JP MorganTo 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

 

From Tacloban, it will be back to Cebu then to Bohol to visit Ariene’s family a little longer and swim at the beaches of Panglao Island, Bohol http://en.wikipedia.org/wiki/Panglao_Island then the journey to her home back in The Land of Mindanao, watched over by Mt Apo http://en.wikipedia.org/wiki/Mt_Apo
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.

 

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But, what about “sell in May and go away”?

 

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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Each of the individually numbered COA’s will specifically honor one of the 1,557 American Heroes MIA on D-Day, including their Rank, Name, Unit, Home State, & Decorations.

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  1. Well, it’s pretty clear that the ass hole bleachers are still pretty much fully in charge. With respect to a crash – in the event of a broader collapse as I’ve said before, you can’t expect anything but a short term crash in the metals if for no other reason than forced selling.

    • I can’t not see mines not getting either nationalized or commandeered. If TSHTF as bad as it theoretically should, then between the value, demand, strategic importance their best hope for confiscation is at the mine level. RIght after they steal bank accounts.

    • In other words, only those holding physical will be safe and rest of us will have nothing.  Yeah, I don’t think this is going to work out for anyone, including them.

    • “I can’t not see mines not getting either nationalized or commandeered.”
       
      Holy cow!  A triple negative?  Huh?  You, sir, have a genuine talent that should guarantee you a job writing voter pamphlets. Nobody will ever know if they are voting for or against something ever again! lol
       

  2. Everyone is overlooking the possibility that because the elite HATE gold/silver so much that they may just drive the price to ZERO. What better way for all nations to continue their theft from the public than for the PMs to become entirely worthless? I am sure that all nations are colluding against the people, so this could possibly happen. 
    All of this being said, TPTB are going to steal all paper assets – so we don’t have much choice than to risk it all and go for broke.

    • “…so we don’t have much choice than to risk it all and go for broke.”
       
      Never in the history of mankind has the value of Silver or Gold gone to ZERO; however, the same cannot be said of fiat paper currencies, stocks, bonds, etc (ie, any sort of paper financial asset created by people).  To invest in Gold and Silver is not to ‘risk it all’, but to seek personal protection and independence from a system designed to purposely fail from its inception.

    • Sam, I will personally accept all precious metals in return for a tune when their value is perceived to be zero. May I have your word that you will any and all PMs you may own to me when that event occurs? … I didn’t think so ;-P

    • Everyone is overlooking the possibility that because the elite HATE gold/silver so much that they may just drive the price to ZERO. What better way for all nations to continue their theft from the public than for the PMs to become entirely worthless?

      Yeah, they hate it so much they own most of it. Do you guys still not understand the separation of physical and paper Gold? Think of the paper price as your gift – one that won’t be around forever – especially as the price heads below $1000. So again – the paper Gold market must ‘break’ for true physical price discovery. It can’t be partial. The paper price won’t be allowed to go to zero (although paper gold is worthless – ever read the GLD prospectus?) – it will be halted but at that stage of the game – you won’t be able to buy any physical. You should accept Gold’s relationship to other commodities (think Oil). It’s low price is masking inflation (deflation in assets / price inflation). Anyone who thought the huge paper market would separate on the upside is usually just a salesman (Turk, Sprott, Embry etc.). Hopefully, you can come to the conclusion that these guys have been ‘selling you’ and their predictions are totally inaccurate.

      At least some of you (Dirtbag? – can’t make out his triple negatives) are starting to accept the proposition that miners will be Nationalized (‘Another’ stated 18 years ago?) – after most medium and small go bankrupt – so only the large will remain. And gold in the ground will be mandated to belong to the State.

      You should rejoice at the paper decline. It means the end is coming. This faux paper Gold price cannot be supported endlessly. If not for support it would be lower, faster.

      And, yeah – to the author – ‘praise god… and pass the ammunition‘.

    • Gentlemen- There is NO doubt that ALL governments are in collusion. Read what God has to say on this issue from Rev 17:13 They have one common policy, and they are to give their power and authority to the Wild Beast.
      - Weymouth Bible
       
      Now what say ye?

    • I am not holding my breath to see even $30 this year. And that’s A-OK. More time to accumulate. Also by the not-so-early-adopters who have catchup to play, and much more cash to spend in 1 year than we have over the past 10 years. Better take the silver of the market, out off the stockpiles, before the price goes up. The run up will be more definite, harder to suppress.

    • It is 1,000,000 LOL.
       
      Well, if the Dinars and the Dongs can get 3,000x upwards revaluation – why not Gold at 1,000x? 
      There is a Trillion Dollar Silver who posts on Youtube – so why not Million Dollar Gold?
       
      Using fuzzy math – there is over 100x paper gold vs physical. 
      So, 1300 x 100 = 130,000.
      The Jim Willie and other experts are spouting 80% to 90% dollar devaluation.
      80% devaulation = 5 x 130,000 = 650,000.
      90% devaluation = 10 x 130,000 = 1,300,000.
      It is only a difference of ONE Comma ( hahaha).
      And million dollar gold has a nice ring to it.

