Jamie DimonThis past reporting period we saw a very rapid decline followed by an equally impressive “rally”.  It is my firm belief that the decline was due to serious shorting by the speculators and it is not yet the time-frame the bullion banks desire for an all out price smash, so they quickly manipulated the strings, let go of some lower priced contracts and price popped up again to exactly where they wanted it.  They appear to me to be interested in a very slow decline producing depression in the metals, not the schizophrenia of price instability. 
If the metals crashed too quickly, it would spoil the long range plans of the elite and cause a panic before its planned time.
In gold, we have three solid weeks of long buying by the overall commercials with short selloffs on 4/8 and 4/15 and heavy purchases of longs and shorts on 4/22.  On 4/15 we see phenomenal short positions taken by the large specs and the small specs.  That is exactly what the bullion banks want.  This is a setup.


Gold & Silver COT Report by Marshall Swing:

My apologies to anyone looking for my report last week as I was away from the Southern Illinois Wilderness and in Charlotte, NC visiting friends and family and time traveling did not allow a full synopsis.

 

A lot happened in the last two weeks, but anyone who reads these reports regularly knows my predictions are right on schedule as almost no one believed when silver was $22ish that we would be well around $19.50 at this time.  Almost all the other prognosticators predicted metals surging ahead but most of them read tea leaves whereas I have developed methods to understand the numbers we see in the COT.

 

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Of course, no one believed when silver was $36 and I said it was headed for $18 and below either…

 

Just simple math and observational assumptions based on experience over time.

 

Just like an artist paints a canvass, the numbers speak volumes to those who observe them often and over time.  You start to see patterns!

 

In silver, the report of 4/8 saw significant increases in both longs and shorts in the commercials but 4/15 saw unbridled long buying by those bullion-meisters and this past week saw them sell off relatively equal numbers of each.  This past week was a selloff in general by all players but nothing overly dramatic, yet price dropped as I predicted it would.  It is important to understand that price can rise or fall in a selloff, I have shown that previously.  Price can decline in significant buying and I have shown that as well.  Sentiment rules but manipulation is KING.

 

Precious metals is not merely a puppet’s games on strings.  It is on two sets of strings.  One of the sets is from above like we see in puppet dioll shows but the bullion-meisters also have strings coming up from below ;)  One way to think of this is in a futures contract for every long there exist a short.  Price can move when high priced contracts are sold and that drops price or when low priced contracts are sold and that could up price somewhat.

 

This past reporting period we saw a very rapid decline followed by an equally impressive “rally”.  It is my firm belief that the decline was due to serious shorting by the speculators and it is not yet the timeframe the bullion banks desire for an all out price smash so they quickly manipulated the strings, let go of some lower priced contracts and price popped up again to exactly where they wanted it.  They appear to me to be interested in a very slow decline producing depression in the metals, not the schizophrenia of price instability.

 

To some, a rapid decline followed by what appears to be resiliency upwards indicates strength.  That is not the case, I am sure.  If the metals crashed too quickly, it would spoil the long range plans of the elite and cause a panic before its planned time.

 

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In gold, we have three solid weeks of long buying by the overall commercials with short selloffs on 4/8 and 4/15 and heavy purchases of longs and shorts on 4/22.  On 4/15 we see phenomenal short positions taken by the large specs and the small specs.  That is exactly what the bullion banks want.  I have said repeatedly this is a setup.

 

However, it is intended to be a setup that I believe will take some time to play out, therefore, we could see several spikes to the upside in order to extricate money from those speculators forced to abandon their shorts but they will be enticed to purchase them again later.  The other possibility is sell in May and go away and the doldrums of the trade winds set in and we languish in price stagnation.

 

I see nothing amiss in Martin Armstrong’s prediction of rising DOW and falling metals.  Capital flows will come home to the West into equities and bonds and the rest of the world deteriorates and world tensions will rise heading towards September 2015 just as Armstrong predicts.  My opinion is the low in the metals is reached ahead of that date and a slight rebound starts and then the bonds and equities crash off the high cliff as currencies around the world are trashed into oblivion and there has to be political change to make the pain go away and maybe the hero Obama is rewarded with the unthinkable third term when he delivers the world from the financial brink?

 

One thing you cannot miss in the gold tables this week is the week of 4/8 the Swap Dealers cashed in on some high priced shorts and made a TON of money!

 

So did the Producer Merchant the week of 4/15…

 

Then the large spec did likewise this past period but did they make any money or were those shorts covered when the price rebounded upwards?

 

But notice over 7.5 million short ounces by the Swap Dealer!  We can stay at these low prices, and lower, for a long time to come.

 

Puppets on strings from above and BELOW.

