Boom Goes The Silver Dynamite

This morning Goldman released a research report which concluded that the Fed will be forced to implement "sizeable" QE.  Of course, I forecasted this event several months ago.  Wall Street sure has a knack for overstating the obvious (Harold Bloom described the fatuously verbose Polonius in "Hamlet" as being an "ass absolute" - Goldman is our ass absolute).  Here's what the precious metals do when a "print or die" comment hits the general media and the bullion banks are forced to cover their insanely large paper shorts:

(click on chart to enlarge)

Zerohedge broke the Goldman report to the mass media, which can be found here:  QE to Infinity

And here is an article about how India is buying a lot of physical silver bullion this year and which somehow eluded widespread public media reporting:  Comex silver shorts take heed

Everyone who has and does scrutinize the precious metals market on a daily basis is well aware that the physical supply of gold and silver is getting scarce, especially relative to the size of the massive paper short positions taken on by the big bullion banks here and in Europe.  Silver as I write this is now pressing $18.40 - 20 cents higher than in the chart above.  One of these days a big foreign buyer is going to attempt to take a large silver delivery from the Comex and the Comex will default.  It will be "game over" then for our system and a devastating currency crisis will erupt, along with hyperinflation.  Prepare accordingly.