by Andrew Hoffman
Miles Franklin
I’m no statistician – and god knows, in rigged markets like Precious Metals, such “analysis” must be taken with a grain of salt. That said, the Cartel’s unrelenting attempts at “technical analysis busting” are decidedly less successful during bull market phases – as we are in NOW; then in bear market phases, like mid-2011 to late 2015. And nowhere more so than early 2011, when the “COTs” were blown out of the water despite a massive paper short position, which forced them to cover all the way up to $50/oz silver. In fact, were it not for the biggest manipulation operation in history – the May 1st, 2011 “Sunday Night Paper Silver Massacre” – the world may as we know it may be decidedly different today. And heck, it took another two years of “named storm” attacks – like September 5th, 2011;s “Operation PM Annihilation I”; December 7th, 2011’s “Operation PM Annihilation II”; February 29th, 2012’s “Leap Day Violation”; and April 12-15th, 2013’s “Alternative Currencies Destruction”; to finally slow down the PM bull. Only to watch prices bottom in late 2014 in the majority of currencies, and in late 2015 in U.S. dollars.