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Sep 26, 2011

British Corporation Mass Murdering Ugandans in UN Sanctioned Land Grab


Beneath fraud, media spin, & UN stamps of approval, awaits an unfolding nightmare for the people of Africa and the world.


by Tony Cartalucci

The New York Times recently reported in an article titled, “In Scramble for Land, Group Says, Company Pushed Ugandans Out,” that the British “New Forests Company” has evicted over 20,000 people from their land in Uganda to make way for tree plantations. Homes were burnt, people, including women and children, were brutalized and murdered during the long eviction process. However, the New York Times states that in this case “the government and the company said the settlers were illegal and evicted for a good cause: to protect the environment and help fight global warming.”




The “group” the New York Times is referring to is Oxfam, which published a report titled, “The New Forests Company and its Uganda plantations,” detailing the activities of New Forests in Uganda and the evictions the New York Times gingerly describes in its article.

Who is The New Forests Company?


Meet “New Forests,” a UK-based firm that claims to be a “sustainable and socially responsible forestry company with established, rapidly growing plantations and the prospect of a diversified product base for local and regional export markets which will deliver both attractive returns to investors and significant social and environmental benefits.” Their corporate website is not short of the color green, nor of African people smiling and prospering, so apparently, we are left to believe, New Forests has made good on their mission statement.




Image: Taken from New Forests’ website, they proudly display the swath of destruction their company is responsible for, of course, instead of depicting the displacements, murders, and thuggery they are committing against the people of Africa, they place images of thriving trees.


….


Meet Robert Deveruex, chairman of New Forests, one of the founding shareholders of The Virgin Group and former chairman of Soho House Group. He has spent a great deal of time and energy making what his corporation is doing in Africa appear to have a philanthropic spin. In an August 2010 Guardian article titled, “Robert Devereux donates £4m of art collection to set up African charity,” Devereux claims of his New Forests company that it “has a huge community development programme. It’s not philanthropy. We go to the community and we say, ‘We want to co-invest with you. If you provide what labour and materials you can, we’ll provide money for things that you can’t get.’” Devereux, however, never mentioned what happens if the community says, “no thanks.”




Photo: Robert Devereux, a long time investor, a long time con-artist spinning his company’s despoiling of Africa as some sort of cutting-edge investing strategy that makes money and “helps” people. Even as Devereux made his disingenuous statements in 2010 regarding New Forests, the villagers in Uganda he was “helping” had already filed a court case a year earlier protesting the British company’s encroachment on their land.


….


Meet New Forests executive director and CEO Julian Ozanne, who previously worked for the Financial Times, advised US and European investment banks on business and political risk in Africa and worked for the global corporate-fascists nexus, the World Economic Forum. Also serving as a New Forest director is Jonathan Aisbitt, chairman of the investment firm, The Man Group, and previously a partner and managing director at the now notorious Goldman Sachs.
There is also Avril Stassen, who is not only a director at New Forests but is also currently a principal at Agri-Vie Investment Advisers, which claims to be “focused on food and agribusiness in Sub-Sahara Africa with a mission to generate an above average investment return, as well as demonstrable socio-economic development impacts through its equity investments in food and agribusinesses.” In other words, buying up land in African nations people depend on to live, to instead broaden foreign investors’ portfolios and profits, all under the cover of feel good rhetoric and pictures of smiling Africans pasted all over their website and annual reports. A good website that seems to be keeping watch on Agri-Vie is Farmlandgrab.org, which in one short URL explains exactly the game Agri-Vie is playing.
And finally, meet Sajjad Sabur, also a director at New Forests, as well as a managing director at HSBC, heading the mega-bank’s “Principal Investments Africa” branch which targets African businesses with management buyouts, growth capital and recapitalization “opportunities.” Sabur’s HSBC invesment arm has actually invested in New Forests.
Quite clearly, this looks more like the profile of a Wall Street-London corporate-fascist hit team than anything at all involving humanitarian, environmental, or social concerns. And judging by Oxfam’s report and the subsequent attempt by the New York Times to mitigate the gravity of what the largest banks in the world are doing to Africa, it seems international piracy is just what is unfolding in Uganda at New Forests’ hands.