 

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  1. I am a long holding for the 100.00 plus .
    I just had a silver broker call me and tell me I am crazy and I should get on the shorting game because silver will never go up more than 5.00 from here and I am losing tons of money.  My Question is this everything I read talk s about how little silver is left in the world and the true price will be coming soon . Am I right or wrong to feel this way I got pissed at the guy and hung up. Thoughts everyone please. .

    • Only had to read the title to know who the author was.
      He’s been calling for the imminent crash for months now, fundamentals be damned.
      The mystery isnt why silver hasnt crashed, but why the docs give a soapbox to this shill

    • If you understand that you are in the most manipulated market of all then you would realize these prices are not real in relationship to debt and debasement alone!

  2. The broker is probably right.I am down 75K since I began listening to the writers on these blogs(pros and novices alike)3 years ago.Silver is not in short supply even though these blogs were spreading this dis-information about a year ago. Short supply translates into delivery disruptions and price increases.That hasn’t happened. Read these articles with a grain of salt to keep abreast of what the MSM is not reporting but don’t listen to these Yahoos regarding financial advise or PM’s pricing direction. It will put you in the poor house. Cheers.

    • Yeah??
      Well You are far from the only one. Measuring in dollars, while understandable is pointless.
      Maybe that dumba$$ broker should read yesterdays Bill Holter?

    • Hi 4 oz :)
      “Measuring in dollars, while understandable is pointless.”
      If that is the case, then why take a jab at someone like Marshall? He writes what he sees, but apparently it is unthinkable for someone to have a differing of opinion regarding the subject of metals who states for now lower prices are likely. Why get so upset if it is pointless to measure in dollars, what difference does it make when someone like Marshall states his opinion based upon his experience? So far he has a pretty good track record and that cannot be stated for a majority of prognosticators who have stated the same mantra for years, AND they also get paid correct?
       
      I think we must be much more clear in regards to what is important and what is not. Marshall is one of the good guys, whether he writes prices are going “to the moon” or whether he writes they are going lower. He is simply sharing what he has learned in HIS experience, and because he does not state what someone wants to hear, he is now just considered a ‘paid shill’?
       
      This logic makes no sense, and there is so much conflicting statements made here it can be very confusing. Each of us must take responsibility for our decisions, good or bad, and unfortunately many have gone ‘all in’ for years and are now feeling it, based upon the material from many other ‘paid’ writers, the only difference is many of them simply said what everyone wanted to hear…but apparently this is OK?
       
      What ever happened to ones own due diligence to make certain they understand the risks involved? Do you honestly think there is no motive to those who have been screaming for years that gold would see by now 5,000 per oz, and silver 100 – 500 per oz? Do you think many of those who say these things only say it because they have your best interests at heart, or does their track record perhaps reveal a money trail that ends up in their pocket? We all must take this path with eyes wide open, and do what is prudent and proper on a personal level.
       
      If measuring price in dollars is pointless, then why bash someone like Marshall if he shares something from his experience that tells him lower prices are coming? What kind of “threat” does he pose by doing so? So far he has been calling it well, should he be placed in a ‘hall of shame’ for telling the truth as he sees it?
       
      Thank you Marshall for sharing your thoughts. It is healthy to address both sides, and certainly Marshall should NOT be treated as some perceived threat. If one thinks he is some how a threat, I would advise the person to take a step back and re-evaluate their decisions and goals, because obviously the anger often showed here is what happens when at this time, reality fails to meet ones expectations, or those claims that were made the last 4 years that prices would be exploding simply proves that the hype worked, and no one likes to feel they were taken advantage of or perhaps lied to in the near term.
       
      I think we are well aware of how the game is being played, and that at some point that game changes in favor of much higher prices, but that day may yet be years away, so for the long term, we wait and those able, will keep buying because down the road, todays prices may be nearing bargain basement. I just do not understand the anger and accusations made against someone who sees something other than what the mantra has been for years. if anyone has proven to be some kind of threat, it is those who have consistently made claims that up until now have been proven wrong or at the very least ill timed. I have read for years that Comex any day will default, that gold will see 3500 plus, silver 100 plus, but my own research did not lead me personally to that conclusion, but I still buy some silver because it is a prudent thing to have, because we will likely see a slow implosion of the current financial system over time, but it may take years yet. When it happens, there will be no forewarning, so we all take steps to prepare best as we can.
       
      Just my thoughts, I am just trying to understand why so much drive by anger when someone simply shares an opinion. This kind of reaction is not at all healthy, but far too common. I think we are adult enough to get along even when we may differ on our views, without resorting to name calling and anger.
      Have a good day :)
      Jim

    • Jim—
      Not taking jabs at anybody.
      I read Marshall Swing every week..and he often posts replies  here too.
       
