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12.11.13- Silver – Letting The Market Speak
It may satisfy many to know this information, but we are more interested in what translates into results, where can a market turn be determined, where price is likely to go, etc, etc, etc? This is where the challenge lies, for it comes down to timing in order to enter or exit a market, seeking profit opportunity in the process. Read More |
12.10.13- Silver Set to Double,
And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe. Actually, the first "sign" came to us back in January when Apple had to delay new 27-inch iMac deliveries by up to four weeks. Of course, the company never specified exactly what was causing the delay... but the rumors flew. Read More |
12.09.13- Alex Stanczyk: Physical Supply Never Been Tighter
Koos Jansen: What was the purpose of your trip to Switzerland? Alex Stanczyk: The purpose was two fold. We go to Switzerland once a year as part of our governance, we’re required to have an annual inspection of the gold, that was the main purpose of the trip. But in addition to that we also liked to talk to the refineries. Read More |
12.07.13- There Is Too Little Gold in the West
An examination of the facts shows that central banks have been on the back foot with respect to Asian gold demand since the emergence of the petrodollar. In the late 1960s, demand for oil began to expand rapidly, with oil pegged at $1.80 per barrel. By 1971, the average price had increased to $2.24, and there is little doubt that the appetite for gold from Middle-Eastern oil exporters was growing. Read More |
12.06.13- Gold And Silver – Reverse Bubble.
There are so many pieces to the entire puzzle, and for all the known ones, those which are most important are unknown to the great majority. All one can do is to continually monitor events and prepare accordingly. The best predictor of the future has always been past behavior. For centuries, the most reliable preparation has been the ownership of gold. Read More |
12.05.13- Silver and Gold as Currency Commodities
This purchasing power ratio is strengthened by the fact that there are 17 ounces of silver for every 1 ounce of gold in the earth's crust, although physical silver stocks have dwindled as the metal is used in a wide variety of industrial applications. Historic Purchasing Power It has long been said that an ounce of gold will buy a custom tailored men's suit. In the 1930s, an ounce of gold cost $35, and a suit was nearly the same price. Read More |
12.04.13- Ron Paul: Bitcoin Could
The digital currency Bitcoin promises all these things. And while it's far from achieving any of them -- its value is unstable and it's rarely used -- some have high hopes. "There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added. Read More |
12.03.13- Gold Drops Below Cash Cost, Approaches Marginal Production Costs 
As we showed back in April [7], the marginal cost of production of gold (90% percentile) in 2013 was estimated at between $1250 and $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1125... Of course, should the central banks of the world succeed in driving the price of gold to or below its costs of production (repressing yet another asset class into stocks) then we fear the repercussions will backfire from a combination of bankruptcies, unemployment, and as we have already seen in Africa - severe social unrest (especially notable as China piles FDI into that region). Read More |
12.02.13- Gold & Silver – Reverse Bubble. Huge Rally When Broken 
Gold and silver are in reverse bubbles, if you will, where price has been both severely distorted and suppressed by central banks, the visible tools of the otherwise hidden moneychangers, those on the top of the population pyramid who want to control and enslave the entire world in a totalitarian state of existence. Ironically, the best and only hope for the [not so] free world comes from China and Russia. It is a twisted world in which we live. There are so many pieces to the entire puzzle, and for all the known ones, those which are most important are unknown to the great majority. All one can do is to continually monitor events and prepare accordingly. The best predictor of the future has always been past behavior. For centuries, the most reliable preparation has been the ownership of gold. Read More |
11.30.13- And Now, for Something Entirely Different: Rita-Hayworth-is staying alive
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11.29.13- Hyperinflation Of The Reserve Currency
Reserve currencies are not immune. Slowly, the status of the dollar as reserve currency is slipping away. Rumblings of a re-arranging of trade status are approaching a feverish pitch. Read More |
11.28.13- At a Crossroads 
Despite its recent weakness, the world is still viewing gold as a store of value. Overall demand remains strong. As Eric Sprott points out, “It’s staggering to think demand for gold is twice global mine production.” China is now the largest gold buyer and producer in the world. And with their economy looking better, gold continues getting a big boost from this area. Gold’s steps are your friend For now, all is still good on the basing front. And our best bet is to keep track of the stepping stones because gold is at a crossroads. They served us well on the way up, and they’ll serve us well now. Read More |
11.27.13- Silver & Gold: When Money Is Corrupted - Hidden Secrets Of Money 5
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11.26.13- When Gold Demand Awakes a Sleeping Dragon
Tolkien was on to something, I believe. His words come to mind because I keep seeing more and more news about China — the national symbol of which is the dragon — and its many citizens buying more and more gold. It's fair to say that China and the Chinese hoard yellow metal. Not long ago, for example, I saw video of Chinese rioting over access to a gold-selling mall in Shanghai. Evidently, some Chinese are desperate to convert their currency into gold. It's a gold-lust much like that of Tolkien's gold-loving dragon named Smaug: Read More |
11.25.13- Platinum Demand Is Soaring 
The precious metal space has been stressed for much of 2013 as investors shunned safe haven investments for high growth equities backed by the surging financial markets and Fed tapering concerns. While gold and silver remain the favorites of investors, the most popular white metal – platinum – is gaining increased traction of late. In fact, platinum has outperformed its two cousins – gold and silver – so far this year. The price of platinum has fallen 8.4% in the year-to-date time frame compared to losses of 24% for gold and 33% for silver. Platinum is one of the rarest precious metals on the earth and is often overlooked by investors. It could be considered an extremely lucrative investment avenue given demand/supply dynamics that would lead to higher prices for platinum heading toward the next year. Read More |
11.23.13- Collapse Imminent: Got Silver? 
How To Win the War on Your Wealth The year 1941 was a climatic one for the world. As the Second World War exploded with one catastrophe after another, Joseph Stalin told America and England that whichever side had more petroleum engines would win the war. Plain and simple. The Soviet Union echoed this message in desperate hope of acquiring new wartime allies in England and America. The primary goal: to combine resources in order to defeat Hitler-controlled Germany using the biggest source of energy the world had at the time. Read More |
11.22.13- Examining Silver and Deflation
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11.21.13- Silver Fundamentals from a Historian's Perspective 
Ryan Jordan, Ph.D., is a professional historian, author, and college professor. He is the author of He sees silver fundamentals from the perspective of a historian and as an astute observer of present conditions. He studies the drivers of the silver market, supply, demand, mining, inflation, investment sentiment, central bank bond monetization policies, and politics. What does he think? Demand for silver is strong! "Yesterday, the US Mint confirmed a record year for sales of silver coins– and we still have six weeks in the year to go. Yes, the roughly 40 million ounces of silver only accounts for maybe 5% of overall demand, but it also represents a huge increase from a decade ago when it comes to investor interest in physical metal. Read More |
11.20.13- The Once in a Lifetime Gold Trade 
The conditions in the market are setting up for a once in a lifetime gold trade. Most of the participants don’t know it because they have their face and eyes firmly placed up against the television screen called the MSM — Main Stream Media. As they focus on the manipulated information and schizophrenic Fed press releases, there’s another show taking place on a different channel very few are aware. It’s called GOLD: Hidden Secrets of Money. Yes, this is the video series that Mike Maloney and the folks at GoldSilver.com put together. It is probably one of the best video series describing the fraudulent fiat monetary system run by the Federal Reserve that has siphoned and stolen wealth from Americans as well as citizens throughout the world. Currently the ranking of this gold show on the air waves is very low, but that will change in the future. Read More |
11.19.13- Have We Reached a Selling Climax?
It is unusual to see open interest increase substantially on falling prices. In gold, it represents additional short sales amounting to 72.4 tonnes since 6th November, and in silver nearly 2,600 tonnes. So far it has failed to drive the gold price below $1200, but if last week was anything to go by then a bear-raid later today cannot be ruled out, when Far Eastern buyers are absent from the market. Read More |
11.18.13- Gold: Short Term Sell 
There are two major gold trends we MUST cover today. This is timely stuff – like usual – so listen up! Follow the wrong gold trend and you could be in for a quick, money-losing surprise. But follow the correct signal, and you could stay one step ahead of the pack… We're witnessing the passing of the torch, quite literally. Read More |
11.16.13- Gold And Silver – When Fundamentals Fail And Charts Prevail 
There is a decline in the number of reads in our articles that do not provide a fully developed "fundamental" story about why gold and silver should be much higher in price, [but are not]. Relying upon charts to more accurately capture the developing "story" does not capture the imagination of as many readers, for whatever reason. We attribute this to Confirmation Bias where a reader wants to read an article that confirms his/her beliefs The accuracy/validity/truth may or may not be true, but is satisfies an emotional need for affirmation. The true story of gold and silver is a simple one. There is a recognized and acknowledged shortage of supply in opposition to the greatest demand for both precious metals, for at least in recent memory, if not all time.Read More |
11.15.13- Silver Market Facts  The silver market is tiny. About 700 million oz. of silver are mined each year worldwide. About 200 million oz. recycled. About 100 million oz. from "other" sources, like governments. That's the supply side. At $20/oz., this is a $20 billion annual market.
On the demand side, most all or more of the silver that is mined each year is consumed and used up by industry. Only 100 million oz. is bought by investors. At $20/oz., that's $2 billion physical silver bought per year by investors. These numbers don't change much from year to year, and two companies produce similar numbers, which you can look up at the silver survey companies cpmgroup.com and silverinstitute.com. Read More |
11.14.13- Platinum: Today’s ‘Rich Man’s Gold’ Palladium: Tomorrow’s?
Platinum is usually more expensive than gold. But for well over a year, it actually traded for less – substantially less. One could purchase a troy ounce of platinum for $150 or so less than a troy ounce of gold. (As a side note, during the time of this unusual inverted pricing relationship, in expectation of the “norm” reestablishing itself, I placed a long platinum/short gold spread trade. Of course, this did indeed take place and I was able to make a good profit on the trade.) Read More |
11.13.13- The Siren-song of Welfare State
There is not one single national economy in the world today whose people are free to do as they wish; it is not so much that people are forbidden to do what they think best, as that their choices are being narrowed, day by day, to being able to do only what is allowed. Read More |
11.12.13- The Dow Faces Hurricane Winds To add to the confusion, the recent US jobs report was deemed bearish for gold, but then Ben Bernanke gave a press conference, and he was quite emphatic that the declining employment participation rate is a serious concern. Gold has been drifting sideways since April. The bulls have argued that the recovery is too weak to taper quantitative easing, and the bears say tapering is inevitable. Read More |
11.11.13- Gold And Silver – Cognitive Disconnect Between Physical And Paper
Cognitive dissonance: an inner need to maintain harmony in one’s attitudes and beliefs while avoiding disharmony, [dissonance]. When a conflict arises that produces a sense of inner discomfort about one’s beliefs or attitudes over something that promotes an alteration of those same beliefs and attitudes, there is a driving need to restore the inner balance or calm. In other words, it is easier to go along in order to get along. Read More |
11.09.13- Gold Fever: Coming Global Currency Reset Will Double Gold Overnight! 
