fall plungeAlthough at first sight it looks like we are being presented with a buying opportunity in the precious metals sector, which has reacted back over the past couple of weeks, we have to careful here.
There has been no major correction in this sector all this year, which is inflated after months of rallying, and we will look at some evidence here that the correction may have considerably further to go…

end-collapseThe cartel hit gold hard again this week, selling $1.5 BILLION in paper gold into the market in ONE MINUTE and as Bill Holter notes, “$1.5 Billion of gold is close to 2% of global production and to see that sold in one minute is laughable.”
Bill asks, “Who has that amount of gold to sell?  And the answer of course is almost no one. 
But as the bond market and rising LIBOR rates are telling us, the system is coming apart at the seams and the coming collapse will cause “our entire world to change…

Underwater SundownWhat will be most interesting, will be market trading Monday through Thursday.  Precious metals are trying to put in an organic bottom and rally.  The dip buying proves this.  With signs that the physical market might be tightening and Indian buying about to rise, it’s not likely manipulation will succeed in keeping prices lower for much longer…

Play


Whiplash in the Gold and Silver Markets As Yellen Yaps At Jackson Hole:
fire-hot-smoke

  • Good Cop, Bad Cop: Fed Gooses, Then SMASHES Gold & Silver
  • Flying By the Seat of Their Pants – How Much Longer Can The Fed Keep the Markets in the Air?
  • After 6 Months of Falling Premiums, This Silver Indicator Just Experienced An Inflection Point…The Doc and Dubin Break Down Jackson Hole & Today’s Crazy Market Action Below:

bull-marketThe junior gold miners and explorers have soared dramatically in an amazing year, before falling hard this week.  This sharp correction is doing its job in rebalancing bull-market sentiment, crushing greed and leaving traders wary of this sector.  But gold juniors’ recently-released second-quarter financial and operational results prove their fundamentals are strengthening dramatically, a very bullish omen for stock prices.

smash-downThere was another interesting development last night. An exceptionally high 20,966 Comex December contracts were exchanged for physical (EFP). EFP transactions happen all the time, but this was a JUMBO deal. We don’t know the reason, which is most probably technical, but it could be linked to the sale of 10,000 contracts the day before.  Most exchanges would automatically initiate an inquiry to ensure that there is no market rigging involved in a $2.8bn deal.  Dream on…

explode-volcano-bankersThat big decline we just experienced is probably the intern bottom here for another rally which will extend for quite a long time.”
In this week’s critical Market Update, Eric Sprott assesses the recent pullback in the metals and miners, and discusses the context and reaction to Chair Yellen’s speech at Jackson Hole, and WHIPSAW in gold and silver prices…

endHat Trick Letter Editor Jim Willie joins us for a cutting edge analysis on the developing financial crisis, and the impact on gold and silver prices. 
Are We Merely Weeks Away From the Greatest Financial Crisis In Human History? 

dollarThe biggest bubble in the history of the world is about to pop, and as it does, interest rates will rise quickly causing the whole house of cards to fall.
The liquidity created by the central banks, instead of going into stocks as it has been, is shifting. the river of flow is shifting into commodities. We are about to have commodity price inflation.”
We are living through the end phase of a global credit bubble which has been created by short circuiting the gold and silver markets, forcing interest rates down in a secular manner over 35 years. When you have credit tightening in a credit bubble, you have the recipe for the collapse…

dollarAn Executive Order Providing for the Order of Succession Within the Department of Treasury.  “This is a HUGE Red Flag” 
President Obama Has Just Issued an Unprecedented Executive Order Regarding The US Treasury Department…