      Rulerman was expressing concern after this piece…and he isn’t the 1st person to express concern after reading Marshall.
       
      As Bradford correctly pointed out lots of people post blogs and or give analysis of technical and/or fundamentals.  And plenty of peeps–including me—are way way underwater because of all the $hit that has gone on in the PM markets….but so be it.  Time will one day arrive when what you have—is what you have.
      Period.
      Screw the charts. Listen to all with an open mind, But add, consistently, as often as you can..and in the meantime enjoy the good things that you have around you.
      No reason to be impatiently wishing for things to come crashing down…..it’s likely to suck…and will be here before ya know it…
      Sheeesh…C’mon I’m a Seahawk fan and it’s plain as day— Hell has already frozen over…..

    • Great reply Jim, you are calling it as you see it and I have to applaud at your obviously genuine heart-felt words of advice and observations.

      The best signature quote in this forum is from PatFields:”Paper rots, coin does not”.  If one currently has a paper loss just remember that all markets go up and down … it will take time to recover but it ultimately will. Even so it is our responsibility to make our own decisions (financial and otherwise) and accept the consequences of those actions.

      Trying to time any market is  a dangerous game so I buy all the time, but I buy much more in downswings. Don’t become so enamored with an asset that you are either “all in” or can’t sell.  Remember the lesson of The Tortoise and the Hare.”? Spread your risks … the rewards may not give “to the moon” results but they usually work out well.

    • @Cyberspace Void
       
      “Spread your risks … the rewards may not give “to the moon” results but they usually work out well.”
       
      Agreed.  Investing is a game that includes odds and the way to do well at it is to shave those odds in our favor whenever we can.  Diversification, asset allocation, and dollar cost averaging are the three most powerful techniques that small investors, like us, can use to our financial benefit.  Silver (and gold) can be purchased in the same way as stocks, mutual funds, ETFs, or any other financial asset… which is to say in small increments over time.  Buy small and buy often. This will help limit the market price risk we face when buying PMs.  When there is a substantial dip in prices, buy more.  Hold for the long term.  Do not use short-term money to buy PMs.  They are long-term holdings and should be considered as your savings account and not your checking account.  Fiat is for short-term spending.
       
      Yes, “to the moon” is a delightful fairy tale and one that we would all enjoy.  But the reality is that any asset that can “go to the moon” can also crash horribly and do terrible financial damage.  This is why caution is HIGHLY advised.
       
      All this said, people need to understand that silver and gold are much more like financial insurance than they are like an investment.  They are there as a PART of our holdings.  They add stability in times of great volatility.  They are a safe haven asset class that does not correlate well with stocks or bonds.  It is no more financially responsible, IMO, to go all in with ANY investment than it is to avoid that investment completely.  Moderation is where it’s at, folks, and it generally wins the game over time.  In the short term, PMs are very volatile, so it is best not to make decisions about them that hinge on the short term.  Their place is in the long term, as stores of value, as financial insurance, and as a hedge against inflation that we know exists in spite of what we are being told about it.  Our own shopping experience tells us all we need to know about prices these days, particularly for food and fuel… two absolutely vital items that consume a good share of our free cash flow and without which we cannot live.  But, in its infinite wisdom (?), the Fed does not include these in its inflation calculations, ostensibly because they are too difficult to model or are too volatile to reveal the truth.  Neither of these explanations makes any sense from the mathematical point of view.  But they make perfect sense from the political point of view.  The road to Hell in economics is littered with the corpses of people, companies, and nations that tried to make economic decisions for political reasons.  It simply does not work.  Yet, for some reason, there is a never-ending stream of people ready, willing, and able to try it.  It is in our best financial interest not to join such a group.  Cheers, all.  :-)
       

    • @Ed_B  et al
      Ed_B said: “But, in its infinite wisdom (?), the Fed does not include these in its inflation calculations, ostensibly because they are too difficult to model or are too volatile to reveal the truth.  Neither of these explanations makes any sense from the mathematical point of view.  But they make perfect sense from the political point of view.  The road to Hell in economics is littered with the corpses of people, companies, and nations that tried to make economic decisions for political reasons.  It simply does not work.  Yet, for some reason, there is a never-ending stream of people ready, willing, and able to try it.  It is in our best financial interest not to join such a group. ”

      I don’t think I could have said it any better myself….

      CV
       

  3. No need to read the whole article; it basically states that prices will stay lower until the criminals let the price rise. Tell us something we don’t know. I personally believe that silver and gold will stay flat to lower over the next 12-18 months and the equity market will continue to rally during that time. As a ‘stacker’ you use this opportunity to accumulate the physical at these depressed levels. Dollar cost averaging is the way to go. Remember this is a marathon not a sprint. 
     