As introduction to this article on the bizarre nature of all things economic and financial within the Untied States, consider once again the Deflation Knuckleheads. Be sure to know that the Jackass considers Rick Ackerman to be one of the premier technical chart analysts in the world. He has taught me in the past from his T/A work, even as his hidden pivots are unique and enlightening. In 2011, we were at odds over the incessant errant ramblings about deflation and its great threat. In August of that year, the Jackass penned a public article in an attempt to clarify the inflation and deflation factors being simultaneous, not at all mutually exclusive or in some debated sequence. While respect is still high for Rick, he has misquoted me, not demonstrating the depth of knowledge concerning the incredibly difficult topic of inflation. The distortions run so deep on the topic, that even smart folks fail to comprehend. Read More |
11.08.13- Confusion in Beijing's gold shops on price manipulation
"Gold community in China is much different from western world. The customers are mostly old people (not discribed Chinese Dama [Bron - means middle aged married women]). Their only purpose is to preserve their savings (to against inflation) which earned by hard working of their whole life. When we go to Beijing's biggest gold shop and see some old couples sitting there, looking at gold price chart monitor with hopeless eyes (someone even have heart attack), we are filled with anger. Those good natured and hard working people, they don't chase equities or any kind of riskier investment, they buy gold for safety only. But now, the community is mostly hurted. Read More |
11.07.13- Precious Metals: The Emerging Asset Class
Yes, the markets are flying high, and if history is any guide stocks look to be on the cusp of the kind of parabolic breakout that characterized the 1982 to 1987 and 1993 to 2000 bull markets, where conventional markets went up 4 and 5 times, respectively. It looks as though 2008 is a distant memory– heck, one wonders if what occurred 5 years ago even matters at all, when looking at current stock prices. Read More |
11.05.13- Why Silver Prices Could Easily Double from Here
In the same period last year, the Mint only sold 28.94 million ounces of silver in coins. A general negativity by investors surrounding silver this year has not stopped people from buying silver coins. In fact, demand is up 35% so far in 2013. (Source: U.S. Mint web site, last accessed November 1, 2013.) Meanwhile, if I look at the chart of the gold-to-silver ratio—which shows how much silver is needed to buy one ounce of gold bullion—silver prices look undervalued. (I've posted the chart for my readers below.) Read More |
11.04.13- Gold And Silver Price – Fundamentals Do Not Matter
Will it end? Yes, but as it has been the biggest mystery, no one knows when?! While the golden grip continues, it is inexorably loosening. The United States, and by extension, the United Kingdom, is fast becoming more and more isolated. First, it was the natural opposition, Russia, China, morphing into the BRICS. Unable to sustain their no longer warranted arrogance, the Western alliances are now falling apart. Note the cover from Die Zeit, symbolic of the growing attitude of the rest of the world toward the US: Read More |
11.02.13- 12 Reasons Why Gold Price Will Rebound and Make New Highs in 2014
Investor sentiment towards precious metals is at the lowest level in over a decade. Many analysts believe the bull market is over and are calling for sub-$1,000 gold in 2014. Even diehard gold bugs are losing faith, as the correction has been longer and more severe than most had anticipated. So, is it time to throw in the towel? Is the bull market in precious metals really over? In order to answer this question, I thought it would be constructive to re-visit the fundamental drivers of the gold price and determine if anything changed over the past two years to weaken the bullish case. Read More |
11.01.13- Silver and gold: Lone options in an exponential world?
Inflation and the Big Banks Obviously, moderate to runaway inflation is horrible for the middle class and poor. Inflation is less of an issue for large financial institutions who get first dibs on newly created credit via primary dealer status. More dollars inflate the nominal size of their balance sheets -- a positive in the eyes of shareholders. Read More |
10.31.13- TRICK OR TREAT: Fed Smashes Gold & Silver While
In a 24 hour period, silver traded more than 5% from highs to lows. Nothing like a dose of volatility to get investors ready for the Halloween festivities. While the traders were focused on the “FED TRICK”, in the precious metal markets, few realized the “GOLD TREAT” as the U.S. Mint updated its Gold Eagle figures showing another 2,000 oz of the coins were sold since their update yesterday. Read More |
10.30.13- As Good As It Gets... For A Buy
The U.S. dollar is now clearly bearish, and since gold and the U.S. dollar generally move in opposite directions, this is very bullish for gold. So is the fact the Fed’s QE stimulus is currently expected to continue well into 2014. Plus, gold tends to rise every time Congress raises the U.S. debt ceiling. And with the debt ceiling recently lifted, gold is indeed looking upward. Read More |
10.29.13- Silver Launchpad
After plummeting a brutal 39% in the first half of 2013, silver naturally remains deeply out of favor today. Investors don't want to touch it with a ten-foot pole, convinced silver will soon roll over to plumb ugly new depths. Investors as a herd always hit peak bearishness after exceptionally-large selloffs, extrapolating the downtrend continuing indefinitely. But when major lows are witnessed is exactly the wrong time to be bearish. Read More |
10.28.13- Hyperinflation and
Hyperinflation is a currency event. It does not arise as a result of increase in demand but as the inevitable consequence of a collapsing currency. When a country for an extended period lives above its means and prints money which it can never pay back, the rest of the world will punish the country and its currency. It took the US over 200 years to reach a debt of US$8 trillion. Since Bernanke became chairman of the Fed in 2006, US debt has more than doubled to $17 trillion. That is an incredible ‘achievement’ and the beginning of the parabolic rise of US debt not by tens of trillions but by 100 of trillions of dollars. This is no different to the Weimar Republic or Zimbabwe and a completely natural consequence of what is happening now. Read More |
10.26.13- Gold And Silver – Sticking With The Charts, From A Buddhist Perspective
The cliché for that is, “you cannot know where you are going until you know where you have been.” One of the most direct applications of this wisdom of the ages is found in charts. Left to the realities of supply/demand factors, gold and silver would be considerably higher, already. We can think of no other commodity situation with unprecedented demand and shrinking supply that has done anything else than drive price much higher. The fiat cartel will not allow reality to supplant their massive wealth-transfer Ponzi scheme, as it enters the final stages like a cancer consuming everything until inevitable death results from this banker faux-Kabuki theater. Read More |
10.25.13- Silver Manipulation: The Tip of the Iceberg
The time is nigh... "We, as individuals, can live beyond our means by borrowing, but only for a limited period of time. Why then should we think that collectively, as a nation, we are not bound by that same limitation?" — Ronald Reagan In 2005, U.S. debt was $5.6 trillion. In 2010, our debt reached $13.5 trillion. Read More |
10.24.13- Oversold Gold Does the Trick, Bulls Get the Treat
Investors may have dreaded October heading into the month for various reasons – not the least of which was the U.S. government shutdown and debt ceiling showdown. But the "scariest month" is turning out to be nothing more than a phantasm heading down the final stretch. In this commentary we'll examine where gold is likely headed thanks to a historic technical condition mentioned in previous commentaries. Read More |
10.23.13- Gold, Silver And The Debt Ceiling
And back in the real world where people work and support their families, life goes on, few noticed the lack of government "services," and in three months we will be blessed with another episode of our "Congressional Reality Show." Read More |
10.22.13- Silver To Hit New Highs Despite Bearish Forecasts
Of course, this realization today may seem like selling ice water to an Eskimo by the silver investor as precious metal sentiment is at a decade low — or even lower. Furthermore, I have heard through the grapevine that even some of the precious metal analysts have thrown in the towel and sold their gold and silver miners for the typical large cap stocks on the S&P and Dow Jones. Read More |
10.21.13- Silver becomes more precious as technology advances, ASX "plays"
For the past three-decades the world has used up more silver than has been mined, with rising demand and diminishing supply set to provide support for the silver price. The price of the metal may have recently fallen in half, but this could be the ideal opportunity to look at Australian Stock Exchange listed silver stocks which could be set to ride the next silver boom. Read More |
10.19.13- The Biggest Central Bank Gold Buying Spree Since 1964
Overseas investors holding U.S. assets are also watching this nonsense, and they are voting with their wallets. Needless to say, it's a vote of no-confidence. However, one asset class stands to benefit in the long term: gold. But gold continues to be one of the worst-performing asset classes in 2013. And as my colleague Larry Edelson pointed out recently: Gold's interim bear market is not over yet. Read More |
10.18.13- JP Morgan's Perfect Silver Manipulation Cannot Last Forever
This article brings clarity in the precise mechanics of JP Morgan’s silver price manipulation. It goes to the heart of the manipulative tricks. Read More |
10.17.13- Gold Resurrection from Financial Disaster
No Plan B is on the table. The central bank is stuck in a destructive cycle with no viable workable exit strategy. They operate with no perceived risk reward, only desperation to delay the certain collapse, proved by the wrong-footed Taper Talk. They must continue the Zero Interest Rate Policy (ZIRP) forever and the Quantitative Easing (QE) to infinity. They preside over failure with a franchise model that causes great capital destruction in the climax phase. The current grand monetary experiment is untested, and is proving to be a glaring disaster. They have sold a moral hazard to the entire world like a passed goblet of hemlock. Rather than stimulus, the monetary policy produces killed and retired capital. Read More |
10.16.13- Silver Prices
Silver is much like gold in that it seems to do best when the dollar is at its worst. It’s why many investors choose these precious metals when times are rough in the United States. The only problem is when times are uncertain, like now, it’s difficult to determine where these precious metals will go. The government shutdown has affected silver prices significantly. It's been ongoing since September 30, 2013, when the Senate and House could not come to an agreement on the country's budget deficit. Now the debt ceiling is fast approaching, and without a decision by October 17th, the U.S. could default on its bills, which could send the economy into a horrific frenzy. Read More |
10.15.13- Long Gold, Short Silver And Exponential Demand
Each day more conspiracy theories are becoming conspiracy fact. From Enron to Madoff, the NSA to LIBOR, these scandals were "known" years before being acknowledged or embraced by officials or the mainstream media. What remains unknown is the distortion this "new reality" will have on behavior and ultimately, the market and nowhere has the distortion been allowed to continue for as long as that associated with the Precious Metals. Read More |
10.14.13- Race To Debase - 2000 To 2013 Q3 - Fiat Currencies Vs Silver & Gold
In the 21st Century, fiat currency has lost an average of 78.16% of its value to Silver. Which paper currency is the biggest loser to Silver thus far? The Congolese Franc, having lost 99.89% of its value to the white precious monetary metal. Read More |
10.12.13- Gold and Silver – Western Bankers [Forced] Bowing To China
On Friday morning, gold trading was shut down for 10 seconds in a “stop logic” event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, [10 seconds???] “designed to prevent exaggerated price movements.” In a sorry-ass explanation that defies common sense, except to protect the criminal exchange behavior, we give this CME propaganda no further consideration. Read More |
10.11.13- The Fire Fueling Gold
September’s correction only adds to the negative sentiment toward the precious metal. The assumption from many market pundits is that gold is no longer attractive as an investment. With rising rates and continuing low inflation, U.S. investors believe they have a solid case for selling their holdings. However, this could be a premature assessment, causing these bears to potentially lose out on a lucrative position. Read More |
10.10.13- The Wild, Wild West: Dispatches from the lawless frontier of
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10.09.13- Government Shutdowns, the Debt Ceiling and Gold
Political Grandstanding and the Dreaded 'Shutdown' There have been 18 so-called 'government shutdowns' in the US in the past four decades, including the current one. Some were of very short duration, lasting only a day or two, a few lasted much longer (the record was the 21 day event in 1995). These shutdowns tend to happen fairly regularly when the administration is in cohabitation with a Congressional majority in the hands of the opposition party. Read More |
10.08.13- This Resilient Commodity to Ready for a Big Comeback
For many investors, 2013 was supposed to be the year that silver regained its luster. Most economists thought silver would climb as a hedge against inflation and be a devalued dollar on the heels of continued economic turmoil. Or, assuming the economic rebound was in full swing, it would grow due to industrial demand for everything from solar panels to electronics, batteries to the automotive industry. Strangely, none of that happened. Silver benefits by being both a precious metal and an industrial metal. As an industrial metal, investors need to actually see enough economic growth before they can ride that bandwagon. As a precious metal, silver is being taken along for the ride by investors fleeing gold. Read More |
10.05.13- The Calm Before The Precious Metals Storm
After trillions of dollars of so-called monetary assistance, the financial damage appears to be repaired giving the public a false sense of security that the storm has finally passed. Unfortunately, the world has only dealt with the first part of the storm and is now sitting in the eye of the financial cyclone. Read More |