Globalization is Modern Day Imperialism by Anglo-American Bankers


Backtracking to New Forests’ mission statement, apparently “social responsibility” equates to murdering or displacing tens of thousands of Ugandans in their own nation, and “attractive returns” equates to the extraction and exportation of Ugandan resources for a corporation’s shareholders 4,000 miles away. What we are told is of significant “benefit” to society and the environment looks more like a textbook case of imperialism, perpetrated by British, surely new to being socially and environmentally responsible, but certainly not to imperialism nor gimmicks used to mask it behind noble causes.
The New York Times reveals that the World Bank is also an investor in New Forests along with HSBC, and that the true nature of the scam goes beyond merely displacing tens of thousands to grow trees, but that the trees are being used for the purpose of selling contrived carbon credits, not even to provide tangible resources for economic activity. The New York Times also implicates the United Nations, which granted New Forests permission to “trade” with the Ugandan government regarding its 50-year lease to grow trees in the landlocked nation.
The government of Uganda, led by President-for-life Yoweri Museveni for the last 25 years, was the result of a protracted civil war led by Museveni himself. After seizing power, he was immediately lauded by the West, embraced the World Bank and International Monetary Fund’s plans for restructuring his newly conquered nation, and has been running it as a dictator ever since. It is no surprise that Museveni is now selling his own people out, no doubt in exchange for his perpetual, unhindered rule, transiting a vast corporate media black hole enjoyed by regimes servile to Wall Street and London worldwide.
The globalist New York Times has a long tradition of apologizing not just for Anglo-American bankers as they defile the planet, but defending their accomplices, Museveni apparently one of them. In a 1997 New York Times article titled, “Uganda Leader Stands Tall in New African Order,” Museveni is praised for his extraterritorial meddling throughout neighboring African states. The New York Times claims, “not only has Mr. Museveni resurrected his own impoverished nation from two decades of brutal dictatorship and near economic collapse, but he is also widely seen as the covert patron of rebel movements like the one that has just toppled Mobutu Sese Seko, the longtime dictator of Zaire.” The article then brushes off accusations that Museveni is dictator of a single party system of governance by providing Museveni’s own defense, that Uganda is pre-industrial and not ready for multiparty democracy.
How resurrected Uganda is from poverty is a matter of debate, and certainly, the concept of poverty has taken on all new dimensions for over 20,000 Ugandans forced from their land by Anglo-American bankers and their willing accomplices in the Ugandan government. How Museveni plans on bringing Uganda past its “pre-industrial” state by handing over land to foreigners to grow trees on for the next 50 years, leaving his own people homeless, jobless, and destitute for an entire generation is also a profound mystery.
What we are watching in Africa is the grotesque reality that is globalization peaking through the thick layer of lies, propaganda, spin, liberal ideologies, and imagery used to dupe the Western world, and increasingly many in the developing world. It is a reality that entails theft on a massive scale, human exploitation, mass-murder, collective punishment, and intimidation. For those that think Uganda is an isolated anomaly and are somehow able to dismiss the backgrounds of New Forests which represents an entire network designed specifically to exploit and strip mine all of Africa, one need look no further than Southeast Asia’s Cambodia. There, half way around the world from Uganda, another Western backed dictator-for-life, Hun Sen, has literally sold half his country to foreign investors, displacing hundreds of thousands at gunpoint in a nearly identical Wall Street-London land-grab.
Globalization is a multi-billion dollar packaged update of the British Empire’s “spreading of civilization.” Designs of dominion and exploitation have historically always been accompanied by excuses seen as palatable for the masses who were expected to support and carry these designs to fruition for the ruling elite. While it is no longer fashionable to kill black and brown people while accusing them of being “savages,” it is still quite fashionable to consider them “undemocratic,” “backwards,” “overpopulating,” “terrorists,” and above all, “detriments to our environment.” At least, New Forests and New York Times seem to think so.
Once again, the choice we the people have, upon learning of this, is to either detach in cowardice and apathy, or identify the corporations, banks, and institutions leading this “globalization,” expose them, boycott them, and ultimately replace them. Those of New Forests guilty of displacing, even murdering people simply for profit in a foreign nation, thousands of miles from their shores, don’t belong in business anymore.
The darkest villains we face on earth today are not cave dwelling Islamic fundamentalists, Libyan colonels, or Americans selling sliver coins, instead, the most dangerous, degenerate, and detrimental members of the human race reside on Wall Street and in London’s financial institutions.

