The financial MSM would have you believe that the 10+ year secular gold bull has ended and that gold is heading down for the next 20 years.
Obviously the shills have no clue what the end of a massive secular bull market looks like.
Here is how you will know if the gold bull market has ended:

 

The Silver Bullet Silver Shield Consumerism (Santa Slave)
& Peace on Earth medallions are available now at SDBullion!

Consumerism Proof  Peace on Earth PROOF

 
By Peter Degraaf

  •  Central banks will have stopped their money printing madness.
  • The US Federal Government will have balanced its budget.
  • China will have invested 20% of its trading surplus in gold.
  • The US CPI will have peaked at a rate above 10%.
  • The public in the USA, Canada, Australia and Europe will have bought gold with their savings, including a goodly portion of their tax free savings.
  • The public in India and China will have turned from buyers to sellers.
  • Sellers of gold will have a currency available to them that offers stability.
  • Financial headlines will have featured stories of gold mining stocks that rose from pennies to a hundred dollars.  (In 1975 Lion Mines could be purchased at 0.07c a share – in 1980 the share price was $380!  Wharf Resources traded at 0.40c in 1975 – by 1980 the price had risen to $560).
  • TV screens will have featured lineups of buyers at coin shops.
  • Crude oil will have reached a record high price.
  • Silver will have outperformed gold on a percentage basis.

 

“There can be no other criterion, no other standard than gold.
Yes, gold which never changes, which can be turned into ingots
bars, coins, which has no nationality and which is eternally and
universally accepted as the unalterable fiduciary value par excellence” ………….French President Charles Degaulle.

 

*****Charts courtesy Stockcharts.com unless indicated.

 

chart one

Featured is the daily bar chart for gold bullion expressed in US dollars.  Price is breaking out from beneath five weeks of resistance.  The pattern is a bullish falling wedge.  A closing price above the blue arrow will confirm a major bottom at the $1200 level.  A subsequent breakout at the green arrow turns the trend bullish.  The supporting indicators are turning positive.  Our proprietary Gold Direction Indicator bottomed at 19% on December 3rd and closed at 51% on December 10th.

 

 

“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner, by the depreciation of their circulating currency, through excessive quantity.”  …..Nicolaus Copernicus (quoted in 1525).

 

chart one A

Here is a longer-term look at the current gold bull market, with a log scale chart.  Notice the rising channel.  The supporting indicators have turned positive, including the important Accumulation/Distribution line.

 

“The History of the US FED:

  1.   Create a problem.
  2.   Solve the problem.
  3.   Get praise for solving the problem.
  4.   Make sure the solution leads to the next problem
  5.   Back to #1.”  …..Dr. Gary North.

chart two

           Featured is the index that compares gold bullion to the DOW Jones Industrials.  The index is trying to bottom, and a closing price above the blue arrow will be the first sign of confirmation.  A breakout at the green arrow will convince a lot of investors to move funds from the stock market into gold.  The supporting indicators are positive.

chart three

Featured is the daily bar chart for gold expressed in foreign currencies.  Price is breaking out here as well, and volume was very heavy (green arrow).  The supporting indicators have been showing bullish divergence and now they are turning positive.  A breakout at the blue arrow turns the trend bullish.

 

chart four

This chart courtesy Cotpricecharts.com shows the ‘net short’ position of commercial gold traders fell for the fifth consecutive week, to 21,000 compared to 28,000 the week before.  As a percentage of open interest the number is a bullish 6%.  This compares to 5.5% on July 2nd.  That was just before gold rose from $118t6 to $1435.

 

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”  …….Frederic Bastiat.

 

chart five

Featured is GDX, the gold and silver producers ETF.  Price is breaking out from a falling wedge pattern (green box).  The supporting indicators have been showing bullish divergence and are now turning positive.  The increase in volume is indicative of strong hands buying from weak hands.  A breakout at the blue arrow will confirm the bottom, while a breakout at the green arrow turns the trend bullish.

 

 

“Remember, democracy never lasts long. It soon wastes, exhausts and murders itself. There never was a democracy yet that did not commit suicide…”              …..John Adams,  US President #2.

 

chart six

This chart courtesy Goldchartsrus.com shows the massive amount of gold that is moving into China via Hong Kong. As long as this trend continues, the fundamentals for gold are positive, and the bull market lives on.

