Morgan Report: Gold Likely to Plunge to $1,000 in December!

David Morgan’s mining analyst for the Morgan Report discusses China’s massive import of 130 tons in October alone and unprecedented global demand for both gold and silver, while the cartel prepares to send paper metals prices to a re-test of the June lows of $1178 and $18.
Are new lows and the best stacking opportunity since 2008 imminent? The Morgan Report believes silver will hold, but gold is heading back to $1,000 in December!

Silver Buffalo Rounds As Low As $0.84 Over Spot, Only at SDBullion!

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2oz Freedom Girl(2)

Comments

  1. David Morgan does a weekly money, metals, and market review for Kitco. I don’t trust him. GS is predicting $1000 gold also. Who trusts GS predictions? Whatever GS predicts, I know I can believe the opposite.

    • Exactly right, mexrph.  GS was one of those banks who sold the bejeebers out of low-quality but highly-rated bundled crap mortgages to their clients while at the very same time shorting them in other markets.  Why anyone still deals with these velociraptors of the banking business, I’ll never know.  Be that as it may, when they say cold, I think hot, and vice versa.
       
      It would be interesting to see their analysis of this declaration.  Pray, tell me, GS.., what will cause gold to go to $1000 an oz.?  A sudden improvement in ore quality?  A big drop in the price of diesel fuel?  PM supply exceeding demand?  The Fed and other CBs coming to their senses and printing a LOT less fiat?  Governments finally “getting it” as regards deficit spending?  Peace breaking out in the Middle East?  Friendly relations unfolding between China and Japan?  Fukushima fixed?  Somehow, none of these things seem terribly likely, so what it is that will push the gold price so low?  Could it be BS and manipulation?  Yep.  That’s really about all that is left to the paper mongers who are doing the old whip-saw naked-short move on paper PMs.  Stackers around the world are loving it, though, as all of these beautiful PMs are put on sale.  I don’t care if the tards in charge empty their vaults so long as they empty them into our hands.  ;-)
       
       

    • @Ed_b >>>A big drop in the price of diesel fuel?
      This opening up of Iranian Oil sales and the fact the US Govt is pushing back the Saudis a little is probably going to force oil down quite substantially for the interim of 6months+
       
      Whether Gold will go to $1000oz or not is anyone’s guess, but I was always expecting major manipulation in December and January … $1000oz seems kind of extreme though, unless the TBTF are trying to break the smaller miners and consolidate their operations under cartel ownership.
      I wouldn’t trust Goldman either, I think Obama is more trustworthy than Goldman… and as you have said, the fact that they have opened their mouths at all is probably a good sign the price is heading up from a $1200 base, and that they are simply trying to use their clout (whatever that may be after many recent ‘calls’ that never eventuated) in order to shake out a few more weak hands. If it goes to $1000oz though it will definitely be in order to break the miners.

    • @WillNotBeASlave
       
      “This opening up of Iranian Oil sales and the fact the US Govt is pushing back the Saudis a little is probably going to force oil down quite substantially for the interim of 6months+”
       
      While that seems entirely possible, there is so much behind the scenes manipulation and so many possible quid pro quos that it is difficult to know what, if any, effect will occur in the oil market.  It is pretty clear that China and India can absorb all of the oil that Iran can produce, and that both of those countries have exemptions from the current embargo of Iranian oil, so whether or not Iran can sell in the world market may not matter greatly.  Oil prices have pulled back a bit, at least here in the US, but Brent seems to have stabilized.
       
      The relationship between the US and the Saudis seems to have cooled recently.  Perhaps not as much as between the US and Israel but it is clear that the US administration is disappointed in the events occurring in the Middle East.  Not that anyone cares, I should imagine… unless they might want a closer and more profitable relationship with the US.
       
      It is difficult for me to see Obama and the big NY banks as being separate entities.  Yes, they both have their own interests but they also seem to be frighteningly chummy.
       