_______

First Electronic Gold Casualty and the 500 to 1 COMEX Paper Silver Ratio

Just in from Bix Weir:


A subscriber sent me a link to the London Gold Exchange which closed their doors PERMANENTLY today. Here's the link:
At first I thought they might be related to the London Metal Exchange but they are not. Just similar names. Here's the description of the London Gold Exchange from Wikipedia:
"London Gold Exchange is a digital currency exchanger founded in 2001. The London Gold Exchange is owned by LGE International LTD., an offshore company registered in Belize, with offices in London, England and Hong Kong. London Gold Exchange operate 2 franchises, one in the UK and one 'International' which covers everywhere other than the UK. The UK administration office in Central London, with staff based in locations around the UK. The International administration office is in Hong Kong, with staff also operating from mainland China. Technical staff also operate from locations in Australia."
Yes. This was a DIGITAL gold exchange playing in the gold DERIVATIVE markets. From other articles the London Gold Exchange claimed to be the LARGEST e-gold exchange in the world. 
Hmmm...
This surely can't be good news for their customers or the COUNTER PARTIES on the other end of these paper/electronic gold derivative transactions. The ripple effect of an implosion of gold and silver derivatives will set off the long awaited "Weapon of Mass Financial Destruction". I doubt this will be big enough to start the crash but it is definitely a sign of things to come.
Then again, there is not much difference between an e-DIGITAL market and the COMEX market as both are just electronic derivatives of gold and silver. It's possible that September will be the largest volume month for COMEX silver in history... meaning north of 3,000,000 contracts traded representing over 15 Billion Ounces of SILVER! To add some context there's only about 30M ounces of physical silver available for delivery in the COMEX warehouses which represents a 500-1 ratio of paper trades against physical silver available for delivery in the month...and this is how the price is set for physical commodities in this age of paper Ponzi Schemes.
I know it is difficult to ride out these slams but this IS the end game so...
STAND STRONG!!!
Obviously, it looks like we are going to have to EARN the future rewards on our physical gold and silver investment once again. So be it!

We saw it coming long ago and IF you survive another few months with your METAL IN HAND then you will be one of the ONLY investors in the world to have preserved their wealth after the CRASH.
Keep and eye out for the END of the THIRD quarter as there should be MANY surprises in OCTOBER.
For those of you sweating this one just pop this in your mouth!
Your Silver Pacifier
May the Road you choose be the Right Road.
Bix Weir

Are the Tribes of Europe Ready to Explode?

From The Daily Bell, September 26, 2011 – by Staff Report

The Greek tragedy: no money, no hope ... Despairing middle classes could be the biggest threat to Greece's future, writes Paul Mason in Athens ... Dmitris Andreou made the last sale out of his small estate agents business in June. His wife Mary, makes her living preparing high-school students for English exams. But her living has dried up. Their savings are exhausted, their disposable income has dropped by about 50 per cent in two years, and they are angry. – UK Telegraph


Dominant Social Theme: Once the Greeks – and the PIGS generally – get used to austerity, the Eurozone will rebound.


Free-Market Analysis: This story is interesting because it is written by a mainstream journalist and actually tells the truth about Greece – that Greece, or its citizens, are ready to explode. One can extrapolate from Greece to the rest of the EU, or at least its Southern half. Push "austerity" a little further, as a solution to the "sovereign debt" crisis and all Europe may begin to detonate.
It is not just the Southern PIGS which are reeling. It is Northern Europe, too.
The Northerners, especially Germany, do not want to pay for Southern profligacy. And Southern Europeans are well aware the fault does not lie with them, especially, but with elite political and financial interests.

