To prevent further Wall Street embarrassment, it appears the NY Cartel had to push gold and silver off of a cliff this morning to conform with the rest of the falling stock markets. Perhaps Bart Chilton and his Enforcement Division were again on their usual coffee break during this latest dumping process.

Regards - VHF

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Were 500 MILLION Ounces of Paper Silver Just Dumped on the COMEX in 1 Hour?

Silver Doctors

May 23, 2012

Capitulation, or the Apex of manipulation? NetDania’s 1 hour silver chart indicates 105,231silver contracts were dumped on the market this morning between 9am and 10am EST, as silver was smashed a dollar from $28 to $27.

To put this number in perspective, 105,231 contracts is north of 500,000,000 ounces of silver, nearly 2/3rds of entire world annual silver production trading in a single hour!
This is either capitulation/panic selling in the face of the EUR/USD gapping down on Euro contagion fears, or more likely, the most blatant manipulative raid to date…even more than the infamous February 29th Leap Day Massacre!