Banksters Crash Silver & Gold Prices Again - CME GROUP up to Their old Tricks = MARGIN INCREASE !

http://ericpadden.com On this video Eric Padden discusses the recent plunge in silver and gold as well as other commodities and the factors influencing them.

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[aaronandnicole]

no way Im selling, I bought 100 monday. clunk!

[ericpadden]

@aaronandnicole Nice move ! I suppose we should thank the banksters for keeping prices artificially low so we keep adding to our collections at these bargain prices. Keep on stackin.

[raymondk2005]

First Majestic is $7.50 above spot, this is amazing as i have never seen their prices so much above spot. Oh and don't forget you have to pay for delivery.

[ericpadden]

@raymondk2005 My local shops want 10 over and the internet says "delayed" I think they want to hold stock that they prepaid for and drop ship on new orders. We will have to wait and see how low they can drive the paper price and how big the gap gets. They are getting too bold with their blatant manipulation. They just want to discourage people investing in precious metals period. I think it's great they are not getting a hold of the physical they really need.

[jowen034]

I'm going to make a few predictions 1. QE3 is coming within the next 3-4 months and it will be the largest. 2. Kinda part of 1 but we will bail out the Eurozone with a large portion of qe3. They will do it prob by buying euros somehow. 3. We will be at war with Pakistan within the next year. Ever since the raid of0 Osama bin Laden things have been akward with pakistan. We need to control where the little bit of oil is left, and the people in charge know it.

[ericpadden]

@jowen034 I think your right on. They will probably have to pull the same "operation twist" they are doing in the U.S. to artificially pump up the economy. No one is stupid enough to buy long term bonds so they are selling short term bonds to raise the capital to buy long term bonds to keep the ponzi scheme going. It is so obvious it is a bait and switch ponzi scheme. You are in effect buying long term bonds disguised as short term bonds, Soon this whole ponzi scheme will crash.

[DawnCherryful]

FYI, I wondered why last year when I commuted I was always out of gas; I moved in town and seemed like I used a tank only over 80 miles if that. When I went traveling in the summer I got 31 to the gallon; and strange because I had my full pump stuff all flushed etc. Went back to Jiffy Lube, angels, and said, buy Premium Gas only, Ethanol DOES destroy your engine and burns up in a heart beat. I filled up with Premium while traveling so it made sense; it's all I use now and I'm still full.

[mlmr11]

@Theshamus001 Good point

[Theshamus001]

@mlmr11 Thats what gold and silver are... bartering tools, just like your wool, beef, or wood. The wonderful thing about precious metals are that they are "single atom" elements. nothing can be "mixed" to make them. They are here in limited amounts on the planet, they never rust, and CANNOT be destroyed! If lava were to roll over your bullion, after it cooled, the gold/silver would be a nice lump inside. However meat spoils. So whatever goods u can't use, you trade for gold/silver to store.

[mlmr11]

Fuck you . Fuck Gold . Fuck Commodities. Fuck everything that deals with an agent of currency. Barter Barter Barter Barter !!