It was not the average Greek or Spaniard who borrowed the money that has put the South in debt. The analyses of the European situation make it sound as if each individual was guilty. Not true. The Anglosphere banks arranged the lines of credit that are throttling the PIGS now.

The politicians and private interests accepted the money and buried it in Swiss bank accounts; today, everyone else has to pay. And Mary and Dmitris are well aware of who profited from the explosion of leverage in the 2000s, and who has been tasked with the clean-up.

It is even worse. What is unsaid in the article, despite its bluntness, is that the leverage was calculated to do exactly what it has done. The political and financial classes were in a sense tasked with creating what is now called the "sovereign" debt crisis and they did so deliberately.

This is never mentioned in analyses of the situation. We only read glib vignettes about austerity and predictable IMF solutions having to do with higher taxes, reduced public benefits, a shrinking public sector and lower compensation all around, for those who still have jobs or businesses anyway.
While we often cover the unraveling EU and euro as if it is a kind of force of economic nature, we've also been careful on many occasions to point out that what occurred in Europe was instigated by financial powers at the highest level. And for years, Eurocrats have been talking about how a financial crisis was bound to occur, and that it would be used as a pretext to build a political union out of an economic one.

Just the other day, we reported on an article in the UK Telegraph that presented the latest meme – that the "guilty men" of Europe and Britain – the ones that had backed the EU project most enthusiastically – were going to walk away from the mess without ramifications.

Our problem with the article was that it didn't go far enough. There is an Anglosphere elite and it has coldly and forcefully built the EU from the ground up. These great central banking families that want one-world government are behind the current mess, but as is always the case, those who are really in charge will not be written about, or not by the mainstream media.
We did find, in roaming the Internet, this interesting article by one of our favorite mainstream reporters, Ambrose Evans-Pritchard, written way back in 2000. He makes it clear that Washington and its spy agencies were behind the EU project.

Neither the CIA nor other US intel agencies – at the very top – report to Washington. They actually likely report to London's "City," and to the great banking families and their political, military, religious and monetary enablers. That's why we've written on numerous occasions that blaming the EU on Germany or the "Nazis" is just so much misdirection. Here's an excerpt from Ambrose Evans-Pritchard's UK Telegraph article, circa September 2000:

Euro-federalists financed by US spy chiefs ... DECLASSIFIED ... American government documents show that the US intelligence community ran a campaign in the Fifties and Sixties to build momentum for a united Europe. It funded and directed the European federalist movement. The documents confirm suspicions voiced at the time that America was working aggressively behind the scenes to push Britain into a European state.
One memorandum, dated July 26, 1950, gives instructions for a campaign to promote a fully fledged European parliament. It is signed by Gen William J Donovan, head of the American wartime Office of Strategic Services, precursor of the CIA. The documents were found by Joshua Paul, a researcher at Georgetown University in Washington. They include files released by the US National Archives. Washington's main tool for shaping the European agenda was the American Committee for a United Europe, created in 1948.
The chairman was Donovan, ostensibly a private lawyer by then. The vice-chairman was Allen Dulles, the CIA director in the Fifties. The board included Walter Bedell Smith, the CIA's first director, and a roster of ex-OSS figures and officials who moved in and out of the CIA. The documents show that ACUE financed the European Movement, the most important federalist organisation in the post-war years.
In 1958, for example, it provided 53.5 per cent of the movement's funds. The European Youth Campaign, an arm of the European Movement, was wholly funded and controlled by Washington. The Belgian director, Baron Boel, received monthly payments into a special account. When the head of the European Movement, Polish-born Joseph Retinger, bridled at this degree of American control and tried to raise money in Europe, he was quickly reprimanded ...


These days Evans-Pritchard sticks more or less to the larger UK Telegraph "party line," which has to do with the unraveling of the EU rather than who was behind the thing to begin with. But understanding the reality of the EU's formation is important, too. It was set up as a building block of world government and it was likely designed to fail in order to create the impetus for a political union.