10.05.13- The True Price of Gold
But what price do people pay if it isn't the spot price plus a couple of percentage points? The individual who buys a piece of jewellery in a US or European shop could be paying up to four times the price of the gold content due to taxes, labour, overheads and profit margin. This puts the price at around $5,200 per oz. Read More |
10.04.13- Mind Blowing Silver Manipulation Proof for Good Cop Chilton Yesterday at 11:30 AM, I was doing the research for this piece when I got violently sick. I then spent the next 20 hours in bed; and as I write at 9:00 AM today, I am still having trouble focusing. Hopefully, yesterday represented rock bottom for this year's PM shenanigans; which, by the way, were "conveniently" coincident with the Chinese markets commencing a week long holiday. Not that the PBOC's sovereign wealth funds took the day off – as according to Andrew Maguire, they decidedly didn't; but just as was the case on the May 1st, 2011 "SUNDAY NIGHT PAPER SILVER MASSACRE," it "conveniently" coincided with a Chinese holiday. Read More |
10.03.13- 500 Silver Eagles To Purchase A Home in the Future
In the video, Mike shows that even though the price of silver has fallen considerably from its high in May 2011 of nearly $50, it was only a correction building a base for a much higher move in the future. Furthermore, Mike explores the Gold-Dow Ratio will head back towards the 1:1 ratio and even surpass it by only a half of an ounce of gold buying the Dow. Read More |
10.02.13- Should I invest in gold and silver? What experts say
Silver, this year's biggest faller with a 30 percent drop, is also forecast to rise to $25 by November next year. Platinum prices are expected to stand at $1,675 an ounce, and palladium at $837 an ounce. Gold has dropped this year on the back of expectations that a steadier macroeconomic environment will lead the Federal Reserve to curb its bullion-friendly stimulus measures and boost other assets like stocks at gold's expense. Read More |
10.01.13- Legends of Gold and Silver: Precious Metals Now "Cheapest in History"
They had some very keen insights for metals investors. During the hour-long conversation, Marc Faber, Eric Sprott, Rick Rule, and John Embry discussed where all of these sectors are heading — and why they are still bullish. They even revealed their personal asset allocations for their portfolios and a few of the companies they see really taking off with the next metals bull market. With that said, I'll turn it over to these investing heavyweights... Read More |
09.30.13- Ground Control to Major Tom: Reserves Are in Jeopardy
When you hear about the "gold reserves" a mining company has in the ground, the natural assumption would be that they're talking about a fixed number of ounces. After all, gold doesn't decay, and neither does it grow legs and move someplace else. But assumptions are dangerous. In fact, industry-wide, reserves are likely to fall fairly significantly in the near future. When the gold price falls, it doesn't just have a short-term impact on producers—slashed earnings and forced write-downs—it can affect the number of economically mineable ounces a company carries on its books, or even what it can mine in the future. Read More |
09.28.13- Banking Holiday in Panama Announced!
This morning the National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama says that the reason is to upgrade systems. The Banking Holiday in Panama was announced this am. This system wide shutdown has country wide implications. The National Bank of Panama did not warn the people before making the announcement and shutting down the banks. The people do not have access to ATM's either. We received word of this from family members first. This weekend is payday for people across Panama. Read More |
09.27.13- The Evolution of the
Many are familiar with the option of keeping precious metals in an IRA. Those who understandably refuse to take the penalty for cashing out in order to take full personal possession now have the next best option and a way to get control of their metal. A Historical Perspective Self-Directed IRAs were first introduced in the United States in 1975, shortly after the inception of the IRA. Read More |
09.26.13- James Rickards:
It was a fascinating conversation, as James indicated that the U.S. Fed is manipulating every market in the world in an attempt to abort the country’s first depression since the 1930′s. As a consequence, he notes that emerging countries are abandoning paper currencies in favor of physical gold, in anticipation of a collapse in the international monetary system. Read More |
09.25.13- So You're Looking For A Silver Play? Get Paid To Wait For The Rebound
Silver has been under pressure for the last two years, however, near-term tailwinds in the form of the Federal Reserve's "no taper" announcement exist, which present a trading opportunity. Long term, ever increasing demand for silver despite decreasing inventories annually should result in a higher price for years to come. To harness this likelihood, now may be the time to invest in silver equities that pay you a dividend to wait for the rise in silver prices. Read More |
09.24.13- One more sell-off in the gold and silver before we will take off,
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09.23.13- Silver – Not Ready For Prime Time
Everyone familiar with or interested in silver knows about the dwindling supplies, the manipulation of the COMEX/LBMA paper markets, the M F Global disappearing act of accounts that stood ready to take delivery of [unavailable] silver, the inability to make good on deliveries, etc, etc, etc. All facts sufficient to drive silver to above all-time highs, yet price continues to languish in the $18 – $25 range. Read More |
09.21.13- The Path to $10,000 an Ounce Gold, Revisited
This week, we saw the spectacle of the most anticipated Fed meeting in recent history. In the end, the decision (surprise, surprise) was made to continue the Fed’s stimulus plan, to the tune of $85B a month. However, most traders, obsessed with the tiniest tweaks to the monthly rate of Fed printing, are missing the big picture: Credit growth has outpaced the economy’s productive potential, both here and around the globe. Each successive growth spurt in money and credit has a weaker marginal impact on the real economy; this requires permanently easy monetary policy, and perhaps, eventually, a formal devaluation of paper against gold. Read More |
09.20.13- Gold And Silver Prices - Mapping Short-Term Volatility
Downside Probability Jobs data comes out every few weeks. This almost always puts downside pressure on the market, with about a 90% probability. Also, presidential press conferences tend to have a 70% downside probability. The powers that suppress the precious metals prices cannot have metals surging while the president speaks. Read More |
09.19.13- Marc Faber says QE unlimited now ahead and that's good for gold, oil and silver but not for US stocks
As the Fed backed off from winding down QE today Bloomberg spoke to Marc Faber, publisher of the Gloom, Boom and Doom Report, about the market outlook now. He told Trish Regan, Adam Johnson and Matt Miller to expect ‘QE unlimited’ and that Janet Yellen would ‘make Mr. Bernanke look like a hawk.’ Faber also said, ‘When I look at the market action today, I would like to see the next few days, because it may be a one-day event. The markets are overbought. The Feds have already lost control of the bond market. The question is when will it lose control of the stock market.’ Read More |
09.18.13- SILVER: The Best Performing Asset Since Lehman
Here we can see that silver has outperformed all of the financial assets as well as the major commodities such as copper, Brent Crude, corn and wheat. What is even more amazing is that silver has still taken the number one position even though its price has fallen 56% since its high in May of 2011. Furthermore, the gains by some of the silver mining stocks have actually surpassed the price of silver by several factors since 2008. While the S & P 500 has risen 45% since the collapse of Lehman, silver is up 80%. Read More |
09.17.13- Get ready, the silver price is heading up
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09.16.13- Could You Imagine This
On Friday, majority leader of the Senate Harry Reid made comments on the floor regarding Tea Party members. Specifically he said:
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09.14.13- A Shocking Allegation From Andrew Maguire To Which the CFTC Must Respond Publicly, Or Answer To Congress
Maguire says that he knows that two JPM employees have come forward as whistle blowers, and have sought legal aid and protection, alleging that they have testimony and evidence that J P Morgan has willfully manipulated the gold and silver markets. I do not know Andrew Maguire. I do not know if what he is saying is accurate or not. Read More |
09.13.13- Silver-Based Memory Devices May Replace Flash Drives
This burgeoning technology for storing information will eventually replace flash memory – used in thumb drives and many notebooks. Currently, all tablets and smartphones use flash memory, but that too will change in coming years as ReRAMs take their place. Read More |
09.12.13- Silver: Gold's Not-So-Ugly Stepsister 
Bullion investment now represents a quarter of total world demand for silver. However, while investment demand rose sharply over the past five years, this demand did fluctuate significantly each year. To predict future price moves it is helpful to look at current investment trends and couple this information with demand trends for silver in industry. The Silver Institute breaks silver investment demand into two useful categories: implied net investment and coins & medals. Read More |
09.11.13- Never Forget 911...and Never Stop Asking What it Really Was 
Each year I like to take a pause to remember 9/11. After all, it was the false flag inside job terrorist attack that has changed everyone's lives on Earth so dramatically. This year comes with a little bit extra, however. Like a surprise Christmas eve gift, this year's 9/11 eve came with something even more insane than normal. Nobel peace prize winner Barack Obombya made a special appearance on American TV programming (it's not called programming without reason) to try to plead his case to rain down hell upon innocent men, women and children... somewhere else. Read More |
09.10.13- The Energy Factor to Push Gold to New Highs
Gold and silver are monetary metals because they function as a store of “Economic Energy”, a term coined my Mike Maloney. Basically, the precious metals are batteries that store this trade-able energy value. In the past when a country would print too much fiat money (not backed by gold), economic upheaval would occur as the public lost faith in the currency. To restore faith back in the system, the government(s) would revalue the price of gold relative the amount of fiat currency in circulation. Read More |
09.09.13- Precious Metals in a World that is Flat, Fungible and Fiat
As a case in point, the impact of the recently announced Fed QE taper plans on the exchange rate of emerging market currencies has been rather dramatic to say the least. The threat of tapering has sent shock waves across emerging markets seeing sharp crashes in the value of Indonesian and Indian currencies. Even the Mexican Peso has been hit substantially as hot money investors' interest returns to Dollar assets. Read More |
09.07.13- Massive Debt Levels Will Push Silver to $150 and Beyond
The process of the devaluation of gold and silver, started by the demonetization of gold and silver, is about to reverse at a greater speed than ever before. This is similar to what happened during the late 70s, when the gold and silver price increased significantly. However, what happened in the 70’s was just a prelude to this coming rally. The 70’s was the end of a cycle, this is likely the end of a major cycle; an end of an era of the debt-based monetary system (dishonest money). Read More |
09.06.13- Gold's rise will
Lassonde spent the summer in Europe, he told King World News, where he witnessed a contracting economy everywhere he went. Shopkeepers and taxi drivers in France tell him business has fallen 10-40% this year alone. The situation is no better in Germany, Spain, Italy and Portugal, Lassonde added. Read More |
09.05.13- Using Gold to Forecast Silver's Final Blow-Off Rally
I have previously written about how gold can be used as a leading indicator for silver. Using this principle, there is an indication that we are at or close to the period for a 1979/1980 style rally in silver. The following is a simple concept but can make for some intense reading (a lot of concentration and possibly re-reading is required). Below is gold chart from 1968 to 1975: Read More |
09.04.13- Off to the races
Fortunately, after staggering along the lows, the precious metals are off to the races once more - with gold rallying more than 18% and silver 31%. This remarkable performance continues even in the face of the Fed's sustained tapering threats. The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year. Read More |
09.03.13- Gold Gained Back All Its Losses and Silver Rocketed Higher
Not to mention, the fact that due to Obamacare, many restaurants are no longer offering full-time, benefit-paying positions. In Europe, too, we are told the economy is "recovering" – per a recent "diffusion index" showing manufacturing employment slightly above 50 last month. Read More |
09.02.13- Carney inspires gold investment
It makes you wonder what kind of state Mark Carney has left the economy in, especially as he's now over here charming the masses. To be fair to him he did not order any money printing whilst in Canada but he was a clear fan of low interest rates and the actions of other Western central bankers. This is not good news for the UK's savers, whom Carney has shown little sympathy to in the past. Read More |
08.31.13- Aye, Me Hearties--Why There's Still Old-Fashioned Treasure Out There
Don't we all dream of digging a hole because we just know there's something there, and hearing that telltale clunk of our spade striking the lid of a treasure chest filled with gold doubloons? Fact is, the precious metals mining sector—although by many derided, as Doug Casey says, as a "choo-choo" industry—is one of the last bastions where wannabe daredevils can still dream big. Read More |
08.30.13- Gold And Silver Ratio
That was then but this is now. Since 1900, the Gold/Silver ratio has been far more volatile ranging as high as 100 to as low as 16/17 at the time of both gold and silver's peak in January 1980. The ratio peaked once again over 100 in 1991 and since then has been on a downward trajectory hitting a low of 32 at the time of silver's peak at $49.50 in late April 2011. Read More |
08.29.13- It's All A Question Of Timing!
