It is well known that JP Morgan, and others in the banking cabal that own politicians and regulators, are desperate to keep down the price of gold and silver, even as they devalue the dollar at soon to be hyper-inflationary rates. With some reports showing the banks are short more than 100 times the amount of physical silver available on the planet, the only way to keep solvent should the price rise is to short the markets in vast quantities.
This is just exactly what happend on the evening of Sept. 24, when at the open of Asian markets, and international metals trading, entities in the banking industry shorted more than half the entire U.S. annual production to try to bring down silver to below $35 an ounce.
Chart courtesy of Silver Doctors
Apparently Blythe’s monkey’s are burning the Sunday midnight oil in order to prevent silver clearing $36 and triggering JPM’s rumored silver derivative losses.
A miniature replica of the May 2nd, 2011 drive by shooting was just completed, as silver was knocked down the proverbial mine-shaft moments ago, dropping nearly a dollar in nano-seconds on Monday’s Asian open.
Volume data indicates that 3,297 contracts, or 16.5 million paper ounces of silver were dumped on the market in a mere 5 minutes between 9:00 and 9:05pm EST.
In other words, approximately 1/2 of the entire US annual silver production was dumped on the market by the cartel in a 5 minute period on a Sunday night. - Silver Doctors
In this short amount of time, silver fell back below $34 an ounce. However, within two days now, the price is creeping back up towards the $35 mark, and all that transpired was a two day reprieve for a corrupt bank which simply added much more debt to answer for in the near future.