The article about Greece – with which we began our analysis (see above) – shows clearly how the elite centralizing strategy is being implemented. But there has been a miscalculation. The Internet was not considered within these plans, which go back decades, perhaps even a century or longer.
Pre-Internet, what's happening in the EU would have been buried under mainstream media misdirection. People might not have understood the larger forces at work. But the EU unraveling along with much else has played out under the merciless glare of the alternative press, and the European tribes are aware of the manipulations that are taking place.

It is realization of these manipulations that informs the article, which is a surprisingly good piece of reporting. It is written by Paul Mason, BBC Newsnight's Economics Editor, who is broadcasting regularly from Greece, and it seems to have concentrated his mind, at least for a while, on what's actually happening.
The article is derived from an interview with a middle class Greek couple that is falling into poverty along with, it seems, the entire Greek middle class. They are furious. "We would like to see the politicians executed," says the woman, Maria, "not smiling."

This article also confirms our past analyses. So much nonsense has been written about Greece and Europe and appears in the mainstream media every day. The generalizations are vast and depersonalize the problem but what's happening in Europe is affecting individuals.
We've written that once the "new normal" became fully evident, once it was clear that the good times of the 20th Century were not going to return, the tribes of Europe – who are far more violent than they have seemed to be, post World War II – would not put up with it. We predicted that "Europe" – the EU – might not survive (neither the currency, nor the union).

The problems are happening to people, individual people, and it is these people, ultimately, who will formulate a response, not "Greece," not politicians, not "working groups" – not even the IMF or ECB. Here's some more from Mason's article:
"Some days we only buy the basics and a few days lately we were not able to buy even those. We have to count our cents to decide between buying bread, milk or butter," says Mary. "Some days are better, but some are difficult. We don't buy clothes any more. People don't go out. There is simply no money around out there."
But what's happening in living rooms like theirs presents the bigger danger to the future of Greece. People are switching off: from politics, from the mass media, from social life. "We would like to see the politicians executed," says Maria, not smiling as she delivers the joke. "Most people are saying this: politicians deserve capital punishment – at the Greek equivalent of Traitors' Gate. It would be a nice time for politicians to be heroes, to stand up and defend the people. But they're not."
"We can't watch the television news any more," says Dmitris, shaking his head. "If you watch it, with the constant uncertainty, it can make your psychology very low. It's like a nightmare we can't wake up from. Perhaps it's fortunate that we've had to cancel our cable TV subscription. I don't trust the media any more: I get all my news from the internet."


Mason writes that that the helplessness that Mary and Dmitris evince can easily turn to rage, giving rise to violence. "As a result Greek politicians have started to worry about something called 'anomie' – a pervasive listlessness, low-level social conflict and the erosion of bonds between the country's citizens and the state."
Mason, to his credit, makes the linkage between that helplessness and what may be yet to come. "Over the past six months," he writes, "I've stood in the middle of Athenian crowds so furious that they will withstand tear gas and endure near-lethal stampedes to make their point ...

"What's been obvious, each time, is the ordinariness of the people involved – bank clerks, interior designers, even a concert pianist once, their faces painted with alkaline liquid against the sting of the gas. But it is this seething anger of those who have never been on a demo that is really frightening – because we have no model for what happens if the middle class of a developed country simply switches off from politics and gives up hope. Not since the 1930s, anyway."


None of this was accidental. How could it be? The EU was not an accident. Central banking is not happenstance. The "crisis" that now affects the EU was long anticipated and was intended to build a closer political union. What was NOT anticipated, however, was the spread of electronic communication and the eventual rise of what we now call the Internet Reformation.

Conclusion: The knowledge of the manipulations by the elite and their enablers are bound to have ramifications beyond what has yet been seen. This is the crux issue of what is occurring. The manipulations that raised the EU, and have now brought it down, were supposed to be secret. But what happens if everyone knows?

Bilderberg/CFR Think Tanks Play Economic War Games - Result Global Elite Get Richer People Get Poorer


From PEPIS:



On September 13-14, the Brussels-based think tank BRUEGEL and the Peterson
Institute for International Economics hosted a conference on Resolving the
European Debt Crisis close to Paris. The conference assembled about four
dozen policy experts and practitioners, mainly from Europe and the United
States. Support for the conference was provided by Tudor Investment
Corporation and Black Rock Investment Management.