    Anyone playing in the highly manipulated paper markets is playing with fire.  

    • Yep…that’s the thing to do.
      Charlie has got it right–just keep stacking!
       
      While in my LCS picking up a few ASE’s today the dealer told me he can’t keep silver on the shelf. Was adding (4) 2014 ASE of which he had  a pretty good supply for once…but told that he moved 10,000 Silver rounds yesterday…everything that came in Monday morning was gone… and he figured all the new ASE would be gone sometime today, Tuesday.

    • I don’t see this economy lasting 12-18 months, regardless of what the “experts” say. A major fail is very close. WWIII is also another possible game changer in the not too distant future. Bottom line is they have complete control when it all goes down and it just seems like it can’t go on much further to me.

    • SilverSlicker … “I don’t see this economy lasting 12-18 months, regardless of what the “experts” say.”
       
      I’m firmly planted in your camp. The near vertical assents of inflation in all the major currencies worldwide, indicates to me that the exponential rate of ‘green-stamp’ generation by the banknote scheme is like an engine with its throttle irreversibly jammed wide open … minutes ticking away before the inevitable climax.

      The thing is quite ready to start spitting out valve stems through the rocker-box covers. Next, the piston rods bust through sides of the block and the old jalopy will just roll in the ditch, best to be left there to rust away.

      In an odd irony, I have to hand it to the bankers’ inventiveness at staving this off these past couple years, but the nature of an exponential progression is that … the worse it gets, the worse it gets and the faster it goes, the faster it goes.

    • 12-18 months ago, what would the time line have looked like?
      It all takes longer than we fear, expect or wish.

      I want fat triple digits, and prepared for it to take 10 years. Always 10 years from present. 
      $100 won’t satisfy me unless real estate loses 80% in the same move.

  4.  From what I see the paper is the real problem in this whole game . When I asked him the price of 4 monster boxes he said if you got that kind of cash I can make you 30% on your money like nothing just shorting.  I have my Core holdings and was thinking of loading the boat more as I will not put a dime in any stock now but really just want to just once get in something on the ground floor and believe silver is a gift at this price.  It cost 17.00 to dig it up so we are on the bottom.  The paper is the real problem from what I see. So should I buy more eagles or give the broker a shot?  Thoughts? ?

    • @rulerman : Precious Metal Pete laid this all out over two years ago. Here’s the Cliff Notes Version: Expect the paper spot prices to continue and go down until the market crashes then gets revalued. The revaluation will only be for the physical and not the paper stuff no matter what you believe you own or have sealed in a vault with one of these physical funds.  If you can’t hold it then you don’t own it.  Instead you’ll get the collapsed paper price value and not a single gram of gold.  Case closed! 
      If you decide to go ahead with the monster boxes I’d really suggest you consider a 50/50 split between silver and gold to cover all your bases.  Platinum could also get interesting but nothing like gold or silver.  Anyway my 2 cents worth.

      http://lcn.freedgold.com/

    • @undeRGRound : My advice would actually be much different than rulerman is considering.  I would go upwards of 75% gold and 25% silver in dollar terms.   However, a 50/50 split is still safe and covers both bases.
      Where I would deviate from rulerman is I would not purchase monster boxes.  I prefer BU 90% Pre-64 rolls of dimes, quarters and halves.  Yeah, you pay a premium but these rolls will HOLD their value better even if silver falls off a cliff.  Just like rare paintings when SHFT money seeks out high value items first.  If the masses start diving into silver at some point the BU rolls could go up much faster than just plain vanilla Eagles.  Also, they are minted currency which means they are legal tender which means confiscation threat is extremely low.  While you would never walk into a grocery store and buy $10 of food with a 1960 Quarter Roll it is in the realm of possibilities.  Once again Legal Tender Govt Minted Coin versus a collectable like a silver eagle. Only time will tell if I’m right, wrong or it didn’t matter. The trick is to find a dealer that will give good deals on BU Coin Rolls because they can be pricey. So there is more leg work required and knowledge of coin value but could turn into a much better investment than buying a monster box.

    • PowerBall … “While you would never walk into a grocery store and buy $10 of food with a 1960 Quarter Roll it is in the realm of possibilities. ”
       
      Not far fetched if nominal food prices fell to their rational equivalence with silver coinage at face. In that scenario, 10 dollars silver would purchase a quarter-filled, shopping cart of items again, as it had in the 1950s.