I can remember when I started writing back in early 2004; never in my wildest nightmares could I have believed the citizens of this Country would passively ignore reality while the very foundation which made the US the greatest Country in the world is being destroyed by one "executive order" at a time. Read More |
08.28.13- Silver And Gold:
By the behavior of silver and gold spot prices over the past two plus weeks it almost appears the breakout is underway. Perhaps it is as many would like to think. But let's not speculate ahead of ourselves without support of logic and the holding of no misconceptions about metal price rise. Fact: the price of silver and gold is going up, because the value of fiat currency is going down. Read More |
08.27.13- Three Fallout Predictions from the Syrian Civil War
Stateside, stocks slipped after Secretary of State John Kerry effectively toughened the administration's stance on the conflict. Warships are on the move. The market will certainly open much lower this morning as traders go on the defensive… But there's more at stake here than U.S. stocks having an off day. The situation in Syria is rippling across global markets. With this in mind, I'm going to detail three main side effects of the developing Syria crisis to give you the chance to strategically position your portfolio. Read More |
08.26.13- The Long Awaited "Big One"
Sinclair states that as long anticipated, the bullion banksters have flipped and have clearly begun manipulating gold and silver to the bullish side, as the most massive move of the entire bull market lies directly ahead. The manipulation of the price of gold now favors the bullish side of the gold price structure. Read More |
08.24.13- Steak and Potatoes, Please
What is a fiat currency? It is a fictitious currency foisted and forced upon people by a government edict. The currencies of the world retained at least a vestige of authenticity up until the fateful August 15th of 1971. On that day, President Nixon reneged on the Bretton Woods Agreements and refused to deliver any more gold from US reserves, in exchange for dollars. At the same moment, all currencies in the world became out-and-out simulations of money: fiat money. Since that event of 42 years ago, it appears that humanity has largely forgotten about real money, and has become so accustomed to falsity – along with tattoos, drugs, same-sex “marriage”, abortion, porn, and living off welfare – that a privately invented fiat currency is now being offered to the world, and some people are freely accepting it. Read More |
08.23.13- 13 Reasons Why Gold Will Hit $5000/oz
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08.22.13- Black Swans and Precious Metals
Holding 95%+ of my liquid net worth in the form of PHYSICAL PMs – with the rest in cash in a Charles Schwab non-margin brokerage account, upon my wife's orders – I enjoy the "Sleep Of The Just" each night. Read More |
08.21.13- Peak Gold
It is also said that the "low-hanging fruit" of high-grade deposits has all been picked, forcing miners to put lower-grade material into production. You could call it Peak Gold—and argue that the peak is already behind us. Let's test that claim and give it some context. Read More |
08.20.13- World's Largest Silver Producing Company States Big Decline in Production
The world’s largest silver producer saw its production decline substantially in the first half of 2013. Many assume this decline came from Fresnillo, which is known as the largest primary silver miner in the world. However, it was recorded by KGHM Polska Miedz, the largest by-product silver producer on the planet whose annual silver production was 41 million oz in 2012. According to KGHM Polska Meidz’s 1H 2013 presentation, the decline in silver production was due to lower silver content in processed concentrate, lack of delivery of purchased concentrate with higher silver content and to a change in the schedule for the maintenance shutdown of the Precious Metal Plant. Read More |
08.19.13- Silver price up 14% in best week for five years and ready for an autumn spike? The most volatile of commodities posted a thumping 14 per cent gain last week, its best week in five years. Is this just a flash in the pan or is silver now set up for an autumnal price spike? Step back a little and consider the win-win position for precious metals. Silver is just a leveraged play on gold, also up by 4.5 per cent last week. Basically if the recovery scenario emerges on top this autumn then industrial demand for silver is going to be far more robust than anticipated by the price crash of April. If the US uptick makes it to the eurozone and UK and China stabilizes then silver is overdue for repricing as an industrial metal. Read More |
08.17.13- Get Ready: The Great Transfer of Wealth in Gold & Silver is Coming
The heartbeat of the U.S. retail economy is in serious trouble when we see this in the headlines, "WalMart Earnings Disaster Exposes a Collapsing Economy: Davidowitz." I have been watching Howard Davidowtiz for years, and you got to like the guy because he doesn't sugar coat anything — just calls it like it is. He says that the real unemployment is closer to 14% because 75% of the jobs created so far this year are low-wage part-time jobs. Basically, Davidowitz says the U.S. economy is collapsing. Read More |
08.16.13- What The Silver To Gold Ratio Tells Us About Silver's Future Moves?
Yesterday, silver posted biggest six-day gains in 2 years. Today, in pre-market trading, the white metal climbed up once again and reached the highest level in a month as holdings in the world's largest silver-backed exchange-traded fund, the iShares Silver Trust (SLV ETF), rose to a four-month high. Read More |
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08.14.13- Silver: The GSR Bottom Finder
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08.13.13- Silver & Gold - Hidden Secrets Of Money 2 - Seven Stages Of Empire
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08.12.13- PM Market Commentary
Over the week gold is up $0.70 [+0.05%] while silver is up $0.67 [+3.38%]. Assisting gold this week was the dollar, down -0.85 [-1.03%] to 81.15. Given that gold didn't rise, and the dollar dropped, that would normally not be a very good sign. However silver moved up and eventually it should drag gold up along with it. This week it appeared that the taper/don't-taper thesis primarily drove futures gold prices, while silver futures seemed to be linked more closely to movements in copper and economic developments in China. Read More |
08.10.13- Silver Short Squeeze
Silver has suffered a miserable year so far, bludgeoned by gold's unprecedented selling anomaly. The exceptional weakness in both metals was greatly exacerbated by futures speculators piling on short-side bets. But with silver shorts hitting record extremes, a super-bullish short squeeze now looms. Any rapid silver rally is likely to spook the highly-leveraged futures traders, sparking a massive stampede to cover. Even greater short-squeeze potential exists in gold, as I discussed in an essay several weeks ago. And gold is the dominating primary driver of silver prices. Since silver's secular bull was born nearly a dozen years ago, silver has had a stellar 0.924 correlation r-square with gold. Over 92% of all silver's daily price action in that long secular span was statistically explainable by gold's own! This is very important today. Read More |
08.09.13- The Unbearable Lightness of Being Long Silver
It also helps to remember that only a thin line exists between the U.S. government and the Fed, and between the Fed and its member banks. It is simple and yet very complicated for anyone looking at buying silver for the first time. Also, opening up silver's Pandora's Box reveals a lot of new terminology for a novice to be distracted by. Read More |
08.08.13- The two most important charts you're likely to see all day.
