London Trader: Massive Physical Silver Orders Filled Near $33 !
- The bullion bankster can manipulate the prices lower via the Crimex paper market. But they cannot prevent the depletion of physical gold/silver. Such low prices are a gift to those who understand what is going on. Fiat currencies are going down the toilet bowl of currency debasement. The Chinese are dumping their USD hoard for physical bullion!
London Trader – Massive Physical Silver Orders Filled Near $33!
With many global investors concerned about the recent action in the silver market, King World News interviewed the “London Trader” to get his take on what has taken place in silver and what to look for going forward. Here is what the source had to say: “The Chinese are divesting out of paper right now. So we are seeing a huge uptick in euro physical silver purchases, as well as dollar silver purchases. When silver took out $33, a huge amount of physical orders were filled.”
“The Chinese are doing the exact same thing in the silver market that they are doing in the gold market, massive accumulation on dips. It is also important to note that the local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns.
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