    • @Genuis8
       
      “And million dollar gold has a nice ring to it.”
       
      It sure does… all else being equal, which is unlikely.  But, if it did, I would go on an immediate shopping trip!  :-)
       

  3. What is he smoking I think he needed to put the pipe down . I do think there will be a huge short cover but to say 500.00 silver is bull shit not tied to paper money.  35.00 silver after the cover then sideways for a while for the players of paper to see what the stock market wants to do. It’s All about stocks nothing to do with physical medals.  If we ever break away from paper then the real prices talked will happen. But 100% gain from here will be fine with me ..
     

    • @Ed_B , not to make assumptions or to come across as politically incorrect, but Marshall Swing just married a Philippine woman.  Probably she is pretty and 25 years younger than him.  No doubt both she and her big family are secretly rubbing their palms together and scheming how to gain control of his wealth.  Before long, her family members may be moving into Marshall’s house.
       
      Just going by my own observations of this sort of thing.
      Ol’ Marshall would’ve done better to have hitched up with a Russian hottie instead…

    • Yes, she probably is young and very pretty.  I wish them the best, although these things sometimes don’t work out for various reasons.  Not saying that this is the case here but in the past it was not unusual for pretty foreign girls to marry US servicemen as a way to get a ticket to the US and US citizenship.  Once they qualified as citizens, they took off and did whatever it was they intended all along.  That’s pretty sad but it has happened a time or two.
       
      But, as to pretty young women… have you seen that Internet ad on some of the alt news web sites about meeting young Thai ladies?  Wow.  Some of them are incredibly beautiful.
       
      Yeah, gold diggers come from all over and both men and women do it sometimes.  Why am I thinking of John Kerry now?  lol
       
      It’s an old axiom but it’s sometimes true… “If you can’t earn a LOT of money, MARRY it!”.  lol
       

    • Derivatives DO seem more fragile than other forms of gold and silver.  Yes, during an upheaval, one would expect the derivatives to crash hard… unless additional slight-of-hand tricks are pulled to prop them up.  That seems quite possible, given that all manner of economic and financial tricks have already been pulled in this game.
       

  4. On a side note, we were in Cripple Creek Colorado, the site of one of the largest gold finds, occurring around 1891.
    One mine, the Cripple Creek and Venture mine, is one of the largest open pit leach mines in the country.
    It produced 200,000 troy ounces of gold last year along with byproduct of 100,000 T OZ of silver
    Cripple Creek resides in Teller county.
     Teller county, by its inhabitants own admission, is one of the most heavily armed counties in the nation—-top 10 as the story goes.  
    So what happens when the nationalizing goon squads come in to take this and other privately owned gold mines.  
    I’m guessing the Gestapo would be able to fight in the shade with the clouds of bullets raining down on their little blue helmets.
    Molon Labe would be the battle cry Teller county people.  
    The goon squads might suffer a few casualties.  

    • That is going to happen all over, Obama’s goons will go after farms, factories… and people are arming up at a record pace.

    • All that probably depends on how determined the goons are.  If they have helicopter gunships and armor, look out.  They resisted the urge to use such things at the Bundy ranch but as the US Gov gets more desperate, stronger measures WILL be used.  Count on it.  The spin machine will definitely be cranked into high gear for that, telling the sheeple that this action is necessary to secure THEIR financial future… it isn’t and won’t… but the idiots will cheer wildly as liberty and the US Constitution are trampled upon by jack-booted thugs.  I wonder if they will wear some cool arm-bands this time?  That seems to be the style.
       

  5. I do believe we will see move into the $100.00/ounce+ and gold in the 6/8,000.00 ounce range.  Big question= WHEN=.. I believe we will see a very severe correction in the stock market– as much as 40% reduction..Big question+WHEN=  I believe we will see inflation and deflation will occur at the same time.  Big question= NOW/ to a limited degree and will get worse.
    The government has several more “tricks” it can pull.  Steal the savings (forget about FDIC) will add a trillion or so.. then steal all the 401k’s and retirement accounts(government and private)..should add 2/3 trillion.. Then devalue the currency (other than printing now in progress)- slap on another 2/3 trillion.. All this “FRESH” found money will go a long way to paying interest costs..  That should carry BO to the end of his term.  BO will wash his hands and walk away from a BANKRUPT AMERICA.  BO has completed his job.
    UNLESS we see interest rates go UP, ALL bets off–  BIG question– WHEN–end of 2016 
    Special Note—JUST MY OPINION..
    Buy all physical PM you can..
     
     
     
     

    • Only God knows WHEN and He does not share such info.  Everyone is guessing as to when but no one really knows… or can know.  All we can do is follow the trends, try to stay abreast of the news, be as prepped as we can, and keep low to make less of a target of ourselves.  When the SHTF, don’t stand up and yell, “HERE I AM!”.  That will only attract some very unwanted and undesirable attention.
       

    • @PatFields
       
      “The ‘Bundy thing’ isn’t over. It’s only the beginning.”
       
