Jul 02

H/t reader squodgy:

“Interesting that the actual paper Gold &Silver is being suppressed while it looks like hard metal prices are hardened slightly higher.

This renders the mining industry as marginal at best and a total rock bottom liability at worst, pointing to cheap sell offs for the benefit of the moneyed few who can then mothball them causing the price hike they can benefit from.”

With the price for an ounce of silver being below the cost of production, how can silver not be called a bargain?


Change in gold holding

Gold & Silver Smashdown – Mining Industry Collapse (Level9News, April 29, 2015):

As we’ve seen the price of gold and silver smashed down in order to drive people out of their physical and paper holdings, we are seeing a buying frenzy towards the acquisitions of physical gold and silver, not only by private investors and individuals, but a massive push towards acquisition by leading BRICS nations while simultaneously dumping US Treasuries. This is creating, or at least we are being told, a physical shortage of these metals in the market.

There appears to be an orchestrated attempt to relieve private holders of their gold and silver physical and paper assets at the focal point of the power centralization structure to consolidate these holdings in the hands of the few elite who are manipulating the markets. Continue reading »

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Jun 25


Jun 24, 2015

Description:

Media analyst Mark Dice tries to sell a 10 ounce bar of .999 fine silver bullion for just $10 dollars outside of a coin shop in San Diego, CA. HINT- It’s worth WAY more than that, but does anyone want it? You have to see this!

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Jun 11

Indian Silver Demand Explodes to US Silver Owners’ Delight (GoldCore, June 11, 2015):

– India may absorb as much as one third of total global silver production this year
– Strong demand for silver steadily increasing year by year
– Indian citizens and solar industry take advantage of current low prices in silver
– U.S. silver imports still enormous despite ostensible decline in demand

Indian-Silver-Imports

The first four months of 2015 saw India import possibly as much as 3,000 tonnes of silver bullion. If the momentum is maintained India is on track to import a staggering 9,000 tonnes over the course of 2015.

Continue reading »

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Jun 03

“It occurs to me that such massive speculation in COMEX silver futures may not be in keeping with the spirit and intent of commodity law and may suggest something is wrong with the price discovery process, since real producers and consumers of silver don’t appear to be represented…. As one of the largest primary silver producers in the world, we feel that an effective and fair pricing mechanism is critical for the healthiness of our industry and for the millions of people impacted by what appears from the outside, to be manipulative practices by a concentration of players.”

–  One Of The World’s Largest Silver Miners Slams The CFTC About Silver Market Manipulation (ZeroHedge, June 3, 2015):

It has long been known to silver market watchers that when it comes to the price of paper silver, there has long been a chronic and extremely concentrated shorting presence at the Comex, one which the CFTC has persistently refused to address even though it consistently surpasses the proposed limits on derivative positions. Now, at long last, a Canadian silver miner, First Majestic Silver Corp., has decided to take the CFTC to task.

In a letter penned by Ted Butler to CFTC Chairman Tim Massad (who recently replaced former Goldmanite and future US Treasury Secretary, Gary Gensler), Keith Neumeyer, CEO of First Majestic, became the first primary silver producer to vocally highlight some of the questionable activity reported weekly in the CFTC’s Commitment of Traders report, specifically the “record position change of more than 28,200 net contracts of COMEX silver futures” the equivalent of 141 million ounces of silver and 61 days of world mine production. Incidentally, this was first observed here one week ago. Continue reading »

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May 24

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–  Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade (ZeroHedge, May 24, 2015):

The last time large speculators were as aggressively buying silver as last week was September 1997. The net long non-commercial positioning in Silver futures, according to the CFTC rose almost 22,000 contracts last week to a 3-month high (which is closing in on the ‘longest’ since 2005). Gold, not be out-precious’d also saw major buying. Net speculative longs in gold added over 45,000 contracts – the most since July 2005 – lifting net long positions to their highest in 3 months. Perhaps, just perhaps, as Alhambra’s Jeffrey Snider notes, this is due to Yellen putting the ‘dollar’ back on suicide watch.