      Tell me more about this “breaking the miners” thing.  I have not looked into this aspect at all so would appreciate any comments you can make as regards what’s really going on there.  I can see where the banking cartel would want to take over the miners, especially if they believe that gold and silver will play some role in any future monetary policy, but would it not suffice to merely buy up a lot of their very distressed shares?  Also, if the miners were to be in financial trouble, which any number of them could well be at the current gold and silver prices, then why not make deals with the Chinese to swap gold and silver for financial backing on a long-term contract basis?  With Chinese financial backing, what need would the miners have of the Western bankers?
       

    • @Ed_B >>Tell me more about this “breaking the miners” thing.
      OK, but it’s complicated and it goes deep down the rabbit hole of international RealEconomic/Politik. My GF is Australian and I spend a large amount of time down under also with work, so I have spent a lot of time familiarizing myself with British Commonwealth business relationships with the London and NYC cartels – which is what they are – who work together in trade deals, and within the IMF etc (point case Bilderberg, stacked full of Anglo-Americans and a smaller amount of Europeans; virtually no Asians, maybe some token Japs occasionally, Trilateral Comission members of course).
       
      What the Fed is doing in regards to monetary inflation and handing this liquidity directly to the TBTF cartel behind the interest rate firewall is allowing these banks and their chosen/associated investment vehicles like hedge funds to buy up now flailing businesses in Australia and South Africa and Canada with freshly printed currency (it’s a wealth transfer directly into the hands of the financial class, we all know this). Basically US Multinationals are trying to use all of this fresh liquidity to consolidate industry overseas, which helps flood the overseas ‘Euro-dollar’ market with more dollars … this is one of the main reasons why the inflation has not hit home yet, because the TBTF is NOT spending any of it by lending to US investors (industry) outside of for instance real estate (MBS… if you can call that an industry as the Fed is the only real buyer anyways).
       
      For instance in Australia currently there is a big hoo-haa over the sale of GrainCorp, the largest grain export company in Australia which is basically a monopoly on the export of all Aussie grain via the ports (most of it destined for China and Japan). GrainCorp expanded into North America and Germany but then as soon as the credit crunch hit and the bail out money started to flow Archer Daniels Midland has been trying to buy it out. It was BIG news in Australia because the sale would have given a US company virtually complete control on Aussie Grain exports. The only reason however that ADM had the cash to bid in the first place was because it is shacked up with TBTF US credit markets that are now given a green light by the Fed to just go ahead and purchase all they can overseas whilst the world economy is in flux TRYING to get off the USD standard, but still being stuck in the transition period dealing with the existing exchange-rate/OPEC Petro-Dollar dynamic that the US is defending. The newly elected Australian Conservative party (Called the Liberal Party in Aus) just blocked the sale … and they did the right thing IMO.
       
      So what does this have to do with miners? The answer is that the Aussie Gold & Silver miners are in the same position as the South African ones in that they are forced to sell their product at the London Fix whilst their resident currencies are under attack from USD’s flooding the overseas ‘Euro-dollar’ market. In order to keep their currencies steady with the USD, Australia and South Africa also have to expand their credit markets/money printing to equal the Fed (And they have been) but because they don’t have the World Reserve Currency (ie, large qtys also sequestered in overseas Bond Holdings) their inflation rates have soared much higher than the US has experienced yet, which means their Wages and Fuel Prices have been elevated, or if not the workers themselves have come under living pressure constraints. This means that Aussie Nationals etc who own shares in national companies such as miners and GrainCorp have started liquidating their shares to make ends meet because of the crunch, and the US hedge funds and large Anglo-American consortium’s are lying in wait to buy them straight up with freshly ‘printed’ Fedopoly credit.
       
      Basically there is a spate of overseas acquisitions going on overseas with freshly printed credit fueled by the Fed, and these countries have been placed in a corner by what I call the Bilderbergists (not necessarily members of the Bilderberg Group) … the Goldman Sachs of the world are vampires on a killing spree, and my opinion is that they desperately need to get hold of control over Aussie, South African, New Zealand, Papuan, and Canadian Gold and Silver Miners in order to ensure that these countries’ mining sectors are supplying the Chinese and other buyers at a rate they themselves need control over in order to keep the London ponzi afloat (London is the center of the world Gold dynamic), the idea being that when the price of Gold and Silver eventually soars that THEY will be the ones to profit in order to offset other costs within their networks which will be incurred at that point in time, and THEY will own the right to direct the supply of this newly most valuable resource … this is PURE POWER if the world turns back towards PM’s strongly as monetary reserves.
       