 On the second day, a simulation game took place among the conference
participants in what amounted to a stress-test for European debt policy. As
the simulation unfolded, a powerful solution to fend-off speculative attacks
was found. The game was directed by Andrew Gracie of Crisis Management
Analytics*(* <http://www.crisismanagementanalytics.com/>*
http://www.crisismanagementanalytics.com*<http://www.crisismanagementanalytics.com/>
*)* <http://www.crisismanagementanalytics.com/>. Gracie is a former member
of the Bank of England’s Financial Stability Group with a strong track
record in running simulated games for central banks globally.
No sitting officials participated and the game was held *under the Chatham
House rule* <http://www.chathamhouse.org/about-us/chathamhouserule>.
Participants played the roles of the governments of France, Germany, Greece,
Ireland, Italy, Portugal, and Spain; decision-makers for the ECB, IMF, and
United States; and decision-makers in commercial banks in the countries
involved and non-bank financial market actors. In addition, in response to
successive rounds of the game as it unfolded, other participants provided
expertise in the areas of credit ratings, legal and accounting issues, and
political repercussions. As the simulation unfolded, a solution to fend-off
speculative attacks was found. ( *
http://www.bruegel.org/publications/publication-detail/publication/60...
*<http://www.bruegel.org/publications/publication-detail/publication/60...>)
In the war game the EU/IMF decided to expand the European Financial
Stability Facility (EFSF) to between $3 trillion (£1.9tn; 2.2tn euros) and
$5 trillion (£3.2tn ; 3.7tn euros). This was done by leveraging the 440bn
euros supplied under the EFSF legislation going through European parliaments
this week, plus match funding from the IMF. And by the ECB issuing
"collateralised finance".

 That is, by pledging around 700bn euros, they borrowed up to $5tn and then
lent it to European banks and countries, starting with Greece. They got the
money by mortgaging the assets of Europe basically, because $5tn is a lot.
They mortgaged the EFSF money, and then the ECB borrowed money against the
future tax revenues of Europe.

There were two interesting outcomes:
1. They saved the euro. Greece, Ireland et al stayed inside, now protected
forever - certainly for the lifetime of the participants, who were mainly on
the upside of 35 - by the wedge of money conjured from thin air.

2. It didn't solve the structural problems facing the periphery - but simply
gave them more time to sort it out.

An account of the game reports: "The large new lending facility was seen by
some players as free money for errant countries without sufficient
conditionality."
This Breughel document is doing the rounds in Washington DC, and contains an
uncanny blueprint for what might now be about to happen. (*
http://www.bbc.co.uk/news/business-15051882*<http://www.bbc.co.uk/news/business-15051882>)
And what might be about to happen is that the Central Banks will start the
printing pressing rolling and devaluing currencies throughout the globe.
This will result in inflation and higher food and energy prices throughout
the world. This will result in more global unrest resulting in more war,
death, and destruction resulting in increased profits for the
Bilderberg/CFR/RIIA Military Industrial complex.
roundtable 

Paper Silver Back Below $30, APMEX Sold Out of 90% Junk Silver & ASE's!


Major cartel raids are great for long term silver accumulators- as long as real silver can still be found of course.
APMEX is now SOLD OUT of $100 face 90% "Junk" silver bags!


From the comments received so far, it appears that most local coin shops around the country have even less remaining supply than the scant remaining supply at online dealers.