The two most important charts you're likely to see all day. Featured on the left below is the weekly gold chart, with the US dollar at the top. The rising dotted lines in the gold chart coincide with falling dotted lines in the US dollar index chart. The long uptrend line supporting the dollar coincides with the latest correction in the gold price. The arrow in the dollar chart points to a possible breakdown below the rising trend-line in the dollar (once price drops below the arrow). In the event that this occurs, it is very likely to coincide with the gold price rising above the arrow in the gold chart. The supporting indicators at the bottom of the chart are turning positive. (Chart courtesy Stockcharts.com) Read More |
08.07.13- Here They Come
So, here we go. If you're already wondering what I'm talking about, then I suppose the logical place to start is here: http://www.tfmetalsreport.com/blog/4827/pattern-emerges In that post I described what had become the consistent and dominant Cartel pattern for raiding price and seizing physical metal. The correlations are too obvious to be ignored. The past four "delivery" months of Comex gold have seen nearly identical selling, all of which began in earnest on the 12th day of the month. In each case, during the delivery months of Dec12, Feb13, Apr13 and Jun13, paper price was forced significantly lower. Read More |
08.06.13- Bullish Case For Gold (and Silver) Is Now Complete
Why choose to study drivel? Read More |
08.05.13- Eric Sprott: "All The Paperwork Has Been Laid Out - 
I had the opportunity this week to connect with Eric Sprott, Chief Executive Officer and Senior Portfolio Manager of Sprott Asset Management. It was a powerful conversation as Eric spoke to the “gargantuan rise” he sees coming for precious metals and their corresponding equities, one which he expects will take gold to new highs within the next twelve months. He also spoke to the incredibly fragile Western financial system, and pointed out the one event, which when it occurs—will completely take the lid off of gold. Read More |
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08.03.13- Gold And Silver – Contrary To Popular Belief, Paper Is The Bellwether For Near-Term Precious Metals 
For all of the disdain directed toward the paper futures markets in gold and silver from the Precious Metals, [PM], community, those markets continue to set the tone for pricing. Why is that? People by the tens of thousands lining up to buy gold and silver, waiting for hours in lines; record sales for gold and silver coins growing month by month; central banks have over- leased their gold holdings, [add also the gold holdings of its customers, against their knowledge]; banks no longer delivering physical gold; banks with allocated gold accounts held by the uber-wealthy not able to make good in delivering gold to rightful holders; German bank demanding gold back from New York and London, told “unable” for the next seven years, not weeks, not months, years; India banning gold imports, and now Pakistan. There are many rumors that COMEX /LMBA have little to no gold and silver available to deliver. The paper markets are garbage, worthless, a joke. Read More |
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08.02.13- Silver is winning India's "War on Gold"
Recent reports suggest that there is not enough room on commercial flights into Dubai for all those investors seeking to purchase gold. “I cannot find a place for transporting gold on Emirates, on BA or Swiss Airlines this weekend,” lamented Tarek El Mdaka, the managing director of Kaloti Gold in Dubai adding he is shipping as much as 2 tonnes of gold every day. As we had suspected, it would appear that the Indian gold trade has moved offshore to avoid the restrictions on imports and extra taxes imposed. However, this is not the biggest change in the Indian precious metals market – silver imports have exploded. Read More |
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08.01.13- Late Breaking News You Don't Want To Miss
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07.31.13- Rick Rule On Gold & Resources:
Speaking to the capitulation which he’s seen only a few times in his career, Rick noted that, “You go through a period that can only be described as being caught underneath a big set of waves where you're just sort of rolling and tumbling and falling… Read More |
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07.30.13- Gold, Silver And Hyperinflation
Indeed, many articles discuss "revaluing" gold at some arbitrary number as some Final Solution to fix these broken markets. Revaluing? Clearly a reminder of the definition of hyperinflation is in order. Paper goes to zero (near-zero). Prices for hard assets go to infinity (near-infinity). Not "5,000." Not "10,000." Not even "100,000." We are no longer talking about "high prices." We are talking about Zimbabwe prices. Read More |
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07.29.13- The Sun Shines on Silver
Last week, China's State Council backed targets to more than quadruple the country's solar generating capacity to 35 gigawatts by 2015.1 This target had been previously stated by China's State Grid, which manages the country's electricity distribution, but now has the official backing of China's cabinet and its top governing body. According to the statement from the State Council, China will add around 10 GW per year from 2013-2015. If completed, this effort will significantly increase China's solar power generating capacity, which stood at eight GW at the end of 2012.2Read More |
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07.27.13- Why Is Silver Manipulation So Absurd?
A breaking story from the New York Times has all the details... Three years ago, this too-big-to-fail bank capitalized on special rules created by the Federal Reserve and authorized by Congress by buying an obscure company called Metro International Trade Services. It is one of the largest warehousing companies for aluminum in the country. Since then, it has manipulated the system to pull in massive profits. In spite of tepid demand for aluminum worldwide after the Great Recession, the amount of time required for aluminum delivery has increased 20-fold — from six weeks to 16 months — since the company was purchased. This could be explained by shortages or logistical issues, if any existed. The company is actively making the process inefficient. Read More |
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07.26.13- What gold nationalization really means
Executive Order 6102 was signed on April 5, 1933, and it forbade the “Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States.” Roosevelt further ordered that citizens in the Land of the Free surrender their gold to the Federal Reserve in exchange for $20.67 per troy ounce in Federal Reserve notes. Read More |
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07.25.13- COMEX Gold Inventories Plummet: Shorts May Be Forced To Cover Fast
We have covered the rapidly declining COMEX gold inventories in previous articles, and the story seems to be getting old, but COMEX gold continues to drop with registered gold inventories hitting their lowest levels ever. Additionally, total COMEX gold has now dropped under 7 million total ounces or by almost 40% since the beginning of the year (we started 2013 with around 11 million total ounces). This is something that should be very relevant to investors who own physical gold and the gold ETFs (GLD, PHYS, and CEF) because any abnormal inventory declines may signify extraordinary events behind the scenes that would ultimately affect the gold price. Read More |
07.24.13- Silver Set to Soar
While analysts say it was likely a short squeeze that sent gold soaring, suggesting that recent gains probably won’t last particularly long (despite the Fed giving assurances to the market about its monetary policy), count me among those who aren’t looking at the yellow metal for the real profits, but rather its gray cousin, silver. Read More |
07.23.13- Gold Sector: A Small Fish in a Big Pond
Jolly good, but highly poetic. What do the numbers say? Andrey Dashkov takes a look at the relevant facts in his article below. As a quick—but not irrelevant—aside, it frankly blows my mind how much value investors give the financial sector. Never mind for now its essential Ponzi-scheme, fractional-reserve, and hallucinated derivative nature: just how can it be that the industry of people moving bits of imaginary paper around is worth so much more than any industry of people actually creating goods and services of tangible value? There's something wrong with this picture. Read More |
07.22.13- Gold Prices Rise Through Key Technical Chart Levels As Dollar Weakens  (Kitco News) - Gold prices broke through the key $1,300-an-ounce level on Monday as a weaker U.S. dollar and buying back of previously sold positions and new purchases took the metal to a four-week high. As of 10:11 a.m. EDT, most-active August gold futures on the Comex division of the New York Mercantile Exchange were $33.20, or 2.6%, higher to $1,326.10 an ounce. They peaked at $1,327.90, their strongest level since June 20. Other precious metals jumped, too, with September silver up 85 cents, or 4.3%, to $20.31. Nymex October platinum climbed $16.40 to $1,447.60. September palladium was nearly steady, dipping 85 cents to $748.90.Read More |
07.20.13- Gold And Silver – When[?] Precious Metals Bottom Is Irrelevant To Your Financial Health 
As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend their importance. Everyone agrees they are resoundingly better than any fiat currency, as history has amply proven. However, few consider the why PMs are so anathema for all central bankers. There was a time in this country when gold and silver were the coin of the realm. Actually, they still are! The Coinage Act of 1792 has never been repealed, and that means, by law, gold and silver are, [read section 20], the current money of account of the United States. There is a very potent message within that Act, and like we said last week, Knowledge is not of value, using it is. Read More |
07.19.13- The Powerful Case For Silver  I am a well-known "gold bug" because of my strongly voiced opinion that gold has been one of the best assets for protecting yourself from the US dollar's prolonged decline. Lately, the precious metals have taken a beating, and I've been called to defend gold's future prospects in the media countless times. While I am confident that gold will rebound with a vengeance before long, I think investors are potentially missing an even greater opportunity in that other monetary metal: silver. To address this oversight, I have compiled a special report called The Powerful Case for Silver, which is available at www.schiffsilver.com. This 14-page report contains in-depth analysis of what I believe to be the strongest arguments for owning the white metal. What follows is a general overview of the key arguments I make in the report. Read More |
07.18.13- The Precious Metal Investors Greatest Secret Weapon 
As the Fed turns up the heat in the central bank frying pan, the frogs (public) don't realize they are being cooked to death by inflation. I am quite amazed how loud the sizzling sound has become, but for some odd reason hardly anyone notices it. Unfortunately, we are well past the point of no return. It's only a matter of time now before the whole "Financial Cliff" falls off the mountain side. Until then, gold and silver investors will have to put up with some of the worst analysis ever to come out of government and MSM. Read More |
07.17.13- Things That Make You Go Hmmm... 
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07.16.13- If Ever There Was A Need For An Inflation Hedge Like Gold Or Silver - It Is Now 
Be most cautious when there is a growing optimism regarding the trajectory of global economic recovery. Calamity generally hits when the least expected. The need for safe haven investment seems more acute "Now" than ever before. All global money printing presses are still going at full speed. The Eurozone region, Japan and China are very likely to continue stoking their economies. That should eventually boost demand for gold as an inflationary hedge. Gold prices climbed Tuesday as escalating inflation in China boosted attraction of the metal as leverage, and increased demand for gold jewelry, coins and bars. The National Bureau of Statistics reported China's consumer price index rose 2.7% from a year ago. Estimates were for 2.5%. There is probably no better time to consider diversifying one's portfolio into a depressed asset classes like gold and silver when the crowd is optimistic about a vigorous and self-sustaining economic recovery and when the world's stock markets are at record high prices. Read More |
07.15.13- Palladium Showing Great Relative Strength Versus Gold in 2013 
Precious metals and oil (DBO) seem to have reversed higher last week on the military coup in Egypt. Bernanke is scheduled to speak and the markets may already be pricing in some dovish statement to alleviate fears of tapering which could cause some short covering and bargain hunting. Prices of platinum (PTM) and palladium (PALL) continue to outperform other metals such as gold (GLD), silver (SLV) and copper (JJC) over the past 9 months. For many months, I have been warning my readers about the growing risks to platinum and palladium supply as labor strikes intensify in South Africa. Read More |
07.13.13- Silver Fundamentals Are Strongest Ever 
Peter Schiff just released his new research report entitled “The Powerful Case for Silver” (pdf format). In it, he explains why the upside potential of silver is greater than the one of gold. Peter Schiff believes that the fundamentals for silver are the strongest they have ever been and that silver is massively undervalued at today’s prices. The fundamentals of silver explores three key fundamentals of silver:
The following excerpt from the introduction (page 2 of the report) shows that the reasons for buying PHYSICAL silver are also the easiest to understand. Read More |
07.12.13- Signals for Breakdown on Numerous Fault Lines 
Many are the signals of breakdown, in the financial system and the Gold market. The day is near for release of gold from under the thumb of the criminal bankers. They can no longer operate in the shadows, recently in full view. The best information coming to my desk indicates that three major Western banks are under constant threat of failure overnight, every night, forcing extraordinary measures to avoid failure. They are Deutshe Bank in Germany, Barclays in London, and Citibank in New York. Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking. Read More |
07.11.13- The Truth About Your Money  The price of gold fell last month to $1,200. The lemming sentiment in capital markets is uniformly bearish, yet every price drop brings forth hungry buyers for physical gold from all over the world. Even hard-bitten gold bugs in the West are shaken and frightened to call a bottom, yet it is these conditions that accompany a selling climax. This article concludes there is a high possibility that gold will go sharply higher from here. There are three loose ends to consider: valuation, economics and market fundamentals. As far as I am aware, nearly everyone is overlooking the obvious. You cannot consider the value of gold without taking account of the changes in the quantities of the currency and the aboveground stock of gold over time. The chart above shows the adjusted U.S. dollar price of gold rebased to 100 in January 2005, when the gold price was $422. Read More |
07.10.13- Silver… Light at the End of the Tunnel?
