Silver trading over the last 24 hours shows signs of a cartel capping, High Frequency Trading algorithms and actual humans going long.
Real accumulation started at the New York open today and yesterday, only to be met with a capping effort as the London PM Fix approached — with today’s downdraft representing a classic smash down against stop loss orders, resulting in quick downward price spikes.
To most observers paying close attention to paper market silver trading, these shifts are old news. But the stark contrast between these trading phenomenon over the last 24 hours are so clearly visible it’s worth pointing them out. [Read more...]
Cartel Footprints, HFT Algos And Price Discovery Mockery: Just Another 24hr Period In The Paper Silver World
Whenever Margin Debt Goes Over 2.25% Of GDP The Stock Market Always Crashes
What do 1929, 2000 and 2007 all have in common? Those were all years in which we saw a dramatic spike in margin debt. In all three instances, investors became highly leveraged in order to “take advantage” of a soaring stock market. But of course we all know what happened each time. The spike in margin debt was rapidly followed by a horrifying stock market crash.
Well guess what? It is happening again. [Read more...]
ALERT: JP Morgan Increases SLV Holdings by 500%!
The past few years of silver smashing has been all about letting JP Morgan extract themselves from that Silver short hot potato. That’s why the CFTC has not filed charges against them (yet) for silver manipulation. That’s why the banking cabal has sat on the price of silver this whole time. That’s why Citibank added $7.5B in OTC silver shorts. That’s why sentiment in the silver market has never been worse.
It’s all about extricating JP Morgan from the silver short position they were likely REQUIRED to take on by the US Treasury after the collapse of Bear Stearns.
So knowing what is happening it might not be surprising to you that during the 1st Quarter of 2013 JP Morgan has INCREASED their physical silver holdings in SLV for their own account by 500%! [Read more...]
Ann Barnhardt: DECLARE FEDERAL TAX STRIKE, ABOLISH the IRS?
Ann Barnhardt, who last summer warned SD readers that “If you’re still in these markets you’re either stupid or on drugs!” before the first sign of bail-in risk to depositors emerged in Western markets is back with another explosive interview with Elijah Johnson.
In the wake of the recent IRS scandal targeting tea-party groups, Barnhardt discusses her tax revolt against the IRS, declares a federal tax strike, and promotes an idea Ron Paul has promoted for years: Abolish the IRS! [Read more...]
Fed to Attempt MOPE Taper in September?
Yesterday we published commentary from Truth in Gold on why the Fed taper won’t happen- namely that the entire Western financial system cannot survive without the Fed’s $85 billion a month, and that rather than taper, the Fed will soon have to INCREASE the rate of QE.
Today, ahead of the FOMC meeting this week, SD’s Eric Dubin explains why on the contrary- the Fed is likely to strongly hint at tapering this week, and could potentially cut MBS purchases by $10 billion a month in September, in a massive public relations stunt that will likely have a half-life of 3-6 months before QE to infinityer is announced. [Read more...]
Alasdair Macleod: Gold is being supplied by western governments
There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash. The supply can only have come from two sources: the general public, or one or more governments.
It really is that simple. [Read more...]
Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit
What Detroit is facing is not really that unique. In fact, Detroit is a perfect example of what the future of America is going to look like. We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency. Already there are dozens of other cities across the nation that are poverty-ridden, crime-infested hellholes just like Detroit is, and hundreds of other communities are rapidly heading in that direction.
So don’t look down on Detroit. They just got there before the rest of us. [Read more...]
Platinum ‘Supply Squeeze’ Likely To Lead to Record Prices
Platinum’s fundamentals look increasingly strong and platinum is an attractive diversification for bullion owners looking to further diversify the precious metals component of their investment and savings portfolio.
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund (ETF).
The launch of the South African ETF in mid-May has already attracted a whopping 371,000oz of platinum demand to date. This is more than double the growth in the rest of the platinum ETFs combined this year. [Read more...]
20 Examples Of How America Is Rapidly Going Down The Toilet
Deep corruption is eating away at every level of American society like cancer. We can see this in our families, we can see this in our businesses, and we can especially see this in our government. We have the highest rate of divorce in the world, we have the highest rate of teen pregnancy in the world, we have the highest rate of obesity in world, and nobody has higher rates of cancer, heart disease and diabetes than we do. The suicide rate is soaring and our economy is falling apart. Meanwhile, our politicians seem absolutely clueless and we have piled up the biggest mountain of debt that the world has ever seen. Has America ever been in such bad shape before? The following are 20 examples of how America is rapidly going down the toilet… [Read more...]
The Long Silver Ranger
Could China be the big silver long? Who else has deep enough pockets to endure the recent price weakness and the increased margin requirements that typically follow?
China used to export silver, but it has recently turned into a net importer. It would therefore make sense for the Chinese to seek delivery, especially given the difficulty of obtaining a reliable stock of silver these days.
Outside of the big ETF (SLV) and COMEX, no significant (government) stockpiles of silver currently exist.
It is now thought to be U.S. operators initiating the selloffs at Asian openings.
Could this be yet another front in the trade/currency war?
[Read more...]
Eric Sprott: Central Banks Selling Gold Are Running on Fumes!
Eric Sprott, President and CEO of Sprott Asset Management, says extreme physical demand for gold and silver is draining supplies. Sprott predicts, “Somebody’s going to fail here. All the data I look at says the Western central banks . . . that have been selling gold are running on fumes now . . . so, it’s very close at hand.”
Join Greg Hunter as he goes One-on-One with money manager Eric Sprott. [Read more...]
Thousands Of Companies Have Been Handing Over Your Personal Data To The NSA
It isn’t just Internet and phone companies that are giving your personal information to the U.S. government. According to an astounding report by Bloomberg, “four people familiar with the process” say that “makers of hardware and software, banks, Internet security providers, satellite telecommunications companies” and a whole host of other sources are handing over your personal data to federal agencies. The truth is that there is so much more to this NSA snooping scandal than the American people know so far. When U.S. Representative Loretta Sanchez said that what Edward Snowden had revealed was “just the tip of the iceberg“, she wasn’t kidding. The U.S. government is trying to collect as much information about everyone on the planet as it possibly can. And this incredibly powerful intelligence machine is not going to go away just because a few activists get upset about it. The United States government spends more than 80 billion dollars a year on intelligence programs. Those that have spent their careers constructing this monolithic intelligence apparatus are doing to defend it to the bitter end, as will the corporate partners in the private sector that rake in enormous profits thanks to big fat government contracts. But if the American people don’t stand up and demand change now, it is going to be a signal to those doing the snooping that they can push the envelope even more because nobody is going to stop them. [Read more...]
Here’s Why The “Taper” Won’t Happen
Source: Banzai7
Based on two key factors, not only will the Fed not taper, but it will be ultimately forced to up the ante on QE or risk a serious accident in the banking system and in the economy. [Read more...]
Jim Sinclair: This Will Save You 83% of Your Assets
Jim Sinclair continues to urge PM investors to take action now to prevent the coming theft of their savings and assets at the hand of the banksters:
Funds can be bailed In. Charities can be bail-In. Institutions can be bailed-in, non profits can be bailed-in. Hedge funds can be bailed in.
In Cyprus there were no exceptions. Here there will be no exceptions. There will be no exception unless you make the exception for yourself.
If Cypriots had followed Sinclair’s advice below they would have saved 83% of their assets. Have you prepared? [Read more...]
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