 

 

A trillion dollars is a stack of thousand dollar bills 63 miles high.  If the stack was toppled, you could drive for an hour before you would reach the end of it.”  …..Warren Bevan.

chart seven

Featured is the daily bar chart for silver.  Price broke out from a bullish falling wedge formation on December 9th, and confirmed the breakout the next day.  The supporting indicators are turning positive with lots of room to rise higher.  A breakout at the blue arrow will confirm a large ABC bottom, and a breakout at the green arrow turns the trend bullish.

 

US Geological Society 2010 report:  “Silver will be the first element in the periodic table that would become extinct.”

 

chart eight

This chart courtesy Cotpricecharts.com shows the ‘net short’ position of commercial silver traders slipped to 12,000, compared to 16,000 the week before.  As a percentage of open interest the number is a bullish 9%.

 

“You have a choice between the natural stability of gold and the honesty and intelligence of the members of government. And with all due respect for those gentlemen, I advise you, as long as the capitalist system lasts, vote for gold.” ……….. George Bernard Shaw

 

***Peter Degraaf is an online stocks and bullion investor, with over 50 years of investing experience.  He publishes a daily report for his many subscribers.  To receive a sample copy of a report, send him an Email, or visit his website www.pdegraaf.com

 

The 2014 Silver Canadian Maple With New Security Features is Available Now at SDBullion-
As Low As $1.99 Over Spot!

2014 Silver Maple

  1. On a lighter note, here are the ten signs you have been successfully enrolled in Obamacare:
    10. Your annual breast exam is done at Hooters.

    9. Directions to your doctor’s office include “Take a left when you enter
    the trailer park.”

    8. The nurses station has a tip jar.

    7. The only proctologist in the plan is “Gus” from Roto-Rooter.

    6. The only item listed under Preventive Care Coverage is “An apple a day..”

    5. Your primary care physician is wearing the coveralls with
    a Goodwill brand tag.

    4. Where it says, “The patient is responsible for 200% of out-of-network
    charges,” it’s not a typographical error.

    3. The only expense that is 100% covered is “embalming.”

    2. Your Prozac comes in different colors with little M’s on them.

    1. You ask for Viagra and they give you a popsicle stick and duct tape.

  2. Degraaf stated: “US Geological Society 2010 report: “Silver will be the first element in the periodic table that would become extinct. “”

    How nice that he threw that in, even though it was a bit off topic. He perhaps reads here at SD, because I did make a suggestion a few weeks ago, that all PM analyst/journalists continually re-emphasize this huge issue, in one article after another. I hope he continues, and that others follow suit. This needs to be embedded into the brains of every single silver owner and prospective owner.

    On a side note, he did incorrectly refer to the USGS as the US Geological Society. It’s actually the US Geological Survey.

    http://minerals.usgs.gov/minerals/pubs/commodity/silver/index.html#mcs

    The U.S. Geological Survey is an agency that’s part of the U.S. Department of the Interior.

    • “US Geological Society 2010 report: “Silver will be the first element in the periodic table that would become extinct. “”
       
      Where is the quote in any USGS document that explicitly states this? The link you give just takes you to a bunch of documents. I’ve searched the web and cant find a specific prima facia reference proving this actually is something the USGS has declared.

    • One would hope that this silly statement was not issued by any US Gov department.  It is patently untrue.  To make it true, insert “easily accessed” into the body of the text.  That is what is ending, not silver itself.  Robotic under-sea mining will very likely uncover massive amounts of silver, gold, and many other useful metals.  Large parts of the Earth that are not under water remain to be explored at depth as well.  After that comes lunar mining colonies.  Remember that the moon is 1/13 the size of the Earth in surface area but none of that is covered with water, and very likely contains all of the elements that the Earth does, none of which have ever been mined.  Further out yet come other planets and hundreds of thousands of asteroids, all of which can be mined.  If by the end of that supply, we still have not invented a viable FTL mode of transportation to other star systems, well, then we deserve to run out of everything.
       

    • ‘tomsawyer’ stated: “Where is the quote in any USGS document that explicitly states this? The link you give just takes you to a bunch of documents. I’ve searched the web and cant find a specific prima facia reference proving this actually is something the USGS has declared.”

      You bring up a very good point. I’ve also searched for the specific document that shows this quoted statement, but was unable to find it. This statement has been referenced by long-term silver analyst David Morgan, in various interviews. In the article written by Morgan, at the following link ( http://www.safehaven.com/article/13451/silver-long-term ),he states in the 4th paragraph: “according to the USGS we’ll run out of silver from Earth’s surface around 2020.” This article is dated 5/29/09.