      Anyways, the Aussie Govt for instance shunted the ADM bid on GrainCorp stating that it was ‘bad for the nation’ (no shit) … but the truth is that the Fed and its TBTF accessories and the London-NYC cabal are running into trouble with what used to be politically friendly allies. The USD Standard is not just dying because of China and Russia and Iran etc, even the Aussies for instance have had enough of this fiat shit. Obama is pushing for the Trans-Pacific-Partnership, which is just a last ditch attempt to interfere with Aussie, NZ, Canadian etc commerce and to support these takeovers by going over the heads of National Govts/Judiciaries and placing Commerce in a Holier-Than-Thou position where the Cartels can do as they please and over-rule Sovereign entities like national Judiciaries even. The GrainCorp sale failure is a major indication that TPP talks up until now have just been to placate the US and to buy time whilst these countries grow some balls and get ready to deny the US/UK elites from having their way with them …. but then of course Australia, New Zealand, Papua New Guinea rely on the US Military Umbrella don’t they? … cue the raised tensions with China and Japan, and with Australia Vs Indonesia on the spying scandal … right in time to give the TPP a little more traction and force Australia and New Zealand closer into the arms of their would be rapists the New York TBTF vampire squid.
       
      The problem I have with most fellow Americans is that they have NO IDEA how economics works outside of the borders of the US (I’m not referring to you Ed). They are simply ignorant as to what exactly it means to have the World Reserve Currency when it comes to international relations, and thus they think the term Petro-Dollar is insignificant or some kind of ‘conspiracy theory’. Chicago School economists and neo-Keynsians are basically illiterate when it comes to explaining US Inflation/Deflation because they don’t speak of Economics in the US as a bi-product of World Economics as a whole. Because the USD is historically the biggest ponzi scheme in world history, and because it is the world reserve currency, when I hear Keynsians apply monetary theories about QE etc and try to relate it to US ‘inflation/deflation’ without once mentioning the overseas dynamic I feel like bursting out in laughter or crying because they are either openly manipulating public opinion intentionally or are simply so stupid and retarded that their very existence as ‘Experts’ is an embarrassment to Western Culture … they embarrass me … I blush a little LOL. Paul Krugman for instance falls in the latter category, I am sure. For a while I thought he was in on the scam, but the more I listen to his eccentric ramblings and nonsense the more I have come to the conclusion that he is simply a nut case and a useful idiot … useful to the Fed and the NYC-London cartels at least, even Greenspan seems to me now like a failure of a man who was simply a foul coffee stain on a printed spreadsheet that contained a critical fat-finger formula error … oops … but still very useful for the cartels which is all that matters at the end of the day.
       
      May the TPP go down in flames and never be reborn from its own ashes :P I hate the term ‘Free-Trade’ in its modern sense. It is not free at all and is a blasphemy of the use of the word Free. The only Free Trade Deal that ever existed was the one where there was NO conditions, NO regulations, NO damn contract, and where a person just has some shit they want to sell, and some other dude sets a price in whatever they both value, they both agree on it, and the sale is made … that’s the sort of deal that modern ‘Free-Trade’ deals are designed to prohibit (even though politicians and the media sells it to us like they are trying to oil the cogs of freedom), so they are a blasphemy of the term. Modern Free-Trade deals are the instruments of Global Fascism, pure and simple, and the Fed and the USD is simply the blood that circulates in the veins of this Fascist Beast.

    • @Willnotbeaslave
       
      “OK, but it’s complicated…”
       
      You, my friend, have a wonderful talent for understatement!  I am grateful for your long but full answer to my question.  I thought that there would be a lot to it and have saved a copy of your answer for re-reading.  It will take a few reads to sort this all out and fully grasp the whole of it… much appreciated.
       
