The Phaserl


WORD TO THE WISE: Silver Is More Oversold Than At Any Time In The Last 20 Years!

from Silver Doctors:

veryone in the precious metals community is scratching their heads over the recent behavior of the price of silver. At the end of the day, the severely depressed price level can only be attributed to the extreme degree of manipulation and price containment activities of the Federal Reserve and the U.S. Treasury’s Exchange Stabilization Fund team (which is officed in the same building as the NY Fed).

Besides containing the upward price movement of gold and silver in order to support its effort to prop up the dying U.S. dollar, the question is, why is silver being hammered like this with Comex futures? Ultimately, I believe a severe shortage of unencumbered physical bars for delivery into India and Asia has developed. More on this in the next few days.

In the meantime, you can see from the 20-yr graph of silver that silver is, by far, more oversold than at any time in the last 20 years.

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