The gold and silver cartel will resist this new move as much as possible, but the long term trend is clear: Gold & silver bottomed in late 2015/early 2016, and the question now is how fast will they rise?

John Embry joins Craig Hemke on Sprott Money News. John is bullish on the metals as it is clear they bottomed in 2015/2016, and the daily, weekly and monthly charts now all confirm the new bull market.

This is not to say that gold & silver are out of the clear, however, because the cartel will certainly be on the attack.

 

  1. When the US petrodollar is history, the pms will rocket to the moon, as they say. Hyperinflation will follow suit, wheel barrows to buy a loaf of bread, a gallon of bottled water, a gallon of gas, etc.. expect the best, prepare for the worst. Stacking the ase’s today pre 2005. 

    • “… wheel barrows to buy a loaf of bread, a gallon of bottled water, a gallon of gas, etc.”

      Yep… that OR a US 90% silver dime.  😉

       

  2. This is the John Embry who said when gold was $1,600 plus that it’s a great buy with a maximum downside of $50, just before it bombed. He’s the same John Embry who with gold at $1,300 said that it’s a great buy with a maximum downside of $50 just before it bombed. Yes, the very same John Embry who maintained for years that the cartel didn’t have the silver to satisfy demand. Only years later did he concede they did have it but he had no clue from whence it came.

    What really intrigues me is why this site along with KWN continue to publicise the opinions of this bullshitter extraordinaire.

    • Guys like Embry, Turd, Morgan… they know the inflation story, as do we. But thats all they know. they dont have any inside knowledge or insight. They dont know where the silver comes from, they dont know how long it can go on. So they repeat the inflation story ad nauseum.

    • The true “bullsh*t” ends when a ton of physical gold magically doesn’t show up for delivery or China doesn’t receive the gold they were due to be delivered.  The cupboards are almost bare.  Everyone take notice of the Treasury Secretary and his farce at Fort Knox  a couple weeks ago.  Someone is getting scared.  I almost felt sorry that the clown was put up to the embarrassing charade.

      Here is a question.  If you are “holding” something for another entity and they ask for it back…and you actually have it, what do you do?

      First Germany asked to see if there 300 tons were in good standing.  They were told to buzz of and go away.  As there suspicions grew, they then demanded their gold back….which was followed by “gulp” sound by the Fed.   At first they were only able to produce /  return 5 tons.  The rest was finally returned after years….but it wasn’t the same gold that Germany gave them to “hold”.

      An independent audit has not been done on the nations gold since the Eisenhower administration for a reason.  Any guesses as to why?

      Price discovery is about to pay an unwelcome visit shortly after the current pm suppression paper sham collapses.  Pull up a chair and a bowl of popcorn.  The show is finally about to start.

       

       

       

       

    • @RNSTX
       

      “Everyone take notice of the Treasury Secretary and his farce at Fort Knox  a couple weeks ago.”

      Yes, that was absolutely ridiculous and made me wonder why they would make such a farcical effort.  It was laughable at best and sad at worst.  Anyone with any industrial or banking experience would know that it would take *days* to carefully survey the gold in all of the vaults at Ft. Knox.  One cannot do this in a couple of hours.  What one can do in a couple of hours is participate in a dog and pony show, which this clearly was.

       

      “Here is a question.  If you are “holding” something for another entity and they ask for it back…and you actually have it, what do you do?”

      Clearly, you give it back.  I have considered this question a number of times and I have a scenario in mind that should clarify it for some.  Imagine having, say, $10,000 worth of gold in a safety deposit box at your local banking institution.  You pay your SDB fees annually and are up to date.  But one day, you decide to go to the bank / CU / S&L and take a look at YOUR gold.  When you get there, you are assured that the contents of your SDB are fully protected and intact.  You make a move toward the SDB vault area and are then told, no you can’t go in there.  You say, “But I just want to LOOK at it, not take it out” and they say, “Sorry, no can do.  It’s a security issue”.  This, of course begs the question of “Whose security is making this an issue?”.  It can’t be yours because the box only contains YOUR property and you DEMAND to see it.  Excuses flow and the end result is that your mysterious gold is not seen.  When you demand its return, you are told that it could take 5 years to get it to you.  Eventually, you get part or all of your gold returned but they are not the same coins you put in there.  Now, does ANY of this sound rational?  No, not to me either.

       

      “An independent audit has not been done on the nations gold since the Eisenhower administration for a reason.  Any guesses as to why?”

      I will hazard the guess that TPTB know full well that not all of the cracks in a dying system can be papered over with fiat currency.  Some of them are too big and run too deep for that, so must be filled with gold to stabilize the financial system.  I make this guess on the basis of the never-ending list of ridiculous excuses offered up for not auditing the US gold hoard or the Fed and for the amount of time that it took to give the Germans back some of their gold.

       

      “Price discovery is about to pay an unwelcome visit shortly after the current pm suppression paper sham collapses.”

      Indeed.  But it is likely IMO that it is price discovery that will cause the paper pricing sham to collapse.  Will this be instigated by the Russians and Chinese?  Probably so because they have and produce quite a lot of gold.  They remind me of poker players sitting at a card table with stacks of golden chips in front of them while Uncle Sam sits there with a gold-painted model of Ft. Knox in front of him.  Sooner or later, he WILL be asked to show his “money”, if he wants to stay in the game.  Furthermore, we can all bet real money that he will be asked that question at a time when it is most advantageous for the other players.