      “What the Fed is doing in regards to monetary inflation and handing this liquidity directly to the TBTF cartel behind the interest rate firewall is allowing these banks and their chosen/associated investment vehicles like hedge funds to buy up now flailing businesses in Australia and South Africa and Canada with freshly printed currency (it’s a wealth transfer directly into the hands of the financial class, we all know this).”
       
      This is a recurring theme of the financial class and it is happening both in and outside the US.  This is exactly what they did in the Great Depression.  First, they implemented the loose credit “roaring 20s” and then followed that with a deflationary depression.  Between these two actions, they managed to buy up homes, businesses, farms, ranches, and many other things at fire-sale prices, often at pennies on the dollar.  As Thomas Jefferson predicted 200+ years ago:
       
      “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”  Thomas Jefferson
       
      Well, we HAVE allowed the banks to control our money via the creation of the Fed and we ARE getting all that we deserve for having allowed this.  :-(
       
      “The newly elected Australian Conservative party (Called the Liberal Party in Aus) just blocked the sale … and they did the right thing IMO.”
       
      I agree.  All nations should defend their economies from foreign intervention.  I feel the same way about the Chinese trying to buy the Smithfield meat packing company here in the US.  Smithfield ham is absolutely delicious and they are one of the very few producers who are making and selling a low-salt ham.  Those of us who are on a low salt diet appreciate this greatly.  If I cannot get a low-salt ham, I probably should not be eating ham at all.
       
      The problem is that these internationalists / globalists / elites or whatever we want to call them, are trying to create a single world entity wherein they can own and run everything at all times.  Given that human beings are flawed and prone to make mistakes, this does not seem an especially good idea to me.  I can see having agreed-upon world standards for various things, such as the use of English for all International airline flights and airports where communication is critical for passenger safety,  but I don’t see any value in creating one world, whether that be for business, government, or any other supposedly worthwhile endeavor.  I suppose that this could happen, in time, if human interests begin to outweigh national interests, but probably not for some time yet.
       
      As to inflation, I agree that the US is causing substantial inflation overseas but they are also creating it here as well.  They are just better at obfuscating the fact that it is here.  John Williams of http://www.shadowstats.com calculates US inflation at about 9% these days.  The BLS, backed by the Fed, claims that it is about 1.5%.  Relatively speaking, this is about a 600% difference.  WOW!  Now THAT is a difference.  Williams uses the US Gov method for this calculation circa 1990, which was before inflation started to take off and make the Gov and the Fed look like the fools that they are.  Instead of fixing inflation, they merely changed their calculation method such that the resulting inflation value is less.  They have done this multiple times and it always results in a lower reported value for inflation.  Obviously, there is a reason for excluding food and fuel from the CPI… they are among the things that inflate the most.  Other things that are falling in price tend to get included so as to skew the inflation numbers lower.  When all else fails, the numbers they want can be obtained most easily by simply not counting the things that are inflating.  This is exactly what they do when the unemployment numbers are embarrassingly high.  They are very good at not counting things and then for claiming credit for their reduction.
       
      “Basically there is a spate of overseas acquisitions going on overseas with freshly printed credit fueled by the Fed, and these countries have been placed in a corner by what I call the Bilderbergists (not necessarily members of the Bilderberg Group)”
       
      Understood… people of that same ilk, if not officially in that same group.
       
      “… but the truth is that the Fed and its TBTF accessories and the London-NYC cabal are running into trouble with what used to be politically friendly allies.”
       
      Agreed.  One can only abuse their friends for so long before they stop dropping by to visit.  IMO, the US has done a rotten job of treating our friends from Down Under.  So much so, in fact, that we seem to be pushing them into the waiting arms of the Chinese, for God’s sake.  This is 180 degrees out of phase with what SHOULD be happening.
       
      “…. but then of course Australia, New Zealand, Papua New Guinea rely on the US Military Umbrella don’t they?”
       
      Yes, they do but it is likely that they are now reconsidering the very high cost of this umbrella.  They are probably wondering whether or not it is even going to rain at all.
       