The news relates to recent filings that have revealed a dramatic change in the positioning in the silver futures market and ownership of the iShares Silver Trust (SLV). In the COMEX futures exchange, the "Commercials" category of traders, made up of large banks, has traditionally held significantly large "short" positions – which means that the banks are either hedging an existing silver position or betting that silver will depreciate. Read More |
07.09.13- The Flash Point Looms
The Romans tried to grow their empire with the loot taken from conquered territories. They eventually tried to finance this expansion with debasement of their precious metal currencies. In this they failed utterly despite the most heavy handed attempts to retain the Empire on the backs of their people, slaves and those of the conquered territories with taxes, impounds and thievery. A short look at history shows that we are trying the same thing. We will get the same results. Read More |
07.08.13- Why This Non-Gold Commodity Is Essential for Your Portfolio 
As readers of Profit Confidential already know, I have been bullish on both gold bullion and silver prices. I believe these two precious metals have great futures ahead of them, in spite of all the negativity about them in the mainstream media and their recent price slump—especially silver. According to the mainstream media, that's because the Federal Reserve is about to stop pumping money into the economy. The U.S. economy is getting better, and the global economy isn't doing as poorly as many thought it would. Under those conditions, metals like gold bullion and silver would not be wise investments. Read More |
07.06.13- The smart money is quietly
Five or six years ago, few private investors were very concerned about the price of gold. Then came the financial crisis. When major banks were failing, a sense of apocalypse focused investors' minds on the value of physical assets as never before. But other factors were at work. The evolution of new investment vehicles and trading platforms suddenly made it easy for private investors to buy small parcels of real gold. With "physical gold" exchange-traded funds, for instance, investors buy shares quoted on the London Stock Exchange, where each share is backed by solid gold stored in a Docklands bank vault. You could buy and sell gold as easily as you could blue-chip shares.Read More |
07.05.13- The New Law of
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07.04.13- Are we Approaching a Second Coming for Gold?
Dow down -42 points. Gold down $12 an ounce. Nothing special. But gold must be getting close to a bottom. No one has anything nice to say about it. The pundits and prognosticators are more pessimistic than in any time in recorded history. Gold miners are getting wiped out. Gold speculators are so gloomy their wives are hiding the carving knives and locking up the shotguns. From Business Insider:
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07.03.13- Gold price falls fuel 'record' bullion sales
BullionByPost said its sales hit £87m in the year to April, presenting a rise of 58pc on the previous year. Pre-tax profits are expected to be in the region of £2m, up from £1.5m a year earlier. Management forecasts turnover of more than £120m for the company’s next financial year. The prediction came despite a continued slide in the gold price in recent months, culminating in the “safe haven” metal dropping to a low under $1,200 an ounce on Friday. Read More |
07.02.13- They Just Rang A Bell On Gold-Gold Stocks
As they say on Wall Street, "They don't ring bells at the top" and for sure they usually don't give you a phone call at the bottom either. Many heads have rolled trying to call this recent near 2 year downdraft in Gold in terms of bottom callers, me included. I thought we would never get much below 1440 or so from the 1923 highs, but alas we all know we did. What makes me think that last week put in the final Gold low for the bear cycle? Too many things to mention, but based on the work I do enough to give me some chutzpah to make this call now. The 1180's are very close to a classic ABC 61.8% Fibonacci retracement of the prior 34 month bull cycle. That cycle ran from October 2008 to August 2011 with a rally from $681 to $1900's area. Read More |
07.01.13- Gold And Silver – Purely A Mental Game Right Now. Do Not Blink
There is a similar situation with regard to fiat paper everywhere, but not a gold delivery to be made. The delirium cast by central bankers issuing unlimited fiat has kept so many people in a fiat-induced fog, unable to see clearly. The fog has lifted. It is all a game. See the fraudulent scheme for what it is and then fear no more. It is just a matter of time before everything unravels, as it surely is. The price of gold and silver are closer to a bottom than a top. The QE-Infinity is closer to a top and will collapse under its own “goldless” weight. The PM holders are on the correct side of history. Understand that it has been one of the bigger world scams played by the central bankers, the illuminati who believed themselves untouchable, beyond the scope of comprehension by the non-banking world. Read More |
06.29.13- The Crash in Gold is Good News
Yesterday, the Dow rose. Gold, the subject of today’s commentary, fell. From the Financial Times:
This is good news. Gold is doing what it should do. And it is giving us another good opportunity to buy a life vest before the boat sinks. Read More |
06.28.13- To Central Bankers: You Are Golden Toast On A Silver Spoon
How dumb can you be? What better way to expose your naked short backside than to trash a market with known world-wide demand? So arrogant, so parochial. The world thanks you. The bullion dealers thank you. The gold/silver buyers thank you. When there is more and more smoke about the possibility of the bullion cupboards being bare, the fiat-makers are doing the same thing to paper gold and silver as they have done to currencies: destroying them. Those few banks responsible for the naked shorting in both gold and silver do not have to post any margin, nor do they have the underlying physical were they required to make delivery. Read More |
06.27.13- Silver At Less Than 19 Dollars An Ounce? Are You Kidding Me???
The day that silver traders have been waiting for has arrived. On Wednesday, the price of silver dropped another 5 percent. As I write this, it is sitting at $18.55 an ounce. On Wednesday it hit a low that had not been seen in three years. Overall, the price of silver has declined by 34 percent this quarter. That is the largest quarterly move in the price of silver in more than 30 years. So what does all of this mean? It means that we are looking at a historic buying opportunity for those that are interested in silver. Yes, gold is undervalued right now as well, but it is absolutely ridiculous how low the price of silver is. At the moment, the price of gold is about 66 times higher than the price of silver is. But they come out of the ground at about a 9 to 1 ratio, and unlike gold, silver is used up in thousands of common consumer products. Those that want to invest in silver should be shouting for joy that prices have fallen this low. If you have been waiting and waiting and waiting to "load the boat", your moment has arrived. Read More |
06.26.13- A Major Silver Short Squeeze Is Coming
The weekly chart below shows the tremendous divergence building between the RSI and Price. It won't take much energy to get the price headed in the opposite direction. Once we get confirmation, I will let everyone know. We are still subject to one more possible flush to the downside, but the the downside from here is very limited with huge upside potential. Now, let me let you in on my secret weapon… the Monthly VC Chart. This will be the only time that I post this chart. Based off the Monthly VC chart, we are between the buy1 and buy2 level. As a trader this is very exciting to see, especially now when many are pessimistic. July should be a very interesting month for silver based off these two charts. A short squeeze is coming our way sooner than some may think. Read More |
06.25.13- 2013 – Start of Seismic Shifts in Money, Metals, Markets 
Unsustainable trends can survive much longer than most people anticipate, but they do end when their "time is up" – at the culmination of their time cycles. Examples of these trends include deficit spending, exponential debt increases, overpriced bond markets, and unbacked paper currencies, to name a few. In an effort to bring clarity in how and when these trends could change direction we analyzed more than 20 different cycles. They almost unanimously point to tectonic shifts in the months and years ahead … starting now. We have been warned<. At this point, we have enough confirmation to accept that the gold and silver crash – starting in April of 2013 – was the first shot across the board of what is to come. Read More |
06.24.13- Gold And Silver - The End Is Near; Just Not In Sight
“Gold will be at/above $2,000 by the end of the year.” “Gold will reach $3,000 [$5,000, $10,000, etc] and silver $100, [$250, $500, etc]” “The central bankers are [just about] out of gold.” [The cupboards are likely bare.] Read More |
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06.22.13- Gold Closes In On 1976 Correction Bottom, A "Pure Giveaway" At The Time According To Billionaire Entrepreneur
Following the FOMC-inspired decline of the last two days, we are now another 6% closer to that bottom: The 1976 mid-cycle bear market in gold provides us with recent precedent of gold dropping by 48% in the middle of a bull market—only to rally by 900%+ once smart money fully re-positions itself. It appears that re-positioning has been occurring all year long. Read More |
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06.21.13- Own Physical Gold as Governments Destroy Wealth and Squander Tax Payers' Money
While some investors may think they are getting wealthier because they see the value of their equity portfolio increase, others are seeing the value of their hard earned cash gradually erode due to the low interest rate environment. And, while mainstream media particularly in the USA claim that the economy is recovering due to the recent stock market rally, this rise in prices is due to an economic stimulus programme engineered by the US Federal Reserve and has nothing to do with a vibrant economy. Read More |
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06.20.13- Silver Price to Rise as Top Miner's Production Evaporates
Not many realize, when yields decline, production evaporates and disappears. To offset the decline in metal yields, the mining companies have to add new mines and or increase the amount of processed ore. If we take a look at the top 6 silver producers, we can see that the average yield declined 38% since 2005, from 13.0 oz/t (ounce/tonne) to 8.1 oz/t in 2012: Read More |
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06.19.13- Silver And Gold Ratios
The SGR may continue increasing for a while, but we must be near the point where it will resume its bull-market decline. It’s hard to make the case that there are 60 ounces of silver available for each ounce of gold available in the global inventory. Read More |
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06.19.13- Pieces Of The Puzzle!
Over the last several weeks I’ve received a lot of e-mails asking about gold. Half want to know if they can buy gold and/or gold stocks here, and the other half are demanding a pronouncement as to whether or not the bull market in gold is over. After all, if you hear it on Bloomberg from Betty Liu it must be true! Personally I don’t like it when the mainstream media tries to make the news instead of simply reporting the news. Unfortunately, we’ve been conditioned to let the media do our thinking for us and that includes everything from who should be President to which stock we should buy. Edward R. Murrow must be turning over in his grave as he stares down and listens to what passes for news today. Read More |
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06.17.13- Metals Prices Are Down?
“Police in one New Jersey city are warning about a rise in catalytic converter thefts in vehicles at train stations, schools and other areas” New York’s Fox 5 reports. Byron King, our globetrotting geologist, passed the story along earlier this week — it points to an ongoing trend among thieves: forget gold, steal platinum! Today we’ll take a look at why both metals may fall short to a dark horse in the precious metal race. And no, I’m not talking about silver…Read More |
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06.15.13- Why Is Gold Draining Out of COMEX Warehouses?
