by Edgar J. Steele
August 16, 2007
files of I Know I Don't Know:
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My name is Edgar J. Steele.
That's physical silver that you carry home in your hands.
Do it. Don't ask why. Don't ask how. Don't ask what form. Just do it and do it NOW.
I'm still here, for so many who have asked and been concerned. I'll spare you the excuses and, yes, I have been working on several things, including a little something called "Tipping Point" that sits here, unfinished and dated when I started it: July 31. The general upshot is that I believe we now have passed the tipping point for America, if not the world, and things rapidly will change from here on out. It also stresses that silver has been underperforming gold of late, which is to be seen for what it is: opportunity.
The financial markets are playing out just as I have said for so long, most notably in Defensive Racism, with but a single exception: silver has come in for an unprecedented pounding the past few days, particularly today when it went into freefall to close down $1.13 per ounce. In the overseas markets, it already is back up by 39 cents of that, but it still is dirt cheap.
They've been doing everything they can to both levitate the dollar and keep the stock market from crashing. What you see happening right now is a controlled crash, controlled by all central banks, not just America's. Why? When America falls, the rest of the world goes with us, that's why.
A lot of what is going on is naked short sales of precious metals - allowing them to climb will be a clear signal and the rush will be on. They can keep these balls in the air only a short time longer.
Why is silver getting a special pounding just now? I don't know, honestly. There is only one reason that makes sense, since the whole silver market is much too small to make much of a difference in keeping the dollar afloat: This could well be the big selloff to dump the weak hands before the big boys climb on board for the express trip upward. That's my story and I'm sticking with it...
Copyright ©2007, Edgar J. Steele
Forward as you wish. Permission is granted to circulate both the written and audio version of this Nickel Rant among private individuals and groups, post on all Internet sites and publish in full in all not-for-profit publications. The audio version of this Nickel Rant may also be freely used in its entirety by for-profit broadcasting entities, but is not to be included in any recorded format which then is sold to others. The audio version may be rebroadcast, either live or archived on the Internet, either copied or linked directly to my web site, profit and nonprofit alike, so long as it is used in its entirety. In fact, I encourage any and all radio hosts to use it freely. Contact author for all other rights, which are reserved.
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