Oil and Silver Showdown?

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Aug 2, 2006
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Oil declined from $147 to less than $50 per barrel. Silver and Gold are apparantly being used as a tool as it appears someone very powerful is holding Silver and Gold prices down. This is beginning to look like a cold war to me.

"The Dubai silver ETF may pick up where the Hunt Brothers left off. Since there are only about a billion ounces of above-ground silver stocks left, and because silver is trading at a ridiculous sub-10, ten billion could clean out the entire above-ground silver stock. This is chump change for these wealthy oil sheiks and their sovereign wealth funds."

"So get ready to rumble as the evil Illuminist scum and the price-gouging sheiks of OPEC prepare to "get it on" in an oil-silver showdown, complete with some very spectacular fireworks to come. Both oil and silver are headed much higher, and gold will tag along for the ride as silver vaults to new heights.""

"Instead of foolishly pumping money into insolvent, zombie banks, the sheiks may well have decided to go after the silver market. Imagine what will happen as those who require silver to make their products see the COMEX gold and silver being funneled to Dubai's ETF. All we can say is, if you were waiting for some precious metals fireworks, get ready, because it's coming. It is now time to load up on precious metals, especially silver. Oil will do well also. As some form of confirmation, we also note the growing open interest in the February gold options and futures contracts. Let the Battle of the Titans begin."

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