The price will rise again, as the centrally planned paper currencies continue their inexorable slide towards the oblivion of bankruptcy. The dollar, like all irredeemable paper currencies before it, will become worthless one day. That does not mean that there cannot be significant volatility in the meantime. Read More |
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06.14.13- Copernicus, Galileo and Gold
The correct starting point is the price of a currency expressed in terms of gold, and not the other way around. When the price of the dollar was fixed at $20.67 per ounce of gold, up to the time of FDR, the price of the dollar was $1/20.67 = .0483782 oz. of gold, or 4.84 hundredths of an ounce of gold. Read More |
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06.13.13- Palladium Likely to Remain in Deficit Next Year
Residual deficit for the year (calculated by taking Russian stockpile sales and ETF demand into account) came in at 1.16 million ounces, down from a residual surplus of 1.05 million ounces in 2011. Read More |
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06.12.13- Silver's monetary return
Nevertheless, perhaps central banks are simply testing the resilience of the bond market by tempting the bond vigilantes out of hiding? Still, one has to remember that there is no strong willed Volker around at the Fed with the guts to raise interest rates to fight inflationary pressures. The Fed’s current chairman, Ben Bernanke, and his cronies on the FOMC have shown considerable reluctance to tighten rates in the wake of the U.S. financial crisis and have softened rates to almost zero in an attempt to stimulate the flagging U.S. economy. Read More |
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06.11.13- Silver Investment Demand: The Ticking Time Bomb
Presently, the Main Stream Media bandwagon has been quite busy putting out bearish analysis on silver demand and price. Whether it's due to a decline of industrial demand or a lack of silver investment by those in India, there doesn't seem to be a shortage of this sort of commentary. However, this should not be a concern for those who understand the true fundamentals in owning silver. Read More |
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06.10.13- When the bond markets crash then gold and silver prices will go ballistic
Perhaps in his case an innately pessmistic nature has just fastened onto the wrong negative. He thinks inflation is beaten and gold is no therefore no longer needed as a hedge. The Fed can print money until the end of time without any meaningful consequences. He will look right, of course, until he is hopelessly wrong. Read More |
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06.08.13- Comex Registered Gold Inventory Continues Its Decline - Fat Tails
Comex registered gold levels continued their decline to the sub 1.5 million ounce level. As you know tomorrow is Non-Farm Payrolls day in the US. The trading desks typically like to hit gold and silver with a bear raid on a day like that, especially if there is a whiff of QE to come. There is quite a bit of gold sitting in the eligible category at the Comex. Let's see what it will take to get the owners of that bullion to consider parting with it. Read More |
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06.07.13- Bob The Dinosaur
I received a particularly well written email this week from someone that tends to read our Financial Intelligence Report; despite vehemently disagreeing with just about everything I write. I say well written because although he spent the bulk of his letter mocking me for believing that gold and silver were anything but "adornments for women's ears", at least he didn't misspell anything or use any foul language. Some hate mail gets pretty colorful to say the least. In what could be described as a "talking point presentation" given by maybe someone at a bucket shop telling customers why they should buy overpriced stocks instead of metals, I found it interesting enough that instead of replying personally, I figured that it was well worth presenting to all of you. Read More |
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06.05.13- $10,000 Gold Why Gold's Inevitable Rise is the Investor's Safe Haven
David Morgan: Nick, I haven't re-read the whole book. I read the preliminary, but it's an excellent job of characterizing why gold is so important. Before we start on that, what prompted you to switch from the real estate industry to precious metals? Nick Barisheff: Well I guess that would take us back to 1997. I'd just finished a project and was looking at what the next trend might be. I concluded that it would be precious metals, the energy sector, and water. The thing that attracted me to precious metals in particular was that in Canada, there was no method of holding physical bullion in registered retirement accounts in a way that didn't compromise the fundamental attributes of bullion. Read More |
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06.04.13- Gold And Silver In Constant 1920 Dollars
Any change in the price of gold in the chart below during these times when the price of gold was fixed is due to a change in CinC, which during the 1920s the US paper money supply actually saw a DECREASE in CinC, causing gold to increase to $25 from $20.67 in constant 1920 dollar terms. US CinC DECREASED from 4.48 billion paper dollars in January 1920 to 3.73 billion in December 1930. Since then, inflationary increases in CinC in good times and bad has been the policy of US monetary authorities. Read More |
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06.03.13- Five Steps to being a Happy Goldbug  1. Ignore the mainstream media
As gold fell this appeared on Reuters courtesy of Felix Salmon: "It's important that goldbugs are seen to not only have silly beliefs, but also to have lost a substantial amount of money. Gold is a fear trade rather than a greed trade — it's defensive, and defensive investors are always particularly loss-averse. If you lose money betting on high-flying tech stocks, that's much more likely to be money you can afford to lose than if you lose money after putting your life savings into precious metals." The mainstream media mob have a three-pronged pitch fork especially for attacks on gold, which they regularly like to wield about. Read More |
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06.01.13- Essential Knowledge for Maximizing Real Gains
And, between 1985 and 2005, the Federal Reserve Board has increased the money supply by five times. This extraordinary money creation is merely the catalyst for debt creation. In a fiat money system, money is debt…there is absolutely no way this money can ever be repaid except by continued inflation. But, now that the credit bubble is blown up, inflation is no longer an option; bankruptcy looms." Read More |
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We are not a source for or fans of endless statistics, like the number of ounces
purchased from one period over another, how many ounces are available at the
Comex, how many ounces have been mined, the demand for v the production of
silver, etc, etc, etc. Too boring.
We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals - base, rare earth, and precious. 
Western central banks have tried to shake off the constraints of gold for a long time, which has created enormous difficulties for them. They have generally succeeded in managing opinion in the developed nations but been demonstrably unsuccessful in the lesser-developed world, particularly in Asia. It is the growing wealth earned by these nations that has fuelled demand for gold since the late 1960s. There is precious little bullion left in the West today to supply rapidly increasing Asian demand. It is important to understand how little there is and the dangers this poses for financial stability.
Gold and silver are in reverse bubbles, if you will, where price has been both severely
distorted and suppressed by central banks, the visible tools of the otherwise hidden
moneychangers, those on the top of the population pyramid who want to control and
enslave the entire world in a totalitarian state of existence. Ironically, the best and only
hope for the [not so] free world comes from China and Russia. It is a twisted world in
which we live.
Gold and silver have a 6000 year history for their use as a currency, and until the last century, the price of gold and silver maintained a healthy valuation ratio of 1 ounce of gold to every 15 ounces of silver. 
The recent rise in interest rates, in response to the threat of Fed tapering, foreshadows the unavoidable demise for the dollar. Not only did the rise in rates have an immediate effect on the housing recovery, it also indirectly exposed the system to another vulnerability, that is, the Fed is not only the lender of last resort but will be the lender to the spender of last resort - the US Treasury. 
"Never laugh at live dragons," wrote J. R. R. Tolkien in his classic book The Hobbit, published in 1937.
Silver and other precious metals just can't seem to get a break. There are several reasons one can think of for their lackluster performance on days like today: 1) the supposed FED taper 2) a skyrocketing stock market seemingly indicating all is well with the world, and 3) a sense that the US dollar represents the "cleanest dirty shirt," as they say. When you add to this that commodity futures across the board are lower on the year, you get a sense that some sort of strong disinflation or deflation is in the cards. Now, if falling prices were occurring with a genuinely strong real economy, I might be inclined to agree that gold and silver are in deep trouble. However, when I look at the economic data globally, I actually see a re-emerging deflationary threat, one that could damage bank balance sheets and– if not handled properly– bring about a return of the headaches of the 2007-2009 period. 
The Platinum Group Metals (PGMs) are a family comprised of 6 metals – platinum, palladium rhodium, iridium, osmium and ruthenium. But for our purpose today (and for most investors), we are only interested in the first two – platinum and palladium.
Our world is run – and has been run for some time now – by a relatively very small group of individuals who have it in their power to manage, as they think, the economies of nations. Managing the affairs of a nation implies making people behave in ways in which they would not otherwise behave. National management of an economy thus means making millions of individuals do what they wouldn’t do if left to themselves.
Many gold analysts believe that Janet Yellen is bullish for gold. Others note that gold sold off as she was confirmed as the next head of the US central bank. That’s bearish.
When one understands the widely pervasive but narrowly understood phenomenon of
cognitive dissonance that permeates most of the Western world, it is not so difficult to
put into context the disparity between demand for physical gold and silver and supply
for the faux paper market. There is a growing sense for many that everything in the
financial world is out of line, and way out of line for many others.
I received an email from someone who is Chinese with investments in Australia giving a view from the average person in China:
Over the past year, the cult of equities has made a return, as indices roar to all-time highs, and as many look to cash in on new IPOs like they did in the last tech boom 15 years ago.
In the first 10 months of this year, the U.S. Mint sold 39.2 million ounces of silver in coins.
If fundamentals mattered, gold and silver prices would be substantially higher. They
are not, and for a reason. It is not hard to define what factors are influencing price, for
they are political, even criminal under normal circumstances. These factors are, in two
words: central bankers. The money changers still have a stranglehold on the financial
system, and nowhere it is more evident than in the price of gold. 
Monetary inflation, by whatever euphemism and at multiple stages in its cycle, has clear benefits to some but major disadvantages for the majority. Sadly, the impact of the final leg of the century-long monetary experiment may be far uglier than many would like to imagine.
In keeping with the mood of Halloween, the monsters came out early this morning to scare the living Hades out of the gold & silver market. We had the typical FOMC precious metal smash-down today to balance out the bullish move in gold and silver yesterday instigated by the Fed’s policy of continued QE stimulation.
Silver has
suffered a rough year, but its fortunes are changing. In recent
months its price has firmed at the convergence of multiple major
support zones, a powerful technical launchpad. Silver has soared in
parabolic uplegs from the handful of similar past convergences, a
very bullish omen. And with silver languishing so low in its
trading range relative to gold, it has enormous potential to
catapult far higher soon. 
That means we are now starting the hyperinflationary phase in the USA and many other countries. And this will all start in 2014. What will be the trigger? The answer is simple – the fall of the US dollar. 
In what started as a depressing month for gold investors has turned positive with metals and mining stocks posting their best performances since August. 
To paraphrase William Shakespeare, "the debt ceiling drama is a tale told by idiots, full of sound and political fury, signifying nothing." We now have a reprieve for three months – the 11th hour deal, complete with payoffs and the usual corruption, will keep the world safe for more ineptitude, deficit spending, administrative hypocrisy and the guarantee of a sequel. All is well! Celebration! Champagne! Cut to a prime-time commercial promoting big government and Obamacare…
The price of silver will hit new highs as an explosion of investment demand will overwhelm supply in the future. This once in a lifetime event will occur not because of bullish rhetoric, technical analysis or brokerage recommendations, but because the fundamentals will finally kick in a major way.
The days of silver lurking in the shadows of gold may be fading - because as the world becomes more reliant on technology - it becomes more reliant on silver.
The debt-ceiling drama and government shutdown that has been playing out in the U.S. for the past few weeks is an absolute embarrassment. Americans, regardless of political persuasion, are shaking their heads in shame at the three-ring circus going on in Washington.
The following is a big picture view of how 
The financial hurricane hit the world in 2008 destroying huge swaths of assets, real estate, numerous banks and institutions. As the storm cleared, the Fed and central banks stepped in by flooding the world with money to supposedly assist in dealing with the damage while providing special programs to rid the banks of debris and garbage clogging up their businesses.
In a new video, Mike Maloney explains how a person will be able to purchase a home for 500 ounces of silver or less in the future. I actually think silver will buy even more. Mike believes this will occur due to home valuations falling considerably as they re-balance from the huge bubble during the past decade.