    • @Rulerman
      BUCK the Froker! 
      There are no guarantees shorting will make any money, and it could lose. 
      Stacking the Phyzzz is a sure win, except for short term losses, but yo can DCA down 
      and mitigate the short term losses. Maybe buy a Monster Box or less a month, just in case 
      it starts dropping again. Paper “Silver” can drop to ZERO. Phyzzz cannot! ;)

    • @powerball
      Strong advice, my friend… Like the way you think!
      “Junk Silver” is a great deal too, and I fear most BU and AU stuff will get downgraded to the same 
      “worth” or value as the “junk” silver. Much of the “junk” I have purchased is in fair condition and most
      likely contains more than the .715 Toz per/$ face value. I have even found some very nice AU pieces.
      But it’s hard to say what you will get, and if you go and shop at a coin store it is slow and many are
      on the cards. Maybe buying BU rolls is a good way for the sight unseen online purchase! As it gets
      more scarce, it will be slim pickin’s and I do NOT mean the old C&W singer  :D 

  5. I agree the coin dealers are selling everything they get and look at the Mint pumping eagles out like there is an endless supply or silver so wtf  where is all this silver coming from the shortage has to come soon .or its all BS ???

    • Hi rulerman :)
      Some of your questions only you can answer, in regards to how you are managing your holdings, and whether it is wise to add to them. I agree silver is at very attractive prices for now, but may even get better over the remainder of this year, or we could have an event that launches PM’s quickly at least for a short period of time. Volatility in metals will at some point become dangerous and the only way to avoid that is to have physical and disregard what the paper says, but only you can decide if this route is best for you.
       
      As far as shortage goes, at this time I do not think that is the case, but certainly could happen longer term. At this time, just be careful who you listen to or follow, because only you can decide what is the most prudent for your personal financial health and future goals. do not get sucked into an endless loop of some BS mixed with truth. Keep with your goals if it works for YOU, based upon your own needs going forward. If you are convinced that PM’s are the best sector, make sure it is grounded in your own research, and not because someone claims this. If you are overly concerned, then take steps to protect your current holdings via some hedging until prices work their way to your favor. Nothing wrong with diversifying while we wait but only you know what you must protect now.
       
      Jim

    • I think we are getting some of the unneeded industrial supply. TPTB tried their darndest 
      to keep a lid on Silver (and Gold) prices until the economy got worse. Now, it seems the
      industrial demand is slacking off. Just my opinion, but it seems to fit the circumstances. 
      Plus, if we are at the “price of production” plus premium, they will curtail production 
      rather than let the real price of Silver go under “price of production”. 

  6. Myself, I Just bloody well Keep on Stacking. The price their talking about is the Paper Price, not The Physical. Try buying Physical for spot if you can, it’s hard to do.
    Heck I stopped buying Silver a couple of months ago to buy Gold but then I had to sell to pay taxes, now I’m buying Gold again with a few oz’s of Silver thrown in.
    I don’t want to much Fiat in the bank so most of my wealth is tied up in physical as I don’t want to hold Paper (to damn filthy anyway and Gold and Silver are cleaner) LMAO Keep Stacking

    • Hi Charlie :)
      My wife and I have taken similar steps in regards to how much cash is in the bank. We only keep what is needed for bills, the rest is removed and kept away from the criminals who would like to take what is not theirs. I also trade stocks/commodities, have for over 20 years off and on, but the last few years we have increased also our supplies of food, necessities, etc. because it is obvious where this game is headed, but it may be years before we see all the rotten fruit from todays horrible policies. Plus the fact it is prudent to prepare while things are relatively calm, not when the crap hits the fan blades LOL We do what we are able to afford, while doing what we can to protect what we have, trying to be good stewards. The rest we leave up to Him who makes all the decisions ;)
       
      Hope you are doing well Charlie! :)
       
      Jim

  7. “This past week was a selloff in general by all players but nothing overly dramatic, yet price dropped as I predicted it would.”
    Comment: That’s a lie. You never said next week we’ll see the selloff. You speak in generalities, so whenever the selloff occurs whether its next week or two months from now, you can say “see I told ya, a selloff”.
    My opinion is the low in the metals is reached ahead of that date (September 2015).”
    Comment: Way to go out on a limb. Next year and a half?
    “…we could see several spikes to the upside in order to extricate money from those speculators forced to abandon their shorts but they will be enticed to purchase them again later.”
    Comment: I would like to make a prediction a la Marshall Swing style. Here’s my prediction, we could have several spikes lower on naked short selling of paper contracts, but eventually steadfast longs will come in and push the paper price higher. Hmmm. Marshall could be right and I could be right, at the same time. Neither of us gives a time frame, we can just sit here for as long as it takes until our prediction comes true.
     
