Ahead of this afternoon’s June FOMC statement (and as we await the imminent gold & silver smash), as tradition here on SilverDoctors, we bring back Punt The Bernank!
Sales of silver coins by the U.S. Mint have set a record high in the first half of 2013 seeing the best start to a year ever. Silver bullion coins were first offered in 1986.
Falling prices and concerns about being able to take delivery of coins amid continuing concerns about the US economy and currency debasement have led to the record demand.
The death of the gold and silver bull markets is greatly exaggerated as seen in the still very robust physical demand from investors and store of value buyers internationally including the U.S. Bull markets do not end in a period of sustained record physical demand nearly two years after prices have “peaked”.
Bull markets end in speculative manias with mass participation by the public and blow off tops where prices become massively overvalued as seen in 1980. [Read more...]
The ability to perceive and understand the truth about Government/Federal Reserve/Industry economic reports is getting more difficult for those who only look at the headlines or take a cursory glance at the story, without delving into the details. I’m sure eventually, if Orwell’s vision plays out accurately even further than it has already, the details behind the headlines will be conveniently obfuscated - “Yes, sometimes two plus two is four. But sometimes it’s five or even three. Sometimes it’s all of those at the same time.” (from “1984″). [Read more...]
April 12, 2013 was the beginning of a two day “super-crash” in the gold market.
In my professional opinion, the gold bull market ended on that day.
The world changed on April 12, 2013, because the Western gold bull market ended, and the Asian gold bull era began. [Read more...]
Cartel Footprints, HFT Algos And Price Discovery Mockery: Just Another 24hr Period In The Paper Silver World
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...]
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...]
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, 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...]
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 could potentially cut MBS purchases by $10 billion a month as soon as 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...]
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...]
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’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...]
Click or Call 614.300.1094 Now!!
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...]
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?