It is being reported that a notice appeared on the Commodities Futures Trading Commission (CFTC) website that should terrify every silver holder: "Emergency Commission Meeting - December 19th, 9:00 a.m. - Closed Session. Topic: Market Stabilization Measures for Precious Metals Complex."
My Translation: They're going to ban or restrict silver buying. You have 72 hours.
I AM NOT ABLE TO FIND ANY SUCH NOTICE ANYWHERE IN THE CFTC WEBSITE. I CANNOT VERIFY THIS CLAIM, WHICH IS SPREADING LIKE WILDFIRE ON SOCIAL MEDIA.
IF THIS PROVES TO BE TRUE, This is the 1980 Hunt Brothers playbook repeating word-for-word. In 1980, when the Hunts cornered the silver market and banks faced insolvency, the CFTC instituted "liquidation-only trading" - you could only SELL, not BUY. Silver crashed from $50 to $10 in six weeks.
If this claim is true, they're about to do it again on Friday morning at 9 a.m. This time to save TBTF banks that are "short" silver right now.
There are huge differences between today and what happened in 1980. Back in 1980, there was no shortage of physical silver as there is right now, today.
Samsung is buying all the physical silver they can get their hands on and word on the street is they are offering $70-$78 an ounce and in some cases, the word on the street claims they are going as high as $85 - $86 per ounce.
So the CFTC making a "Sell only" ruling will do NOTHING to the price because only the paper market (people who own silver on paper) will be affected.
No one in their right mind will provide physical metal to the paper markets when they can get $78 - $86 by selling the exact same metal in the PHYSICAL market!
This is "it" folks. In matters financial, what takes place this week and into the weekend, is going to make or break a lot of very rich, powerful, people and entities.
