To all of you who are on the fence about buying physical, NOW IS THE TIME TO BUY while there is physical on the shelves. In the coming months, I truly expect metal prices to continue to depress, but at some point there will be a HUGE gap to the downside where major players (the bullion banks) cash in on their shorts very very quickly, reaping the cash, then repositioning in LONG positions as silver and gold GO TO THE MOON. During that VERY BRIEF WINDOW, it may not be possible to purchase silver and gold at rock bottom prices and the only options left are fiat futures, index fiat futures, or fiat metal mining stocks. You do not want to be in any of those, IN MY HUMBLE OPINION.
I firmly believe what is coming is going to confiscate all metal in mines from personal stock holdings and it is my expectation just as we see the veiled robbing of 401Ks, retirement investments, and all such fiat vehicles to “cover” the coming collapse, that all investments in paper shares will be lost.
If we have a MAJOR crash next year, a financial crisis like the world has never seen, do you really think they are going to allow the small speculator holders of paper physical metal in futures or mines to hold those vehicles when silver is $500 an ounce and gold is $10,000 an ounce? Stay thirsty for physical, my friends…
By SD Contributor Marshall Swing:
Greetings from the Land of Luzon, Albay, Bicol, in the city of Legazpi, Philippines.
My beautiful new bride, Ariene (since Friday May 23rd), are on our honeymoon at The Oriental Legaspi Hotel and have a constant beautiful view of the world’s most perfect and largest conical volcano, The Mayon Volcano! http://en.wikipedia.org/wiki/Mayon_Volcano
We have been here three days and leave this afternoon for Cebu, then to visit friends who just barely survived the world’s strongest recorded super typhoon, Yolanda, which killed nearly 5,000 of their neighbors, some of whom were never found but washed out to sea. http://en.wikipedia.org/wiki/Typhoon_Haiyan
the tallest peak in the Philippines just a few miles from where I stay there at Arnaldo’s Hotel in Digos City! Whew!!!
Oh! I forget, this post is supposed to be about precious metals
While Ariene and I are VERY happy and joyful that God the Father placed His hand on our marriage and we are riding on the high hills of the earth (see Isaiah 58), I am daily aware that the D-E-P-R-E-S-S-I-O-N in gold and silver prices that I predicted as far away as 3 years ago is still ongoing and slowly deepening just as I have said all along the way.
The financial elites of this world HATE gold. Period.
They do not want metal prices to reflect either true value in the marketplace and they most certainly do not want metal to reflect the unimaginable volume of fake, paper fiat they have created to flood the banks and investment houses of this world because if gold did in fact reflect the true worth of all fiat gold might just rise to $100,000 per ounce or even more.
For those who believe in the gold and silver story, they know that God the Father created gold and silver and it IS and ALWAYS HAS BEEN His true form of money along with all the other commodities He created in the earth. Knowing this, it is easy to understand the rebellion of man in terms of monetary assets as they have NO INTEREST in Truth but only interest in being able to control the peoples of the world for the purpose of their ill gotten personal gain and also making slaves of the people of the world through economies and governments of half-baked truths they disguise the freedom and liberty of man in their own lewd escapades that defy the one, True living God who created the heavens and the earth and made men free to pursue life, liberty, and happiness in the context of His laws/commandments.
But, the elites of the world scoff at gold as a unit of true value and substitute the righteousness of its justice through fair weights and measures by their false paper weights and measures created out of thin air with no regard for the common man.
My reports are limited to the devices I have developed to recognize movements in the futures numbers posted by the COMEX through the CME and CFTC. My devices include all economic reports that I read in the course of a week (with the history of months and years gone by) and my knowledge of what is to come in the world based on the works of many writers and based on my view of these perilous times. All that adds up into success in predicting price movements. I do not read writers who print graphs that try to predict price movements based on technical formations in the metals because metals are different in that there is a short for every long + psychology that determines price.
In this week’s numbers, we see the large speculators have purchased interest in a HUGE 5,147 new short contracts. Are they convinced price is going down, down, down? Of course they are. Are they also trying to depress the market and make true their hope of cashing in on the big money for all the short contracts they have purchased over the last year? It would seem a plausible scenario to attempt to enforce their will upon the market, AFTER ALL THAT IS WHAT THE BULLION BANKS DO, isn’t it? 😉
Some of the large specs purchased long positions over 2,000 contracts because they are hoping the bottom is in here at or just below the $19 level and that a correction to the upside will take place.
This week’s numbers are robust but the 2 previous weeks, if I remember correctly, were very slow as far as total interest positions go. I did not monitor volume for hints of what I call “REPOSITIONING” but then again I am vacationing with family and my future success is already locked up in bullion purchases.
To all of you who are on the fence about buying physical, I say NOW IS THE TIME TO BUY while there is physical on the shelves. In the coming months, I truly expect metal prices to continue to depress but at some point there will be a HUGE gap to the downside where major players (the bullion banks) cash in on their shorts very very quickly, reaping the cash, then repositioning in LONG positions as silver and gold GO TO THE MOON, my dear Alice’s 😉
During that VERY BRIEF WINDOW, it may not be possible to purchase silver and gold at rock bottom prices and the only options left are fiat futures, index fiat futures, or fiat metal mining stocks. You do not want to be in any of those, IN MY HUMBLE OPINION.
I firmly believe what is coming is going to confiscate all metal in mines from personal stock holdings and I know that sounds crazy but it is my expectation just as we see the veiled robbing of 401Ks, retirement investments, and all such fiat vehicles to “cover” the coming collapse (and I believe like Martin Armstrong that collapse happens late second quarter next year) that all investments in paper shares will be lost.
Let me give you a rationale for this…
If we have a MAJOR crash next year, a financial crisis like the world has never seen, one where a certain Barack Obama rushes in with plan to save the economic future of the world (and he is rewarded by the U.S. Congress with a 3rd term) then do you really think they are going to allow the small speculator holders of paper physical metal in futures or mines to hold those vehicles when silver is $500 an ounce and gold is $10,000 an ounce?
OF COURSE NOT!!!
In fact, they will begin some confiscation of the major bullion holders as metals will be forced to account for monetary security on the nations. Metals will no longer be available for personal consumption or investment at those prices. In fact, new gold rushes will begin as people head for the hills and streams to pan for gold.
Well, enough of my thoughts on the future of people and governments for now…
So what happened to gold last COT period?
Massive short coverings and massive short purchases.
The bullion banks took down gold MASSIVELY and covered -29,583 contracts and the large specs acquired 21,317 short contracts while the small specs added 9,170 shorts.
The speculators are convinced the dominate short position of the swap dealers is the KEY to the future and they are in the process of doubling down in shorts convinced of a HUGE fiat reward in the darkest hours of THE GREATEST DEPRESSION known to the history of man and they plan to cash in on it in a big way.
The disaggregated COT numbers reveal this past period’s further deepening of this depression was the work of the bullion banks while the gold swap dealers helped with short coverings because they need the cash for mine work and they bought 9.692 longs in a small effort to position their longs for the greatest fiat reward after the MASSIVE CRASH TO COME and the many times greater MASSIVE REBOUND to metal price heights never before imagined by the general financial world but the prospect of this is well known to us to understand the game they play and the events to take place in the near future 😉
So, with these thoughts, I leave you until next week.
Stay thirsty for physical, my friends…
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