      “Obama is pushing for the Trans-Pacific-Partnership, which is just a last ditch attempt to interfere with Aussie, NZ, Canadian etc commerce and to support these takeovers by going over the heads of National Govts/Judiciaries and placing Commerce in a Holier-Than-Thou position where the Cartels can do as they please and over-rule Sovereign entities like national Judiciaries even.”
       
      The Obamunists are pulling that same s**t right here as well, with the so-called “fast tracking” of trade deals that will allow El Douche Bag to create new trade deals, essentially trade treaties, without all that messy democracy needed in the US congress.
       
      I have a very strong hunch that all this TPP BS is going to back-fire and push Aus / NZ right into the awaiting arms of the Chinese because it will be much to their advantage not to be pilfered by the Anglo-Americans.  I don’t know if the Chinese will then see this as their chance to do some pilfering.  They might or they might not.  But they do think in very long terms, so could be very patient with their pilfering desires, if any.
       
      “The problem I have with most fellow Americans is that they have NO IDEA how economics works outside of the borders of the US (I’m not referring to you Ed).”
       
      I appreciate that but allow me to suggest that most of our fellow Americans know squat about US economics as well.  Very few Americans have ANY idea of how the Fed was created, why gold and silver are important buttresses of liberty, or why continuous Fed and Gov meddling in the economy is one of the worst ideas ever.  I have tried to have intelligent conversations with several people I know on these very subjects.  Some were receptive.  Most thought it boring.  Other than this, most of these people are intelligent and successful individuals who are simply failing to appreciate the new paradigm that is fast approaching and these ideas are simply not part of the world as they see it.  When it arrives, they will be completely dumbfounded.  Comments to the effect that they “never saw this coming” will abound, while most of us on this web site consider it all to be pretty obvious.
       
      Ugggh, don’t even get me started on that evil-twit-dwarf of a so-called economist or on his retarded Keynesian fellows.  In a just world, they would all be rounded up and trained to flip burgers for a living.
       
      “May the TPP go down in flames and never be reborn from its own ashes ”
       
      Agreed… and the sooner, the better!
       
      “I hate the term ‘Free-Trade’ in its modern sense. It is not free at all and is a blasphemy of the use of the word Free.”
       
      Agreed.  As someone else pointed out in another thread, the naming conventions in our Orwellian world use the exact opposite of the name given to it as its primary activity… such as the Affordable Care Act,  which is not affordable and does not care. Or, the Federal Reserve System, which is not a federal government entity and has NO reserves at all. I sense the very same concept in the TPP as well.  This is like calling a plantation owner and his slaves in the mid-1800s, “partners”.
       
      Good comments…  :-)
       
       

    • @Ed_B >>>This is a recurring theme of the financial class and it is happening both in and outside the US.  This is exactly what they did in the Great Depression.  First, they implemented the loose credit “roaring 20s” and then followed that with a deflationary depression.

      EXACTLY! Just like the Lend-Lease and War loans when we ganged up with London Finance Capital (JPM always was a London-NYC concern, as well as many of the others) after WWI and WWII and forced the USD to be the WRC, and now the exact same scenario is being attempted on the world at large … Pump-And-Dump … pure and simple. Purely a massive Cartelized cornering of finance capital using inertial perception of ‘value’ and then its targeted use as a weapon to overwhelm all competition. Pure Fascism, and the only way this is of course possible is through major collusion … and people call the Bilderberg Group a ‘conspiracy theory’, or just an insignificant round table discussion; it would be like the Italian police raiding an upstairs room in an abandoned warehouse, finding 20 guys with an armed body guard each all wearing black glasses even though there are no windows and only candle light, all smoking cigars, and the police are like “Nothing to see here, you gentlemen have a nice day now!”.

       

      >>>The BLS, backed by the Fed, claims that it is about 1.5%.

      I guess they have to say that in order to justify the QE that we all know will NEVER stop. Just like jobs numbers reported over the mark with large media fanfare and then revised down later and only mentioned in footnotes here and there in the media just so they can claim it was reported. The Media is the biggest problem in this country, not the Govt or the Banks. If the Media was doing its job these crooks would have been hung a long time ago.