    Jeffrey Christian was put in Doc’s Hall of Shame, for less than this drivel. I don’t want to hear incessantly from Cheerleaders, but don’t want to hear from some blowhard who comes out every week with his bear claws, claiming how easy it is to interpret the COT, how he’s consistently been right, and how every other analyst besides him is a witch doctor reading “tea leaves”. Get over yourself.
     

    • You speak in generalities, so whenever the selloff occurs whether its next week or two months from now, you can say “see I told ya, a selloff”.  
      That was the basic technique of Nostradamus and all “astrologers”. Mark that one down!!! lol
      How ya doin’, Punisher??? 

  8. Looks like it might be an an even longer haul but there is a bottom somewhere which if it coincides with more awareness will yet again mean storing wealth in precious metals is still the best option and that fact cannot ultimately be sweved by TPTB. When a state like China encourages a large population to buy precious metals they are taking something of a risk if that investment goes the wrong way for a long period for that population. Wouldn’t there be a level below which the Chinese would not allow the paper game to be dropped if they want their population to continue to help with hoovering up the available metal?. Having the prices gradually forced down over the next 2 years won’t help with what seems to be their aim and they do have the means and resources to put an end to this. This is a war unfortunately.
    I’m not selling and I will buy more when I can while keeping enough fiat in reserve to see me through and avoid a need to sell. Tough times.
    Even Lemmy knew sometime ago how amoral those ( insert expletive here ) that have the power are.  

     

  9. I’ll keep taking this manipulated sale on Ag for as long as the criminal scumbags can stand to dish it out.  This just enables me to keep cost averaging and an adding to my phyzz stack.  But do we really think they can make it last for another 18 months this low or lower under the avg. cost of production of like 24/oz.  More mines will go outta business and so will dealers. 
    They’ll quit selling or premiums will rise higher and higher where we’ll still be paying in the mid-twenties or even much higher as phyzz getts scarce and the paper prices get pushed further down.  A total cluster fuck, but we just need to keep stacking as much as we can on a regular basis.
    Don’t go putting 5 grand or 10 grand in silver now in the 19′s and then bitch if it goes down to 15 or lower and act like you’ve lost “money”.  Take it slow and wait for the upward turn so that you get the most ounces for your fiat. 
    Anyone saying they’ve lost a ton of “money” buying silver when it was in the 40′s didn’t know what they were doing and bought too much at one time. 
    But don’t worry…silver at 45/oz is still 1/3 the true value it should really be at.  You won’t be crying when one day it hits 75 and then 100 and beyond.  So just be patient and don’t let any of your phyzz go.  You’ll do just fine after the SHTF. 
     

  10. My take on PMs is as follows. 
    It behooves the system to suppress the notional value of precious metals in order to continue the Ponzi scheme of fiat currencies. That goes for all governments for not one can claim sound money. 
    It also is advantageous to the owners of this planet ( please see George Carlin for specifics ) to continue suppression of metals until such time that all paper assets are discarded with and for hard assets in their stead. 
    Knowing the above to be true one can extricate oneself from as much paper as possible and thank the owners for the extra time. 
    History has chronicled and we best heed the past for we know not the time or the place for the commencement of financial collapse but we are assured of it. 
    Gold and Silver represent emancipation from debt based slavery but currency by fiat has always, is, and will always be the method to continue the enslavement of the many by the few. Mike Maloney has done an excellent job with his video series explaining the nuances and details for those who may be new to this very old discussion, I highly recommend spending the time to edify if you have not done so already. 
    The owners know full well that the majority of the world population               ( 90% + ) will remain willfully ignorant of the coming economic catastrophe that has again been purposefully orchestrated to subjugate and have used that knowledge to continue to cement their position of unchallenged global dominance. We are the few who can see the forest despite the trees…but it is the application of that knowledge that differentiate those of us who choose to apply that “sight” from those who can just see but fail to act.
    So the windup is, stack all you can, prepare for the time to come and worry not about when but be glad that you are able to do so still. Wishing you all well.

    • @SilverTongueDevil
       
      Excellent condensation of the current situation and I agree.
       
      “History has chronicled and we best heed the past for we know not the time or the place for the commencement of financial collapse but we are assured of it.”
       
      Indeed so.  Unfortunately all too many people confuse inevitable with immediate.
       
      “Mike Maloney has done an excellent job with his video series explaining the nuances and details for those who may be new to this very old discussion, I highly recommend spending the time to edify if you have not done so already.”
       
      The “Hidden Secrets of Money” series is among the very best videos available on this subject.  Even for the older hands in PMs, these are keepers that are well worth collecting for occasional review.
       
