Caption Contest Friday!

Image: AP/Susan Walsh

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Gold And Silver Capped Until After U.S. Election?

Gold & silver prices may remain contained until after the U.S. election but we expect that soon after the election (we expect Obama to be re-elected), precious metal prices will again surge. Indeed, from November into the early months of 2013, we could see one of the largest upward price movements in gold and silver so far in their bull markets.

U.S. election years tend to see gold underperform vis-à-vis other years and this was seen in 2004 (+4.7%) and 2008 (+5%) when gold saw only marginal gains compared to the 17% annualized dollar returns seen in that decade.  Post election years saw stronger gains – with a 22% in 2005 and a 25% return in 2009.  This is likely due to the governing administration, often in conjunction with the Federal Reserve, doing all it can in order to artificially boost the economy and maintain power. [Read more...]

Ron Paul: Both Romney & Obama Are Owned by Goldman Sachs

The former presidential candidate told CNBC Wednesday that he still won’t back Republican candidate Mitt Romney, and that both Barack Obama and Mitt Romney are the GOLDMAN SACHS CANDIDATES!

Paul told CNBC: The people who run the Federal Reserve make sure their interests are protected.  They have their two guys there, believe me!  Why does Obama not attack Romney for being a Goldman Sachs candidate?   It’s because they both are within the establishment!  Neither one of them have the vaguest idea of what Austrian economics and sound money economics is all about.   They play the game and they represent the one-party system.
Some people say why don’t we get a 3rd part?  I say, why don’t we get a 2nd party!?!  I’ve been in this business for a long time, and there is essentially NO DIFFERENCE FROM ONE ADMINISTRATION TO ANOTHER NO MATTER WHAT THE PLATFORM!!

ABSOLUTE MUST WATCH!! [Read more...]

Metals Hit Again on COMEX Open

Silver & gold have been capped at $34 and $1775 once again on today’s COMEX open, silver was treated to a .50 waterfall decline precisely as it rallied to touch $34 this morning, and gold was sent back to $1765 just as it was preparing to take out $1775 to the upside. [Read more...]

Silver Buffaloes Only 99 Cents Over Spot For Any Qty!!

Doc’s Deal Of The Day

1oz Silver Buffalo’s


Call Now To Order At 614-300-1094 [Read more...]

Freudian Glitch? COMEX Futures Lists Silver at $34,000/oz, Gold at $17,700/oz

Did COMEX futures just reveal a Freudian glitch?  Futures data this morning indicated a value of $34,000/oz for silver, and $17,716/oz for gold!

The misquoted prices reflect a 1:2 price ratio with silver being 2x as valuable as gold.  Was somebody trying to communicate the fact that future gold to silver value ratio will go from 50:1 to 1:2, with silver prices rising 100 times faster than gold’s?

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T-Bonds: A Lighted Stick of Dynamite

Submitted by Ed_B

Interest rates have been artificially manipulated to very low levels and really only have one way to go now and that is up.  When rates rise, bond holders get slapped with principal losses because older lower rate bonds are not worth as much as newer higher rate bonds.  Once rates begin to rise, however, is probably not the best time to head for the bond exits, as there will be a mad stampede of other bond holders seeking escape at that same time and only so many can fit through the exits at one time.

In any case, this is NOT a place where anyone who wants to preserve their wealth should be.  Holding US Treasury paper is the financial equivalent of holding a lighted stick of dynamite without knowing just how long the fuse is or how quickly it is burning.  I would very strongly urge anyone holding US Treasury paper, perhaps in their retirement account, to sell it immediately [Read more...]

Authorities Building CRIMINAL CASES Over JPMorgan CIO Loss

Breaking reports indicate the London Whale, JPM’s ‘Achilles Heel’ and two other members of JPM’s CIO team face imminent CRIMINAL CHARGES over JPM’s CIO derivatives debacle. It wouldn’t surprise us if Mr. Dimon himself convinced authorities to bring charges simply to further extricate himself from the implications of the alleged criminal falsification of JPM’s financial statements (which Mr. Dimon would have signed off on).

Federal authorities are using taped phone conversations to build criminal cases related to the multibillion-dollar trading loss at JPMorgan Chase, focusing on calls in which employees openly discussed how to value the troubled bets in a favorable way. [Read more...]

The Illusion Of Economic Recovery Is Beginning To Fade

Back in March, Eric Sprott informed the world in Sprott’s Markets At a Glance newsletter that The Recovery Has No Clothes.
In his latest update, former Bear Stearns trader Greg Mannarino discusses the fact that the illusion of economic recovery has now faded to such an extent that every Average Joe can see it.  Once again our friend Eric nailed it 7 months ago: the recovery truly has no clothes.

Mannarino’s full update below: [Read more...]

World’s Richest Man Acquires Mexican Gold Mine for $750 Million

Mexican Billionaire Carlos Slim’s Minera Frisco SAB agreed Wedesday to acquire gold mines in Mexico from AuRico Gold Inc. for $750 million.
One of these days one of the world’s billionaires is going to decide to put three quarters of a billion dollars into silver and it will be all over for the cartel’s silver manipulation.

Billionaire Carlos Slim’s Minera Frisco SAB agreed to acquire mining assets in Mexico from AuRico Gold Inc. (AUQ) for $750 million in what would be the largest gold deal involving a Mexican company. [Read more...]

Ron Paul: Government Dependency Will End in Chaos

From Ron Paul:

The media insists on characterizing statements about dependency on government handouts as controversial, but in truth such statements are absolutely correct.  It’s not that nearly half of Americans are dependent on government; it’s actually more than half.  If one includes not just people on food stamps and welfare, but also seniors on Medicare, Social Security and people employed by the government directly, the number is more like 165 million out of 308 million, which is 53%.

Some argue that Social Security and Medicare benefits are a right because people pay into these programs their whole lives, or that we need a government safety net in place for people who fall on hard times.  However, this all becomes a moot point when the funds people depend on become worthless due to government default or rampant inflation. [Read more...]

90% Silver Bags As Low As 69 Cents Over Spot!!

Doc’s Deal Of The Day

90% Silver Bag


Call Now To Order At 614-300-1094

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After Overnight Rally, Gold & Silver Smashed Again on COMEX Open

Gold and silver rallied throughout the Asian and London overnight sessions in the wake of Wednesday evening’s downgrade of Spain by S&P.
Gold had risen almost exactly back to $1775 which the cartel has capped for nearly 3 weeks now, and silver had run to $34.44.
What happened next won’t surprise any of our readers, as both metals were once again smashed on the COMEX open. [Read more...]

Black Tie Activists Crash Investment Banking Awards- Recognize Barclays Banksters for LIEBORGATE ‘Innovation’

A group of black-tie anti-bankster activists recently crashed the Investment Banking Awards by making it on-stage and presenting Barclays executives with an award for LIBOR manipulation innovation.  Perhaps next year the activists can recognize Blythe and Jamie for innovative manipulation of the silver market.

The Investment Banking Awards are the Oscars of the financial world. Dished out for so-called ‘innovation’, some of the world’s richest bankers gather together to congratulate each other on devising ever more creative ways to make obscene sums of money.

One of 2012′s most profitable scams was the bankers’ ‘innovative’ approach to a key interest rate called LIBOR. Virtually every bank at the event was involved in illegally colluding to rig LIBOR, ensuring that they would always be the winners in the multi-million pound bets they were making on the markets.

When we noticed that this money-spinner had been overlooked in the ceremony, we decided to show up and make sure the LIBOR-riggers got the recognition they deserve.

Full clip of the activists presenting the award (and then immediately being ushered off-stage) below:

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