Big moves in Silver & Gold a foot?

[Mega]

http://kingworldnews.com/kingworldne...w_Maguire.html
Mike

[lektrode]

Re: Big moves in Silver & Gold a foot?

http://kingworldnews.com/kingworldne...w_Maguire.html

ok - here's another opportunity to make my prev request: please mr mike/all: WHEN PUTTING UP A VIDEO (or audio) that requires major bandwidth, if a short review/explain of the topic (and its _relevance_ ), were added, it would allow those of us who arent on a highspeed connect to mark it 'save for later' or disregard (as 3G wireless is 'almost broadband' but just aint quite quick enuf to pulldown video)

but am just wondren about this one, whether its simply the latest reincarnation of the 'big silver conspiracy' - here that we are in the middle of the 'summer doldrums', causing some lack of interest in the PM's by the wider audience? - so the usual suspects trot out their tried/true marketing techniques (stoke the greed/fear factor)

or is this something truly significant?: maguire discussing a new china gold/silver exchange, with contracts to be traded in renminbi allowing for a new price discovery channel, that will then cause the JPmorgue's silver shorts to go up in flames?

comments? metalman, fondo, bart?

and then, going into this again, gets me to pondering stuff like: http://en.wikipedia.org/wiki/Panic_of_1893
and one of the causes: http://en.wikipedia.org/wiki/Sherman...r_Purchase_Act

The Sherman Silver Purchase Act was enacted on July 14, 1890
Under the Act, the federal government purchased millions of ounces of silver, with issues of paper currency; it became the second-largest buyer in the world, after the government of India. In addition to the $2 million to $4 million that had been required by the Bland-Allison Act of 1878, the U.S. government was now required to purchase an additional 4.5 million ounces of silver bullion every month. The law required the Treasury to buy the silver with a special issue of Treasury (Coin) Notes that could be redeemed for either silver or gold. That plan backfired, as people (mostly investors) turned in the new coin notes for gold dollars, thus depleting the government's gold reserves. The reduction of receipts of specie in payment of the tariff, from the curtailment of imports under the McKinley Tariff, compounded the problem. After the Panic of 1893 broke, President Grover Cleveland oversaw the repeal of the Act in 1893 to prevent the depletion of the country's gold reserves. Banker J. P. Morgan stepped in to form a syndicate that saved the U.S. with a massive gold loan, for which he received a commission. Nevertheless, Morgan succeeded in saving the nation from bankruptcy. While the repeal of the Act is sometimes blamed for the Panic, the Panic was already well underway

would appear there's a potential for huge gains in the short term, but leading to another PM krash?

or am i just thinkin too much?