      “The owners know full well that the majority of the world population ( 90% + ) will remain willfully ignorant of the coming economic catastrophe that has again been purposefully orchestrated to subjugate and have used that knowledge to continue to cement their position of unchallenged global dominance.”
       
      This is certainly true of the Western countries but the Eastern countries seem to have this figured out, even at the grass-roots level.  Gold and silver are HIGHLY appreciated in the Eastern nations, unlike in the West.  We have simply had it too soft and easy for too long.  The living memory of The Great Depression days are coming to an end as those in their 80s and 90s are dying off.  Most people today do not know of how despised and distrusted bankers were by a large segment of the US population back in the early 1900s or how much less faith people had in paper money than in gold and silver coins.  Stackers are a breed apart, however.  Many of us know older folks who have told us a great deal about the Great Depression era and just how terribly difficult life was for many people back then.  In addition to the personal family and friend view of history, we also know just how screwed up the fiat paper paradigm is and how fragile it is becoming.  It is a house of cards and the whole structure of it is teetering and wobbling.  It is not gonna end well for anyone who doesn’t have REAL assets in hand when the wrong card gets pulled.
       
      So the windup is, stack all you can, prepare for the time to come and worry not about when but be glad that you are able to do so still. Wishing you all well.”

      Succinct, concise, and accurate… just the way I like it!  :-)
       

  11. To add to all comments here. Have been on The Silver Doctors for three years now and will tell you all, that nothing as far as the articles posted here has changed at all. ” Oh Silver is going to go down, Oh Silver is going to go up ”  There are only two things you need to concentrate. The DXY and The 10year Bond yield. For most of what is stated here in the articles and the posts cannot state what is really happening. The fact is nobody knows and that my friends you can put in your safe along with your stack. Opinions are quite different on KWN (King World News)

    • I am still waiting for one of those piece of dung gurus to come out and say “I am sorry for being an idiot and making you all idiots after listening to me”.
       
      No matter how bad the news, no matter how bad the economy, prices are very well contained within clearly defined brackets.  Like I said before – they have FULL control.  Period.  Stop counting Russian MIGs in the skies.  Nothing will change until allowed.  That just proves all the gurus in the world to be worthless.
       
      I am more interested to hear about the silver shortages that were so vehemently discussed on so many occasions couple years go.  Turns out there ain’t none!  Say hello to my little Max Keiser, suckers!

  12. Too many words. 
     
    If any one is interested, I’m off the gold, back on the silver (numismatic coins). Gold is the wise option but very very boring. You seen an oz of gold? Its tiny. Any road, will be doing numismatics for 2 months, picking up cheap deals whilst everyone thinks silver is in the doldrums.
     
    Keep stacking. You seen the MSN on banking stress tests? Enough said. COTS reports mean nothing when pension scheme annuities are paying nothing. The bond market is a mess, Russia are land grabbing, America and Europe are tub thumping etc. Just look at the big money picture, the paper metals markets mean nothing. Fear is the best thing for physical short term, just the sheer way the Fiat mechanism works is good long term.  

    • Be sure to invest little premium into those numismatics, as when prices eventually do shoot up, percentage premiums will drop. High premium purchases will under-perform to silver itself.
      Anything fancier than a Panda is too great a risk for me now. I’ll do it only in very small quantity, and only after great thought.
      I stock up on Peregrine Falcons and Somali Elephants, and stuff in that premium range if I can find it. And a WIDE assortment of low premium rounds. You can afford lots of ounces, and each might collect some premium, if chosen wisely.
      Stuff like Maples I would have only for emergency cashing. On my continent though, there is no lower cost silver to be had. If you are in a VAT free country, stock up on generic rounds. Collectibles where possible. A Silver Shield or Zombucks round costs the same or less than an Eagle. Safe bet. But not safe enough to invest all into, when there are $0.69 over spot NTR Buffalos to be had, like now at Provident. Friggin’ insane deal south of $20 silver.
      When we are queing in front of a refiner with out silver to sell, it better all be the lowest premium .999 our money could buy. Preferably after a percentage-over-generic growing numi play. If not, it was wasted hope, or a badly executed opportunity. 

    • @XC Skater
       
      When I talk about Numismatics I am talking about real numismatics. Old Silver coins, currently looking into Mexican silver coins, old French, and if I can Argentinian silver coins. Anything from 1800 to around 1945 is good for me. Although you really need to be careful out there, a lot of the old Latin coins were using Aluminum and cupro-nickel way before us Germanic types picked up on the idea of debasement. 
       
      New minted coins, are not interesting, and if I was doing maples, Eagles, Pandas, Britannias, I may as well just be taking a dip into gold.
       