       

      >>>Yes, they do but it is likely that they are now reconsidering the very high cost of this umbrella.  They are probably wondering whether or not it is even going to rain at all.

      I am quite sure on the contrary that it is 100% in the western globalists intentions to start a hot war with China and force these ‘allies’ to stay in our financial grip. Harrimans (and Bush) and Rockefellers and Morgans had their sticky paws all over the funding of the NAZI machine which disabled Europe and allowed the USD to overpower every other competitor and become the world standard … this was all cooked up in London and New York (Pilgrims Society members) so that the West could claim to be saviors and Princes of Peace and so that they could turn the Atlantic Charter in to a United Nations reality where the US and London would have majority power at the table. People find it hard to believe that WWII being concocted by the West could be the case, but I know it for a fact, and the truth is almost always stranger and more sinister than fiction.

       

      >>>I appreciate that but allow me to suggest that most of our fellow Americans know squat about US economics as well.

      I can’t argue with that, heck, you’re 100% correct. I try not to criticize them too much but I have to admit, the average dumbed down fool has no idea what the term ‘fractional reserve’ means. They think the bank is a vault with heaps of money in it … in safe keeping … because Wiley Coyote taught them that when they were being trained in front of the idiot box as a kid. In fact the cartoons probably got closer to a financial education than most kids got educated at school.

       

      >>>Ugggh, don’t even get me started on that evil-twit-dwarf of a so-called economist or on his retarded Keynesian fellows.  In a just world, they would all be rounded up and trained to flip burgers for a living.

      There is no way in the world that Krugman could be trained to flip burgers, he’s only qualified to do exactly what he is doing, talking rubbish LOL… If he had to deal with burgers (real product) he might get exposed to solid arithmetic and his entire higher education would crumble down around him and he would have a mid life crisis. I kind of feel sorry for him is a way, but I would still advise that he be placed in a padded cell away from pencils and calculators lest he hurt someone, or a whole lot of people.

    • @Willnotbeaslave
       
      “…it would be like the Italian police raiding an upstairs room in an abandoned warehouse, finding 20 guys with an armed body guard each all wearing black glasses even though there are no windows and only candle light, all smoking cigars, and the police are like “Nothing to see here, you gentlemen have a nice day now!”.”
       
      Which reminds me of the German police who raided a suspected terrorist’s apartment several years ago.  Inside, they found pics of bin Laden on the walls, diagrams of public buildings in that city, complete with arrows and circles pointing to or surrounding important points, lots of bits of cut wiring, radical Islamist pamphlets, and printouts of ‘bomb making for dummies’ articles from the Internet.  After surveying all this, they could not determine whether or not the absent fellow was a terrorist.  :-/
       
      “The Media is the biggest problem in this country, not the Govt or the Banks. If the Media was doing its job these crooks would have been hung a long time ago.”
       
      Most of the so-called main stream / self-anointed media is OWNED by the very people who are the same b@st@rds we’re opposed to and trying to stop.  They are not going to bite the hand that feeds them, especially when they are so well fed… for now.  Their roll is to make sure that the wool is firmly and fully pulled over the eyes of the sheeple at all times and to do whatever is necessary to ensure that continues.  They have done that and in the process of doing it have sold every scrap of credibility that they ever had.  Now, they are moaning and wondering why the general public does not trust them.  If they were half as smart as they pretend to be, they could figure this out… IF they wanted to, that is.
       
      “I am quite sure on the contrary that it is 100% in the western globalists intentions to start a hot war with China and force these ‘allies’ to stay in our financial grip.”
       
      That seems quite likely but also very tricky.  It simply would not do for a Chinese nuke to drop on any city inhabited by a bunch of elites.  Perhaps they will all be at their condos in Buenos Aires or in Geneva when the balloon goes up.  Oh, and to hedge those WW-I and II bets, these same people also funded V.I. Lenin’s young government back in the 1920s and 1930s.
       
      “I try not to criticize them too much but I have to admit, the average dumbed down fool has no idea what the term ‘fractional reserve’ means.”
       
