silverdoctors.com / By Eric Dubin / May 11, 2013
Another week has come and gone, with the cartel still in lockdown mode. Last week, we noted there would be pretty good odds we’d get past $25 on silver simply because keeping this proverbial paper ball under water is unleashing a level of physical market demand that jeopardizes the cartel’s long-term suppression effort. By Wednesday, we were shaping up for exactly such a temporary relaxation, as both gold and silver and the mining shares ran higher through much of the day and even managed to turn in an unusual performance during thinly traded access market hours.
Follow through days are seldom allowed, however, and with the Friday economic calendar filled with G7, G20+ and Bernanke appearances, the obligatory capping continued Thursday. But don’t miss the forest for the trees. This week’s performance was quite respectable, particularly in silver. Cartel skunks sprayed all over the place, but basically accomplished nothing when it comes to silver and $25+ and a testing of $26 probably has only been delayed for a mere week.
Thanks to BrotherJohnF