 …

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May 15

Gold Breaks Key Technical To 3-Month High, Silver Surging  (ZeroHedge, May 14, 2015):

The last 3 days have seen precious metals surging. Silver is up over 7% – its biggest such rise since Aug 2013, and Gold up 3% – its largest in 4 months. Volume is heavy also. A specific catalyst is unclear but USD weakness is being cited, weak macro data suggesting further easing, China demand ahead of SDR-backing, and finally the realization that the Chinese shift to unconventional monetary policy (LTROs) is a slippery slope to full-blown QE from which few (if any) have ever escaped.

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May 06


May 5, 2015

Related info:

US Trade Deficit Soars To Worst Since Financial Crisis; Will Push Q1 GDP Negative

US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%:

Without this epic stockpiling of non-farm inventory which will have to be liquidated at some point (and at a very low price) Q1 GDP would have been -2.5%.

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Apr 30

Related info:

Why Is JPMorgan Accumulating The Biggest Stockpile Of Physical Silver In History?


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2015 Silver Forecast: One of the Best Long-Term Opportunities (Video) (SchiffGold, April 29, 2015):

John Whitefoot, an Analyst with Lombardi, shares his 2015 silver forecast. Unlike many investors, Whitefoot expects silver prices to rally, catching markets by surprise. He points to three important factors:

  • The S&P 500 is overvalued by 65%, indicating the stock market is in a bubble that will pop soon.
  • Silver has industrial demand that allows it to thrive during periods of economic growth.
  • Supply problems paired with huge demand will drive prices higher.
  • Perhaps the only point our Chairman Peter Schiff would disagree with is that the US economy is going to continue to improve in the coming years. Nevertheless, the case for silver prices rising significantly this year and into the future remains. Many of Whitefoot’s arguments are also explained in detail in our free special report – The Powerful Case for Silver. Download it here.

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    Apr 26

    Silver-Bars

    Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History? (Economic Collapse, April 24, 2015):

    Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit.  As I write this, it is sitting at the ridiculously low price of $15.66 an ounce.  So up to this point, JP Morgan’s investment in silver has definitely not paid off.  But it will pay off in a big way if we will soon be entering a time of great financial turmoil. Continue reading »

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    Apr 04


    Apr 3, 2015

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    Mar 29


    28.02.2015

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    Mar 26

    As I’ve said many times before:

    “Only physyical gold and silver are real.

    Everything else is an illusion.”

    Paper investments in gold and silver will not be covered and there is a bloodbath coming.

    The coming crisis will make 2008 look like a walk in the park.


     

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    Madness Coming To Gold Market: “There Are Thirty to Fifty Owners For Each Ounce of Gold That’s Out There” (SHFTplan, March 25, 2015):

    Though the price of gold has seen a significant drop over the last two years from it’s all time highs of about $1900 per ounce, many experts and analysts believe that western central banks and their colleagues at major financial institutions have been manipulating the price. The rampant manipulation is believed to stem, in part, from the formerly Rothschild owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.

    It is this unilateral control by western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars.

    The Daily Coin explains: Continue reading »

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    Feb 28

    H/t reader squodgy:

    “This essay perfectly sums up the state of Western economies. It’s like those of us who are awake are all standing like deer in the truck headlights……

    But the rest are sat quietly with their heads in the ground, they sense something’s wrong, but can’t handle it…”

    … or …

    …those who are awake saw the tsunami coming way before impact and have left the beach facing an uphill battle through the jungle of disinformation, but are moving into the right direction (which is more often than not an alone journey), up that mountain of knowledge and preparedness, while the rest is still enjoying their piña kool-aid-a until impact.

    Totally unsustainable:

    Is This The Most Important Chart For The Future Of The World’s Reserve Currency?

    This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%

    ‘All in’ … for preparedness:

    Food, water, survival gear, a remote farm, … aaand physical gold and silver to protect your financial assets.