      If somebody would contact Morgan (I suppose the Doc can get through for an interview if he tries), I suppose Morgan can provide the precise document. It may be too old to have remained as a search engine result showing, after making a search with any internet search engine. I seriously doubt that Morgan would put his reputation on the line and fabricate such a statement from the USGS. He has a reputation as a man of high integrity in the field of silver analysis. Moreover, if Morgan and others were making up the story, I suppose the USGS would’ve considered making a public announcement to denounce such behavior.

      In the following link, http://siamkidd.blogspot.com/2013/01/silver-to-become-extinct-by-2020.html
      which is the best analysis I’ve seen on this issue, the author states:
      “It all started a decade ago when the US National Geological Survey published a report that Silver could be totally exhausted by the year 2020 and that it was looking likely that Silver would be the first element on the periodic table to become extinct!” This linked article was written on 1/31/13. Given that he states “a decade ago”, perhaps the document of interest was released ~ 2003. Other sources have stated ’09 and ’10 in different interviews. I would like to read the precise document, so hopefully the Doc will contact various sources, who recognize him as a journalist, and lead him to it.

      The link I provided was not an attempt to link to the aforementioned USGS statement, but rather a link to the USGS, in demonstrating that the ‘S’ at the end refers to ‘survey’, and not ‘society’.

    • “He has a reputation as a man of high integrity……….”
       
      The problem is that David Morgan sells silver, in the same way a used car salesman sells cars.

    • @Ed_B,

      In my humble opinion, I don’t ever see lunar mining colonies ever existing. We should probably at least walk on the moon once before we start planning colonies there. Could they make the cost back from mining the moon at 19 dollars an ounce for silver, LOL? Just saying, since if we were on a free market system and using gold and silver for money, it would probably never be worth the allocation of resources to attempt the endeavor. If we were still using fiat currency and could defray the cost of the endeavor to our great great great grandchildren, then gold and silver would probably still be being manipulated.  Any way, as I stated, IMHO.

    • @$$$$$$$$$
       
      Thanks for the link.  I read the story and agree with much of it… especially the part about running out of silver vs. running out of that which is easily and cheaply obtained.
       
      Also, if the amount of available silver were to dwindle down to very little, the price / demand function should come into play and make even marginal silver ore deposits worth developing via very rapidly rising silver prices.
       
      The USGS estimates on how much silver is left in the Earth’s crust suffers from a serious lack of hard data.  What, for example, is the amount of silver in the Earth’s crust below the Montana / Idaho / Nevada area 5-10 miles down?  The answer, of course, is that no one has any idea.  That has never been surveyed.  It is probably only in places where deep drilling for oil has been done that any analysis of deep Earth cores has been done and those areas may or may not have any silver ore in them.  But other areas could be fantastically rich in silver, gold, and a lot of other metals.
       

    • @hromano1030
       
      “In my humble opinion, I don’t ever see lunar mining colonies ever existing.”
       
      Really?  We have this great big unexplored ball of earth-type matter practically next door and you don’t think that it will ever be developed?  Hmmm.  My Gram never thought that Man would walk on the moon, yet in 1969 that is exactly what happened.  Remember Neil Armstrong and his, “One small step for a man, one giant leap for Mankind”?
       
      “We should probably at least walk on the moon once before we start planning colonies there.”
       
      Been there, done that, brought back the souvenirs that were then examined by hundreds of scientists.  It happened.  Two of the neater things that they found were minerals containing both oxygen and water in those lunar rocks.  If one can get water and oxygen as by-products of mining, then MUCH becomes possible.  For one thing, they could use the moon’s abundant solar energy to smelt the silver and gold ores, cast the products into bricks, and then use a steam-powered catapult to throw them into Earth orbit, where they would be collected.  Just be careful not to get in the way of those in-coming bricks.  ;-)
       
      “Could they make the cost back from mining the moon at 19 dollars an ounce for silver, LOL?”
       
      Obviously not.  But… we ARE talking the future here.  Silver used to cost $1.30.  At that price a lot of silver mines could not operate, so were either shuttered or places that had ore of unprofitable assay were not developed.  As silver prices rose, more and more areas became viable mining sites that produced silver.  If in the future, silver is $500 an oz., or even $5,000 an oz., I am sure that ways would be found to find all available silver ore deposits, wherever located, and develop them.  It goes without saying that it would have to be profitable, unless the cost of not having it exceeded the price of getting it.
       
