The Banks Fight At $15.80 Get ready. It’s going to be like this all year.

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by Turd Ferguson, TF Metals Report:

This is so freaking obvious and ridiculous that I thought it deserved its own post. What’s even more ridiculous is the amount of shills and charlatans who still publicly cling to the silly notion that the Comex silver market is a free and fair marketplace for physical price discovery.

And we’ve been harping on this for months…even drawing the ire of our former friend, Uncle Ted. But pointing this out was NOT optional, regardless of whose toes we might step on. THE BANKS ARE NOT ON YOUR SIDE. THEY HAVE NEVER BEEN ON YOUR SIDE. THEY NEVER WILL BE ON YOUR SIDE. AND THEY WILL FIGHT US ALL THE WAY UP TO THE FINAL TICK OF THEIR FRAUDULENT SYSTEM.

Perhaps you missed these links from late last year? Perhaps we should re-post them now just in case??

Rather than belabor the point, let’s cut to the chase….

As we’ve been discussing this week, the final technical barrier for Comex silver as it completes this first move of 2019 is the area near $15.80. Above there, and it’s mostly clear sailing all the way to the destination of this initial rally….the 200-week MA and the Bank-enforced trendline which are both found near $16.40.

You can see the significance and why we expected some Bank resistance in this area on the chart below. Note that there is nothing else important about $15.80. There are no moving averages there and there certainly isn’t some form of physical supply overhang at that price level. Instead, the ONLY reason for resistance is that price failed to rebound through this level back in July. And it was for this Mar20 contract, too!Therefore, we expected The Banks to attempt to create some trouble from nothing in this vicinity.

And They have! Check the utterly ridiculous price capping seen at $15.80 over the past five days. To accomplish this, The Banks have issued nearly 11,000 new contracts over this period. That’s 55,000,000 new digital ounces…created from nothing…and fed to The Specs in order to keep price in check. If you’ve forgotten HOW this is done, see this link from 2017: https://www.tfmetalsreport.com/blog/8252/econ-101-silver-market-manipula…

And look at how egregious just the past two days have been!

So go ahead and talk about what an economic genius Armstrong is…and what a great job Moriarty does on Novo…and what a nice guy Fred Hickey is…etc etc. Knock yourself out. But you must eventually realize that these guys are actually HURTING YOU in your quest against The Banks and all of their nefarious activities. By denying the obvious and proven price manipulation, these jokers empower The Banks to continue their evil ways.

On the other hand, here at TFMR we will continue to do all we can to end this criminal charade. Will we fail? Will The Banks outlive us and our usefulness? Maybe. Sadly, the timetable of The Banks’ demise is not of my choosing. We will, however, fight them with all we have, every step of the way. If we offend your sensibilities and step on your toes regarding your personal opinion of The Deniers, then we apologize in advance.

But it’s going to get ugly in 2019. The Banks will be in retreat all year and they will fight us every step of the way…and their shills and charlatans will be out in force carrying their water. I will do my best to keep it civil and “take the high road” but please understand how all-encompassinglly serious this is for me and, as such, I will feel the need to return fire when necessary.

OK, what else is going on….

Read More @ TFMetalsReport.com

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