    PM

    All In…For Precious Metals! (Gold-Eagle, Feb 26, 2015):

    Before getting to the topic of “all in for precious metals!”, I have a story for you which may be of interest. All the way back in 2002, I travelled out to Colorado Springs for the shareholder meeting of a very small and obscure royalty company named Golden Cycle Gold. While there, we did a tour of the Cripple Creek mine and its operations. The nearby town, Victor, looked nearly like a ghost town 30 miles off the beaten path. The only industry was the mining operation and a little bit of tourism. During my trip, I met a long time Director of the Golden Cycle Gold Company, “Frank,” he had a different view of economics than almost anyone I knew. He believed the U.S. was bankrupting the country with armaments manufacturing, just as did the old Soviet Union. Consequently, the U.S. would eventually meet the same economic fate during a currency collapse of the dollar, as had happened to the ruble… Continue reading »

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    Feb 20

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    Why ZIRP/NIRP Is Killing Fractional Reserve Banking & Forcing Deposits Into Gold (ZeroHedge, Feb 18, 2015)

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    Feb 06

    CME Hikes Silver, Brent, RBOB Margins (ZeroHedge, Feb 5, 2015):

    In case algos still haven’t gotten the message to jump all aboard into the S&P, here comes the CME with a gntle nudge in the form of 90 pages of margin hikes including Brent, RBOB and, just in case there is still anyone who wishes to trade paper precious metals against the BIS, silver. In fact, at first glance it appears the only future  whose margin was not hiked was stocks: apparently stocks are never volatile enough for a margin hike.

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    Jan 30

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    Gold & Silver Extend Losses – Biggest Drop Since 2013 (Zerohedge, Jan 29, 2015)

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    Jan 16

    Physical gold and silver (stored outside the banking system!) will protect your financial assets.

    Even more important will be water, food, …, etc.

    I want to add that I do not agree with experts, like Marc Faber, that recommend to store your gold in a vault in Singapore or Switzerland.

    Related info:

    ‘This Will Be A Literal Collapse Of The Entire Global Monetary System’

    Marc Faber Redux: ‘I Don’t Trust Anyone … Hold Gold Outside The US’

    The Importance Of Owning Your Own Bullion And Storing It Outside The Banking System

    RED ALERT: World’s Biggest Gold Storage Company Dumps US Citizens

    Government Cracks Safe-Deposit Boxes

    US DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!

    James G. Rickards of Omnis Inc.: Get Your Gold Out Of The Banking System


    Gold-bars

    “If It’s Not A Hard Asset, It’s No Asset” (Project Chesapake, Jan 8, 2015):

    There are many people that give you a list of things you should have if something bad suddenly happens. There is nothing wrong with that but many people never give much thought as to why those things are valuable during or after a crisis.

    How many times has someone told you to hold physical stock certificates or treasuries in case the banks are shut down or keep your credit card paid up just in case you need to make emergency purchases? I’m guessing not very often. Why is that? In normal times it might be a smart thing to do but in a serious crisis that has the capacity to change society, those things become worthless.

    Everyone has read the many stories about what would happen if the power grid were to go down. Basically everything that depends on electricity would stop working and become useless. Well, if the banking system were to shut down because of economic collapse, cyber attack or a grid down scenario, everything connected to the banking system would stop working as well. Continue reading »

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    Jan 12

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    Crude Crash Erases Stocks’ “Catastrophe” Exuberance, Bonds & Bullion Surge (ZeroHedge, Jan 12, 2015)

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    Dec 30

    Stocks Give Up Santa Rally Gains

    Bonds & Bullion “Safety Bid” As Stocks Give Up Santa Rally Gains (ZeroHedge, Dec 30, 2014)

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    Dec 25

    COMEX-Silver-Futures

    Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

    The Lawless Manipulation of Bullion Markets by Public Authorities (Paul Craig Roberts and Dave Kranzler, Dec 22, 2014):

    Note: In this article the times given are Eastern Standard Time. The software that generated
    the graph uses Mountain Standard Time. Therefore, read the x-axis two hours later than the axis indicates.

    The Federal Reserve and its bullion bank agents are actively using uncovered futures contracts to illegally manipulate the prices of precious metals in order to keep interest rates below the market rate. The purpose of manipulation is to support the U.S. dollar’s reserve status at a time when the dollar should be in decline from the over-supply created by QE and from trade and budget deficits. Continue reading »

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