      “Just saying, since if we were on a free market system and using gold and silver for money, it would probably never be worth the allocation of resources to attempt the endeavor.”
       
      Agreed.  But it is still possible that gold and silver could become far too valuable to be used as everyday money, unless tiny amounts of it were embedded into pieces of plastic, and used as money.  Milli-grams of gold and silver might be the form of money that is used or maybe we would have gold and silver in vaults and people using a debit card system to transfer ownership of gold and silver by the mg to those who sell us things.
       
      “If we were still using fiat currency and could defray the cost of the endeavor to our great great great grandchildren, then gold and silver would probably still be being manipulated.”
       
      That path definitely leads to the Dark Side, so is best avoided.  If we keep $crewing future generations, they might develop a time machine at some point, use it to visit their past / our present, and straighten us out on a few things.  ;-)
       
      I believe that mining the moon will happen but have no idea when it will happen.  Perhaps by then, it will be more a matter of necessity than price.  We either mine the moon for the metals we need or we do without.  That kind of a scenario can concentrate the mind wonderfully.  :-)
       

  3. “US Geological Society 2010 report:  “Silver will be the first element in the periodic table that would become extinct.”
    Clearly, the USGS folks know better than many others that two-thirds to three-quarters of all mined silver is a by-product of primary lead-zinc, copper, gold, and tin mines, in that descending order.  So, the world cannot run out of newly mined silver until mining for all of those other metals ceases worldwide.  That will not happen over the next eight years, or the next 80 years, or the next 800 years for that matter.

  4. Tomsawyer stated: “The problem is that David Morgan sells silver, in the same way a used car salesman sells cars.”

    So it appears as though you really believe that he’d risk his reputation as a man who ‘successfully sells silver’ by fabricating a huge lie of such a USGS statement. That’s highly unlikely and quite illogical. The late Adrian Douglas of GATA fame also repeated the same line, as noted in the aforementioned link from

    http://www.safehaven.com/article/13451/silver-long-term

    If it indeed was a lie, you can surely bet that GATA critics would’ve ripped apart the entire GATA organization on behalf of Douglas presenting such a theoretical lie. Since that didn’t happen, it’s clearly illogical thinking to suspect that Morgan and Douglas lied regarding the USGS stating their position on silver mining extinction.

    • “So it appears as though you really believe that he’d risk his reputation as a man who ‘successfully sells silver’ by fabricating a huge lie of such a USGS statement.”
       
      1.”If you like your insurance you can keep it.” ~ Barack Obama
      2. “There’s weapons of mass destruction! I know there is. Are they under here? Are they over there? There somewhere!” ~ George Bush
      3. “I swear I didn’t have sex with that woman”, and “I tried it once but I didn’t inhale it”. ~ Bill Clinton
      4. ” The end of the world will be in 1983″ ~ Pat Robertson
      5. “Silver will be the first element in the periodic table that would become extinct.” ~ David Morgan
      6. “Whats the best car to buy in town? This one is!” ~ Used car salesman
      This is just to name a few. What do all of the above have in common?
      They all don’t care about their reputation!

  5. How much does the USGS know about silver deposits in other countries?     What does the USGS know about Mexico, China, Peru, Australia, Russia, Poland, and Bolivia for their future silver production?   Not much is my bet. New discoveries are made every year, most aren’t economically feasible with 25 oz silver, at 35-50 oz that all changes.
    If the market truly believed that silver was going to be rare in the future, it would adjust accordingly.
     

    • You make a good point, ztroll.gov You see, when I was thinking about honesty and intelligence, I forgot I was looking at data from a government employee. Since you weren’t on my mind when I made this post, it simply didn’t dawn on me that government workers at the USGS are not really any different than government workers like yourself, who work for the Cass Sunstein designed program of infiltrating and undermining discussion forums with dishonesty, lack of intellect and propaganda.

      Indeed these USGS geologists probably do nothing but whore-mongering on their geological field trips to Mexico, Peru and Bolivia, just like the US Secret Service guys do, and know absolutely nothing about silver in these countries. That’s probably what you’re thinking, right ztroll.gov? Or perhaps they jerk off all day like you do. On the other hand, perhaps your handlers are monitoring you with a computer cam. Cover up that cam, ztroll.gov! They may be watching you jerk off to some internet porn, when you’re being paid to propagandize this website (and I presume others as well).