London:
Gold prices, which have fallen more than 20 percent this year, are expected to have rebounded to $1,405 an ounce by November 2014, delegates to the London Bullion Market Association's annual conference forecast on Tuesday. 
Last week, a handful of my favorite precious metals legends sat down for a round table discussion about the future of gold, silver, platinum, palladium, and the economy as a whole...
(Editor's Note: These things are getting closer and closer. I believe that such an occurence may be coming to a bank near you. - JSB)
Precious metals currently look like a no brainer investment in a world of market volatility, rehypothecation, massive bail ins and outs, and a growing number of templates for taking people's retirement assets away.
I had the chance to reconnect with James G. Rickards, Senior Managing Director of Tangent Capital and author of the New York Times Bestseller, 
The surprise "no tapering" decision of the Fed basically means that the economy is not growing whilst Pimco's Gross believes it is a handoff to Yellen. If Gross is right you have to wonder what is more important the economy or Yellen! Anyway if is Yellen she will need it! The no tapering confirms my view that the economy is fragile, it doesn't have any traction, there is no sustainability, the stimulus has no effect, in fact it is becoming counter productive. In short the Fed is #$@%&* scared what higher rates could do to the economy. And as a result of the unexpected Fed's decision we saw the ultimate risk assets move strongly, gold surged $61.70, or 4.7%, to settle at $1,369.30 an ounce on the New York Mercantile Exchange, marking its highest close since September 9. The gains were the largest for a single session since early 2009. Silver posted its biggest rally in almost five years with its climb of 8%. 
The Federal Reserve’s stock market wealth effect is getting stale. As investors contemplate the risks of the Fed losing control of long-term interest rates, stocks may start incorporating reality on the ground — not just Fed actions…
After years of paying attention to the price action and not the mainstream market commentary. — Thanks in large part to Ted Butler and GATA — here are some of the dominate forces that currently seem to be determining price movements in the precious metals: 
According to Deutsche Bank, the total return performance of Major Global Financial Assets shows that Silver had the highest percentage gain. If we look at the chart below, we can see that both gold and silver take the number 1 & 2 spot amongst these global financial assets.
Andrew Maguire, a British national who had testified before the CFTC in a public forum about the manipulation of silver a few years ago, has leveled a serious charge against the bank JP Morgan in a 
You may not have heard the acronym ReRAM, but you will soon. Resistive Random Access Memory or ReRAMs (sometimes written as RRAMs) operate like tiny battery cells and store data through changes in the electrical resistance of the cell. The presence or absence of an electrical charge can be used to store bits of information. Although there are different types of ReRAMs, those using silver ions show excellent promise, according to industry officials.
One of the most misunderstood factors that will impact the price of gold is energy. Many analysts forecast the future value of gold relative to the amount of fiat money circulating in the system as well as total government treasury and bond debt. However, the world may not have the available energy supply in the future to satisfy these massive debts.
The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system.
Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.
Ah, Labor Day, in which the nation's Labor Force, takes the day off. We're told the economy is "recovering"; but not why the ranks of unemployed are surging – let alone, the "underemployed" not included in this chart, such as the fast-food workers in 60 cities that went on strike this weekend, seeking a more than doubling of wages to offset the rising cost of living.
In the last month or so I have noticed a pick-up in the amount of Canadians signing up to buy gold bullion or invest in physical silver.
I've always wondered why we tend to glorify pirates and treasure hunters: the Indiana Joneses, the Jack Sparrows, the Long John Silvers. I think it's because most people, while it may not be reflected in their daily lives, are adventurers at heart.
The Gold/Silver ratio is currently just under 58:1. Many have cited that the Gold/Silver ratio should be roughly 16:1. This was an historic level that existed largely prior to 1900 during periods when both gold and silver were routinely fixed prices. The ratio as a result was largely fixed as well.
These last few years have been exceptionally challenging for those who share in the belief that the endless flood of worthless paper and debt can only end with investors, consumers and citizens being forced to pay a bill they cannot even begin to comprehend.
The grisly Syrian civil war is dominating headlines across the globe today. 
Our world is awash in fiat currencies.
Back in November 2003, before the Hat Trick Letter was hatched and launched, a seminal article was written about 25 reasons why Gold will rise. It was updated afterwards, around 2008 with a couple more reasons. Given the extreme situation in the last few months, the entire outlook has changed. The gnarly intractable crisis began in late 2008 when Lehman Brothers failed, Fannie Mae was nationalized, and AIG was given a nationalist prop. In the last several months, the crisis has entered a new elevated level of perma-crisis and constant tension, widely recognized as something more serious, dangerous, and risk-filled. 
Despite PROPAGANDA to the contrary, PHYSICAL Precious Metals are NOT "investments"; but instead, savings. While 600 fiat currencies have come and gone throughout history – as well as countless "monetary substitutes" – only gold and silver have maintained their purchasing power. The fact that the U.S. government has spent the past six months desperately defending their own "monetary substitute" – i.e., the dollar – by fraudulently naked shorting PAPER gold and silver doesn't change their intrinsic value; and if the current scenario of a collapsing mining industry doesn't PROVE that in spades, nothing will.
In the mining business, it is said that grade is king. A high-grade project attracts attention and money. High-grade drill intercepts can send an exploration company's stock price higher by an order of magnitude. As a project moves to the development stage, the higher the grade, the more robust the projected economics of a project. And for a mine in production, the higher the grade, the more technical sins and price fluctuations it can survive.
In our previous essay ( 
Six of eight significant silver market lows in the past 23 years occurred when the GSR (gold to silver ratio) was > 64 and the RSI (
Gold finished Friday up $1.50 on light volume to 1313.50, with silver up $0.30 to 20.51 on good volume. The gold/silver ratio dropped to 64.04, below its 50 day MA. Gold is at its 50 day MA while silver closed above its 50 day MA for the first time since Feburary 6 2013. Over the past week, silver has clearly outperformed gold and it closed right at the top of its trading range.
Buying silver or gold may seem easy enough for just about anyone these days, but unless you can completely block out the culture around you, the endeavor to make the monetary metals "fit in" with the rest of the hyper-financialized world seems futile. 
In the comments last evening, I posted that the early Asian trading was reminiscent of action in past delivery months. The selling continues this morning. Unfortunately it looks almost certain...Here they come, again.
As a life-long Contrarian; these days I spend the vast majority of my reading/research time studying the bearish drivel on precious metals which emanates (in greater quantities than ever) from the Corporate Media. Indeed, this propaganda machine never displayed as much zeal to cover the gold market during the last twelve years of rising prices as it has this year – now that it has absurdly proclaimed a "bear market" for gold.
Our primary wholesaler, and they have been in business for decades and are one of the biggest in the industry, just informed us that Goldman Sachs, Morgan Stanley and JPMorgan are no longer hedging gold in the US market. They are all getting out of the US market. According to our source, "liquidity has dried up." All of the hedging is coming from the London Bullion Exchange banks. Comex is not a player anymore. The companies that issued the hedges and "covered the risk," referenced above, are running for the hills. This has been a very lucrative business for them so it begs the question, "What are they afraid of?" Part of it may be due to Dodd Frank, but I fear there is more to it than that. 
I had the opportunity this week to reconnect with legendary resource financier and investor, Rick Rule. Rick spoke to the characteristics of market capitulations, of which set the stage, “for absolutely dramatic recoveries”. 
Every time someone in America buys elctronics or a car — or even cracks open a can of beer — Goldman Sachs gets paid.
Gold owners are almost universally familiar with the story of Franklin Roosevelt criminalizing the ownership of gold back in 1933.
Gold just shot up to over $1,330 and ounce, a level it hadn’t seen for a month. After dropping to $1,180 at the end of June — a 38% decline from its peak and the first time in almost three years it has gone that low.
Silver's year-to-date performance has been the worst among all commodities, falling 35% from January to June 30th this year. It's been a rough ride for those who have held on, but recent news should give silver investors a reason for some renewed optimism.
We face something that has not been visited upon the human race since the fall of the Roman Empire. That fall caused 1,000 years of darkness. It's taken 500 years to dig ourselves out of that morass and here we are, committing the same sins and behaviors that brought the Romans to their fall. 
The cornerstone of the free market system is the law of supply and demand. This is the premise that governs how the prices of resources are determined in any free market economy as opposed to prices being set by government edict or monopoly control. It is the mechanism by which resources are produced and consumed in the freest and most efficient manner. Here's a great definition of this law from the Free Dictionary – "the theory that prices are determined by the interaction of supply and demand: an increase in supply will lower prices if not accompanied by increased demand, and an increase in demand will raise prices unless accompanied by increased supply." 
Whatever
expectation[s] you may have, expect the unexpected and unlike what you may
expect. So far, that has been playing out quite nicely, and one of our
expectations is that it will continue to unfold in the same manner, and to
the ongoing surprise of most. 
As articulated here on Wednesday
Gold prices have failed to hold above the key resistance level of $1400 an ounce even though the fundamental driving forces behind the precious metal have not changed and as the global monetary system remains as precarious as ever.
One of the most insidious problems taking place in the gold and silver mining industry is the decline in falling yields. 
The silver to gold ratio (SGR) reached a new high of the move
last Monday (June 10th) of 66.23 ounces of silver to one ounce of
gold. This is a huge retracement from its low of 32.00 to an ounce
of gold on 25 April 2011. Today, an ounce of gold can purchase twice
as much silver as it could 26 months ago. Sounds like a good time to
exchange some gold for silver. 
A small body of determined
spirits fired by an unquenchable faith in their mission can alter the
course of history. 
Gold conspiracy theorists have a new bogeyman. Inventories of gold bars held in the COMEX warehouses are falling. This fact is offered to support the stale allegations of "fractional gold" and "manipulation". They have been predicting a "signal failure" that is coming any day now, like the Great Pumpkin in the Charlie Brown Halloween special. If not that, then surely at least the price of gold is going "to da moon". Any day now, we have been repeatedly told, every day and every dollar down from the peak around $1900.
We are deceived when we consent to think about the "price of gold." At the very outset of our thoughts regarding gold, we are wrong, just as astronomers prior to Copernicus were wrong in thinking about the solar system as geo-centric, with the Sun, Moon and planets describing perfect circles around Earth. Gold is − to follow the astronomical simile − the center of the monetary universe, and the planets − the currencies − circle the Sun, which represents gold.
The results of Thomson Reuters GFMS’ 
The quadrillion pound gorilla of silver’s return as a monetary currency is now lurking patiently in the room as the bond market seems to be recovering somewhat.
Even though silver investment demand has picked up recently due to the lowest prices in over two years, this may be just the tip of the iceberg for what is to come in the future. Currently, only a small fraction of investors understand silver's future potential but that will change in the next few years. 
Comex Registered Gold Inventory Continues Its Decline - Fat Tails
I'm not going to bore you all to tears talking about how all the currencies are fiat, they're printing us to hyper inflation, the debts are too large, economies in shambles, unemployment at depression levels, and all the normal economic gore we show you each week. What I want to focus on today is the 1) supply and 2) the reasons for ownership for metal.