      Clearly.  But I am addressing that which HAS happened and not that which might happen.  The potential for much greater violence is definitely there.  It could break out at any time too.  If it does, it will NOT be well received by the patriots.
       

  6. Why do so many seemingly rational Americans believe in the “Man in the Sky”?
    Rule of thumb never trust a person who really believes in religion and never trust a man with a comb-over.   They’re both wishful thinkers and deluded.
    As for Gold gapping down before it disappears and resets FOFOA has been saying this for years.   One day he’s going to be right.

    • GBS … “Why do so many seemingly rational Americans believe in the “Man in the Sky”?”
       
      For the same reasons that folks believe in Special Relativity, the Big Bang, Spontaneous Creation of Life and Origin of Species. They’re all theories which resonate with them.

      What isn’t ‘worthy of trust’ are folks who profess to be ‘Americans’, who go on to fail in respect for the sincerely proffered opinions of their fellows.

      “I would rather be exposed to the inconveniencies attending too much liberty than those attending too small a degree of it.” –Thomas Jefferson

    • The ONE that formed you in your mothers womb also works in you both  to will and do of His good pleasure and therefore has not dragged you to His Son, as yet, seeing faith  is a gift and not our own doing, however you are correct, we are not to put our trust into any mans interpretation of  religion, seeing that any worldly  system of belief is but vanity and prone to corruption, which the doctrines of men preached in the churches   bare witness to ………
       
      Your calling having bean preordained can not be circumnavigated, as all men will be judged in righteousness and come to the knowledge of Christ/truth/self

       

      Now faith is the substance of things hoped for, the evidence of things not seen. Hebrews 11:1 

       
        

  7. It really is a completely silly ‘system’ touted as a ‘pricing mechanism’ for physical metals. What’s ‘priced’ are ‘betting tickets’ of the ‘CRIMEX’ and ‘LBSMA’ gambling parlors. One might as well place faith in ‘pricing’ their savings by roll of dice or spin of a roulette wheel.

    • Gold.   Silver I think will be like a firework.   It will quickly shoot up and when it does many holders will sell, especially those under water.   Then it will crash back down to a reasonable level.  The trick will be to get out of Silver at the right moment and buy Gold.
      Gold is something you hold onto as the strong hands have shown.   Gold is easier and cheaper to store. 
      People like to think that Gold and Silver are some kind of equivalents but they are not    Gold will not have such a spectacular rise but when it does it will stay at it’s high value.

    • @rulerman , what some folks advise is to buy Silver when the Gold-Silver ratio is high, and then when the Gold-Silver ratio is lower you sell your Silver and then buy Gold.
       
      Having said that – always make your own decisions and be skeptical of the opinions of others.

  8. In 1971 Nixon went on TV and closed the gold window. If there is a massive crash I fully expect the sitting President to do something similar. By executive order the President will void derivatives, void U.S. government debt, and anything else they deem nessesary. This is what we must be prepared for. In my opinion.

  9. For everyone calling for a major correction in the stock market let me pose one question to you. Where else are folks going to go for yield? I too believe that for the most part stocks are very overvalued at current levels but there are some pockets of value out there. I believe that blue-chip dividend paying stocks are going to be a relative safe-haven when the correction does finally occur. There will be a major rotation out of the high-flying, momentum stocks trading at asinine valuations into the more conservative dividend payers. Folks are not going to stick their cash in a savings account paying .025% and for the most part they don’t trust bonds. That leaves stocks and for the very small majority of value investors out there precious metals will remain attractive.
     
    I personally do not care if silver drops to around $15-$16 from current levels because all that will do is give me an opportunity to acquire more. Looking at it big picture we have maybe $2-$3 dollars of downside in silver compared to massive upside potential. 
     
     

  10. The graft of silver  and paper silver show that the price is headed for -$200 an ounce!   You and I know that it will never be that cheep, we could only wish right?  Now let me ask you how cheep will silver go?  $5 NO…$10 NO…15  NO…..$17 NO…. $18 probably not!  Today you are watching the beginning of the end!  As I have been predicting (was i right or a little too pessimistic?), by July 1 we will be in a different world for silver and gold!  But if i had to guess today you are watching something happening RIGHT NOW!  If silver stays above $18 today watch out the end is in sight.  If it goes below WOW we are closer!   https://www.youtube.com/watch?v=hYfkurldc8M

  11. Congratulations @MarshallSwing don’t do anything I wouldn’t do. Hell I forgot what you do on a honeymoon. Lol
    By the way your kidding aren’t you?
    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)
    God forbid if that happens, hell the USA will be run by Muslims then if that happens and he has a good start already under everyone’s noses.

  12. The end of this paradigm will come via an outright repudiation of the dollar as reserve currency. We are seeing the groundwork laid but the Western central bank cabal is going to extend and pretend until the final collapse occurs one night. Recall the limited audit of the Fed revealed they created ~ $20 Trillion in credits for their buddies. No one knows how much of that ‘money’ is in the system doing what… and if that is just the tip of the fiat iceberg!!! We cannot affect their game; only do our best to not participate or support it and wait for the fiat credit ponzi money collapse.

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