       

  13. I tend to agree with the “long-timers here (like myself) that what EVERYONE that is KNOWLEDGEABLE on the subject of gold and silver agrees upon is:  forget the day to day shennigans of these markets, because you KNOW they are manipulated.  What you do is keep stacking as you can, and ALWAYS count your stack in OUNCES, not dollars–and you will be fine down the road when the SHTF!!!

  14. Marshall Swing might as well be talking to me in Chinese. Don’t have a clue what he’s saying, except. When parasites create a game this sick I assume can anyone but parasites be responsible for Sandy Hook? Thomas Jefferson says to tell the Peeps the problems and the Peeps will solve the problems. Keep speaking your Greek Marshall. My vote to solve the silver manipulation problem, kill the parasites. Its also comforting to remember there is karma and the sands of time grind slowly, but they grind exceedingly small. 

    • Yep and it’s the usual one… data or BS?  Only CME knows for sure, although the rest of us can make a pretty good guess as to which is being spewed.

  15. @SDer’s….You have to remember that Marshall in his articles only reads the tea leaves of the paper market.  What so many of us here at SD are looking toward is the time when physical shortage breaks the paper price setting scheme.

    The big catch is that for one to be able to buy physical from your LCS the paper market must be intact.  That’s because ‘hedging’ is how the big bullion distributors protect themselves.  If the ability to ‘hedge’ dissappears, then your LCS will have no product to sell.  

    The point is you have to get your physical while you can.  When the paper market breaks and the price of physical starts to soar the LCS will be unable to secure product to sell as the distribution system will have been broken, too.

    • @UglyDog
      If prices soar, you would think they will find a way to get product to the buyers… 
      I know there will be SILVER to Buy! I GUARANTEE there will be, at some point after the 
      “MOONSHOT” Phase! 
      They will not care about “hedging” in certain circumstances.

  16. Let’s use the last 5 years as a measurement of inflation and silver prices.  The real inflation measurement that’s used by Shadow Stats is around 8-9% a year for the last 5 years.  Compounded for this period, inflation is now about at least 50%  If you look at gasoline, food, rent, ammo, health care and education, all are way into the double digits. 2014 could see inflation rates on food of 15-20%. That is going to be one of the most important and pressing issues hitting we, the people.
    We can pissed and moan about silver and gold prices, about how we bought at $30-40 an ounce.  On this date 5 years ago silver was $12.70.   It’s now $19.20  If you bought on that exact date you would be up 51%.   In exactly 5 years. And if you spent silver to buy your personal commodities you’d be break even on your silver to commodity prices.
    We thrown bombs at people presenting clarity and truth to the simple fact that it’s OUR OWN government plus nearly every government in the world today who is lying to us. Printing FIAT 24/7. What’s going to happen with that paradigm?
     That silver called out inflation almost to the penny is telling.
     The government fears silver like a vampire fears sunlight   It sterilizes the lies and bring out truth.  We didn’t stack for profit and capital gains.  We stacked because we knew crap like this was going to happen. Let’s not get all wrapped around the axle, barking at people who work to provide us information. That includes the essayists as well as the bloggers. I admit I’ve been wrong 100% of the time when it comes to price predictions. I’ll sit in the corner with a dunce hat on for that. But none of us will regret holding precious metals for the long run. 5 years is really nothing when you think about how long our government’s been destroying our purchasing power, wealth and income. There’s the enemy, me hearties.
    Silver is not in short supply. It’s almost not in abundance.  Supply and demand are now pretty much in balance.
    But that will not remain. It cannot remain. The old saying that events move slowly until they move very fast is true here.   The production costs and demand at these prices will break this price suppression paradigm.  All stats point to increasing demand and decreasing supply.  
    Gold alone is a perfect example of deep stores of precious metals being bled down and shipped east and at a rate greater than world woide production as is the case in gold.
    Pat Fields has it spot on when he says  Paper Rots–Coins do Not.  Inflation shouts out that message.
    Charlie says ‘keep stacking’.  That’s also a clarion call to action.  Debate we will, on the merits of stacking but the math of the situation has been discussed to death on this and other sites.  Demand is irreversible and will hit a point where supply cannot meet the demand.  
    And BTW  Marshall Swing in one of the good guys.   He’s never asked any of us to pay for the information he produces at his own cost of time and money

    • Don’t don your DA hat just yet, @AGXIIK
      We may still gain vindication before year’s end… 
      But I hope we can hang on longer, IMO more people 
      will awaken, and who among us is 100% ready for the 
      SHTF to commence? Any sane person can do more 
      to be better prepared for the coming storm, and 
      every minute is a gift from above, at least IMO.

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