      Remember that true price discovery for gold also will be true price discovery for the US$ and UST paper.  As gold rockets higher in price, both of those paper assets will tumble.  Got gold and / or silver?  If not, life is about to shift from “the best of times” to “the worst of times”.

       

       

    • Well, he did get some calls wrong, but who didn’t in this space?

      I like John Embry, I think he is an honorable man who would never purposely steer anyone in the wrong direction.

  3. How’s that GA(B.S.)Narrative working out for you today Turd?

    I’ll state the obvious… very few, if anyone seems to really care at this point what Craig’s still trying to sell/shill day after day.
    People have finally woken up and see guy’s like him for what they are….a pitchman and B.S. artist for anyone willing to let him do it for them.
    Starting a new website at this point is clearly an exercise in escaping your past in an attempt to rebrand your image and reputation. Too late.
    Vouching for Maguire was one of the most foolish and self destuctive acts he could’ve done because in doing so you realized that…
    a.) he’s either a completely naive idiot who’ll believe or say anything or b.) he obviously has a financial benefit or incentive to repeat and regurgitate and market other people’s incessant pumping of the metals NO MATTER WHAT.
    You can apply the following to a lot of things in life…
    “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle.
    We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken.
    Once you give a charlatan power over you, you almost never get it back.”
    -Carl Sagan-
    Credibility used to stand for something at one point. When people accept or ignore obvious B.S. they do so for reasons only known or unknown to themselves.

  4. I disagree, I think they can suppress gold and silver forever.

    As I’ve said, I’m liquidating.  Not all of it, mind you.  I’m keeping some around, I’ve already gone too far in at this point.

    But I’m leaving it to the future generations to sort this shitstorm out.  I want no part in either gold or silver, or this world, any longer.

    • Dolph,

      • Andrew Maquire is providing play by play analysis the last few months via an insider’s perspective that in fact “they” are losing control of the paper prices NOW.

      The game runs out when they can’t scrape up the physical to deliver.   The prices are rising and the massive paper short positions are getting crushed.  Physical demand is finally overwhelming the paper fraud.

      Andrew along with many others are calling for a price reset very soon.

      WhIle you can create endless new cryptocurrencies..last time I checked, we can’t create a new gold and silver.  185,000 tons of gold above ground and most has gone into a black hole.  Silver is quoted about 6 times that on the high side of the estimates I have read.

      When GS comes out this past week and suggests running from paper and to buy the real thing,we may very well have reached the end of the paper pricing charade.

    • “185,000 tons of gold above ground and most has gone into a black hole.  Silver is quoted about 6 times that on the high side of the estimates I have read.”

      I have read in multiple articles that 160,000 tons of gold have been mined throughout all of human history.  How they figure this when gold was mined for a very long time before ANY records were actually kept escapes me but it is clearly an estimate.  Gold endures.  If it is made into something, sooner or later it is recycled into something else.  A ring becomes a coin becomes a bar, etc.

      But silver is not hoarded as is gold.  No, it is consumed, which is to say that most of it is trashed when the small amounts of it in electronic devices and in silver-plated items are thrown out because it isn’t worth recycling them.  The amount of silver bullion available today above ground is actually fairly small.  The US Gov once had 2 billion ounces of silver held in reserve but those days are long gone and so are the US silver reserves.

      Added to this is that world silver production is not meeting the demand for silver, so some purer forms of silver are being recycled.  Things like sterling silver and coins containing silver are sufficiently pure that they have considerable value.  At today’s low prices, it is not economical to recycle silver-plated items unless one has a LOT of them to recycle.

       

  5. The bottom line for me is… the current gold and silver prices are still above my average costs for each.   Inflation continues to eat the dollar… so I am holding some aces and smiling.   Every investment has a risk/return trade-off.   Winning BIG in the metals is mostly hype… but long-term physical protection is a reality.  If you want to win big… then be willing to take on the added risk… and play other markets.

    What are the odds of winning big in the metals?  About once in a decade… but we are due.

    • I agree with your perspective. Every investment has a risk/reward scenario. In my opinion alot of people get into the physical metals not realizing it is very volatile. I think the metals are the only form of real savings, a commodity that can never go to zero worth, never. Most do not have the stomach for the volatility, but if they are patient the time is coming where the metals will shine. The BS in the market will end someday, and it will be sooner than most think.

    • It is worthwhile to look back at our own financial history when considering what the future might look like.  The fact that gold once sold for $35 an oz. and now sells for $1350 an oz. should tell us that holding gold over this time period beat the hell out of holding a depreciating asset like fiat debt paper.  Gold is now 3857% higher than it was back then.  How’s that equivalent stack of fiat doing?  Inflation has pretty much devoured it… because about 97.5% of its purchasing power is now gone.  So much for the value of paper over long periods of time.

      Stocks, on the other hand, have fared MUCH better than fiat cash.  Yes, there have been some spectacular stock failures, such as Enron, World Com, and others.  But it is not at all difficult to insulate ourselves from such disasters via the proper use of diversification.

      According to:

      http://www.aei.org/publication/the-stock-market-in-100-year-perspective/

      Stocks, as measured by the Dow Jones Industrial Average have gained 32,600% over the century between 1914 and 2014.  This is about 8.5 times better than gold but HUGELY better than fiat cash.

      It is numbers like these that lead a prudent man to be financially well diversified, come what may.

       

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