90% Silver Coins - $100 Face Value Bag
 
Approximately 71.5 oz of Pure Silver!
Each single bag purchase will contain only one denomination of coins. This ... view more

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___________-

Post Analysis of the 2011 Silver Crash
FutureMoneyTrends.com would like to start off by saying that we whole heartily believe that SILVER will be one of the best investments of our lifetimes, if not human history. Since we first made this statement, silver is up 100% even after last week's crash. For those of you that are new to silver or for those that think we are exaggerating, PLEASE before going any further, watch this video that we made December 31, 2010. It will take you less than 7 minutes and it will make you more knowledgeable about silver than 99.9% of all investors.
Silver This Decade
 
We wanted everyone to watch this video so that when it comes to knowing the long term fundamentals for silver, we are all on the same page. With that said, take some time to analyze the current silver market. 
200 Day Moving Average
Silver is now the furthest from its 200 day moving average since November of 2008. Remember the timing of 2008, most investors thought it was the end of the world and were liquidating everything. Silver itself was also almost exclusively looked at as an industrial metal and therefore was sold off due to a slowing economy. Today, silver has been restored as a monetary metal for many investors, so you have to consider the biggest difference between 2008 and 2011, and that is that we are moving into a currency crisis, not just a slow down in global economies. Now when it comes to the 200 day moving average, throughout the current bull market any time silver has moved below 0.95x the 200 day moving average, tremendous gains have followed. Silver is currently around 0.86x its 200 day moving average. -Very Bullish-
2008 Post Traumatic Stress
Many in the investment community, including silver bugs, took a lashing in 2008. So, in order to prevent a repeat of 2008, many are causing that exact scenario to play out. No doubt this makes the Federal Reserve very happy to see commodities take a hit. Forced liquidation selling from stock market and commodity investors have put extreme pressure on previous winners like silver. With all assets falling together, investors have been forced to raise cash to cover margin calls. Silver, being one of the biggest winners in the past year, was the first one to sell for many as it is very liquid and many fear another 2008 when silver collapsed over 50%. Of course this put extreme selling pressure on silver last Friday when we saw the biggest one day dive in silver since 1984.
The Federal Reserve Head Fake
The market has been pricing in QE3 since mid July, not getting it at the end of August was shrugged off with rallies that they would get it at the end of September, not getting it then caused a sell-off. Silver and gold of course were seen as the biggest winners for a QE3 announcement, so when it didn't happen, investor panic set in as many felt that gold specifically was overpriced. In the west where the precious metals are seen as speculative commodities, it was easy to see how investors could easily become spooked. Remember, silver was around $25 per ounce when QE2 started, so the anticipation from investors that silver would blow through $50 an ounce once QE3 was official, was very high. We should note that we have no doubt that QE3 will start soon, but as we have said all along, the Federal Reserve needs a crisis before it can unleash its next dose of money printing.
CME Raised Margin Requirements
As we said on Friday (minutes after the news came out), "no doubt that this was leaked" and added to the silver sell off. On Friday after the close, the CME hiked gold margins by 21%, silver by 16%, and copper by 18%

By raising margin requirements, expectations added to the selling pressure by not only investors who needed to liquidate positions as a result, but those investors who feared another crash in the silver price.
Other Important Points to Remember
  • Since the peak in the housing bubble in 2006, this is the 19th time silver has seen double digit declines over two trading days.
  • Silver is oversold, The Relative Strength Index is at 23, which typically means that silver is about to bounce higher from here.
  • The historical gold to silver ratio of 16 to 1 is still at an extreme of 52 to 1.
  • The long term fundamentals for silver, as shown in our 'Silver This Decade Video,' are still in place.
  • Europe and the U.S. are both about to push the currency war of devaluation to new extremes.
  • Physical silver is trading between 33-36 just for regular bullion ounces.

Is Silver Cheap?
In the big picture, silver is cheap, the above ground available supply has fallen 90% in the past 60 years. In our opinion, at some point in this decade the headline 'Silver Shortage' will be seen in national news stories.
In the very near future, the indicators we pointed above show a silver price that should at least stabilize if not bounce back up to support above $33. However, with central planners and constant manipulation in the silver markets, it is always possible for silver to go down even more. If that happened, $33 support could end up being resistance, with the $26 mark being the next major level of support from here. If you don't own any silver, this is a great opportunity and if you already own, you might want to take a wait and see approach in order to see how the next trading day plays out.
*Disclosure: FutureMoneyTrends.com staff members own physical silver and mining companies. On Friday (minutes before the close), one of our staff members purchased $30 SLV OPTION NOV. CALLS that he plans to close out sometime this week.
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