Harvey Organ providing some good advice last night @http://harveyorgan.blogspot.com/

Huge raid by the cartel..gold and silver fall on massive volume

Good evening Ladies and Gentlemen:

Usually the first week of January one has to expect volatility in the gold and silver comex and the cartel did not disappoint us with their usual shenanigans. Gold finished the comex session at $1380.00 down$ 42.60 from Monday's close. Silver saw a further percentage decline falling by $1.59 to$ 29.50 at the comex close. For the past week, we have seen an equilibrium between buyers and sellers in gold at around 75,000 contracts. Today the estimated volume at the gold comex was 240,871 and when the confirmed volume comes in I can assure you it will be much higher. The modus operandi of the crooked bankers is simple. They withhold all bids to buy as they tell would be purchasers to hold off as they will get their metal cheaper. Then they bombard with over 100,000 contracts that are totally un-backed and they trip some of the longs who have stop losses below the spot price. This trips other stop losses as the price goes lower until it reaches its nadir and the bankers slowly try to cover all their shorts. This is collusion, as all the bankers are told in advance when the raid is to be expected. Then they supply paper with no backing to gold or silver whatsoever. And our regulators just stand there and do absolutely nothing with this blatant manipulation.

As I tell many of you, when a raid comes, do the following:

1. turn off the TV as the pundits will offer stupid explanations for the event which is nothing but garbage.

2. take an aspirin

3. get a good times sleep as tomorrow is another day and the banking cartel need to cover the huge shortfall that they have created.