      Therefore, if you, as a government employee, demonstrate dishonesty, lack of intellect and present government propaganda, then it’s only reasonable to assume that the USGS workers who study silver deposits worldwide, are as much full of shit as you are. I know that’s what you’re thinking.

      Therefore, you’re probably right. These USGS fools probably know as much about silver in “Mexico, China, Peru, Australia, Russia, Poland, and Bolivia” , as you know about PPI; CPI; bank safety; US dollar safety; the importance of having a huge percentage of net worth in precious metals; the probability of hyperinflation; the likelihood of a bail-in;the government price fixing in precious metals, etc…

      ztroll.gov stated:
      “New discoveries are made every year, most aren’t economically feasible with 25 oz silver, at 35-50 oz that all changes.”

      Nice try with that propaganda bullshit, ztroll.gov Try more like $300+/oz

      Read the following link:

      http://siamkidd.blogspot.com/2013/01/silver-to-become-extinct-by-2020.html

      The author states:
      “In a nutshell, the USGS were partly correct. We currently have about 15 years left of Silver in the planet, but we only have about 7-8 years left of economically feasible Silver available for extraction. So combined with Silver being far rarer than Gold in investment form, prices need to increase 1000% before dedicated Silver mining operations start”.

      When the author wrote this article, silver was at $31.31/oz., and stated a 1000% increase in price before dedicated silver mining operations start. A 1000% price increase from there puts silver at $344.41/oz. in present dollars. High inflation changes all that. By the way, the author did throw in a price of $10,000 silver at one point in the article, as a real possibility. The 1000% increase is the low ball number.

      ztroll.gov stated:
      “If the market truly believed that silver was going to be rare in the future, it would adjust accordingly”

      There is no market for silver that’s controlled by supply and demand. We have government price fixing, no free market. You’re paid by the government to state we have a ‘market’, but price fixing is not a free ‘market’.

      Moreover, we still have realistically 6-7 years of economically feasible silver available for extraction. Thus the government price fixing can and will likely continue until then, unless a hyperinflation or currency reset comes into place before hand and revalues silver. Once the 6-7 year or so period of economically feasible silver available for extraction passes, the great industrial hoarding event for silver will come to fruition, as price explodes, as everyone prepares for severe shortage. The near-extinction event that the whoremongers at the USGS are projecting, will be a pleasant sight to see for us silver stackers.

      However, non-stacking government paid trolls will also have a side benefit. The government will need your services for perhaps another 7 years or so, ztroll.gov. They need you here to tell everybody that this near extinction event/severe shortage that’s staring us in the face, will bring silver prices up to 2011 levels, and not to $300+ (present dollars) levels, as stated to be realistic in the aforementioned article. You’ve clearly been presented by your handlers with that new talking point. {I’ll make a point of adding to the talking point list, next time I copy and paste it to a post.} In other words, your job is to make sure that we are all convinced to sell between 35-50, and not hold out for the shot to the moon.
      ———————————————————————————————————————–
      ZMAN is a Cass Sunstein/Obombass administration paid troll.
      ——————————————————————————————————————————————–
      “Cass Sunstein, the Regulatory Czar, had suggested, in a 2008 paper, that government agents, or allied groups, infiltrate and undermine groups that spread “conspiracy theories.”

      In a 2008 academic paper, President Barack Obama’s appointee to head the Office of Information and Regulatory Affairs advocated “cognitive infiltration” of groups that advocate “conspiracy theories” …….

      Cass Sunstein, a Harvard law professor, co-wrote an academic article entitled “Conspiracy Theories: Causes and Cures,” in which he argued that the government should stealthily infiltrate groups that pose alternative theories on historical events via “chat rooms, online social networks, or even real-space groups and attempt to undermine” those groups. ” 1

      1 http://conservativehideout.com/2010/01/17/czar-wars-trolls-cass-sunstein-advocates-“cognitive-infiltration”-of-groups/
      ——————————————————————————————————————————————————————–

      Another article describing what job ZMAN is paid to do: Obama Information Czar Outlined Plan For Government To Infiltrate Conspiracy Groups: “Put into English, what Sunstein is proposing is government infiltration of groups opposing prevailing policy,” 2

      2 http://www.prisonplanet.com/obama-information-czar-outlined-plan-for-government-to-infiltrate-conspiracy-groups.html

Leave a Reply