noise;
it arises, in the first place, from the enjoyment of one's self, and in
the next from the friendship and conversation of a few select companions."
Its a bit tough to forecast this rise in silver because of the nature of the rally which is a price breakout precipitated by the collapse of a market manipulation. The large naked short positions have yet to be covered.
Few people yet understand what is happening here. Silver is being re-monetized, and the back of the silver bear cartel is being broken on a wheel of global demand, shredding their paper pyramid schemes.
If there is no panic liquidation because of a collapse in China or US equities it appears quite possible for silver to reach the 37.50 target on its fourth leg up, with a spike to 40 possible.
If there is no spike higher then a steady climb can keep going until the market clears and the bears deliver their promised bullion, made available by higher prices. What that price will be is difficult to forecast because of the lack of transparency and excess of duplicity in the market fundamentals as they are publicly disclosed.
The more I think about how these markets are managed and regulated, especially in light of the 'mystery trader' who currently holds 90% of the copper at the LBMA, approaching a 'corner on the market,' and the enormous leverage and naked shorting in the 'bullion markets,' the more ridiculous they seem to be in terms of a productive economic market function and capital allocation system.
If as stated the market participants driving these schemes are recently bailed out Too Big To Fail Banks utilizing reserve currency freshly printed by Anglo-American banking cartel, then this is an absolute discrace, even worse than the manipulation of key commodities which flourished under Enron.
Let us pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil.
We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness. And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.
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