      My guess is that not one American in 10,000 has even heard or read the term ‘fractional reserve’, so of course they do not know what it means.  If more people were awake and aware, we probably would not be in the fix we are now in.  Apathy is something that is absolutely fatal to any society… and America has a s***load of it these days.  We’ve simply become too comfortable for too long to even question how comfort is created in the 1st place.  It begins with hard work, is nurtured by spending less than we make, and is realized by saving and investing the difference over 3-4 decades, such that real wealth is created.  Unfortunately, many of us have contributed to this via our kids.  They see us spending our money fairly often and know that things come to them this way.  But what they do not see is their parents sweating away their lives at work, EARNING that money.  Because of this, earning and having have become dissociated and are no longer recognized as an “IF THEN” equation… and never mind “ELSE” because it is even further removed.
       
      “There is no way in the world that Krugman could be trained to flip burgers, he’s only qualified to do exactly what he is doing, talking rubbish LOL…”
       
      You may be onto something with this.  I was allowing hope to triumph over experience with that comment.  One thing for sure, though… useful supposedly educated idiots like Krugman will not survive the coming SHTF.  He has zero survival skills on his own, is unlikely to have any preps stored, and will be discarded like a used tissue once he has served his master’s pleasure.
       
      “I kind of feel sorry for him is a way…”
       
      Yes, I can almost reach that point as well, if not for the harm that he and others of his ilk have caused a great many people.  I can just about see him running down 5th Ave. in NY, buck naked, with thousands of people lined up in a gauntlet with fly-swatters at the ready.  WHAP! OW!    WHAP! OW!  WHAP! OW!  WHAP! OW! etc., etc.  Cleansing the soul is not an easy process, nor should it be.  ;-)
       

    • >>>They are not going to bite the hand that feeds them, especially when they are so well fed… for now.
      Yes, when the “for now” bit becomes a reality they will realize there is truly no honor amongst thieves. Call it Karma if you will, but serving the dark Lord is a one way ticket to damnation.

  2. Gold was at $1100 when the Chinese gov’t made a big public purchase on the world stage and began purposefully encouraging her citizens to buy gold.  I can’t imagine the Chinese gov’t would allow gold to fall below that level and face the wrath of millions of upset gold owners.

    • @Ugly
      “facing the wrath….”.  Just to remind you that the Chinese are the sole distributors of “WRATH”.  They, like Obozo, don’t give two shits what the people think.  Its all about control…with an iron hand…and the Chinese are masters at it.
       

  3. I wish they would realize that Money is Gold and Silver not Fiat Dollars. Keep Stacking

    • My wish Charlie is that my fav LCS that has sold me Gold Buffalos for spot + 75, would.
      Not a chance though…. “sold out”   he tells me….
      Could be… but just as likely is that once again it’s all out of the show case and locked up in back. 
      Not under ANY illusion I’ll be picking up Buffalos for 1k—ever.
      Was Jacked that I got one for $1320 not too long ago…
       
      This paper price biz is somewhere between boring and meaningless.
      What diff would it make really if Gold spot was $999 and a guy can’t get any locally or the Doc or Apmex still wants $1345 + shipping?
       
      One day….and more likely over a weekend, there’s going to be a re-set.
      Re-Set Monday is coming…and on that day, when it comes to Phyzz Gold–what ya got is what you got!
      And when it comes to Phyzz Silver— it’ll be like that old frat boy party where, ‘everyone was feeling Mary…but then it came time for Mary to go home. So all the guys jumped for Joy… but none had noticed that Joy was already gone….’

    • @4 oz doesn’t matter to me what the price is, when I have the extra Fiat I buy and I don’t leave it in the bank. We know what’s coming down the tube. Keep Stacking

  4. I gotta tell you guys, I hope to God Allmighty that the fiat currency mongrels monkey hammer the hell outta PMs as fast as possible.I couldn’t care less if it’s the Asians or the Caucasians… bring on the Fire Sale cause I’m buying !!! Bring it to a thousand for Au and 12 for Ag…fundamentals haven’t changed since last I checked, nobody does me favors so I’ll have to send those bastards a thank you card for their trouble !!! If they drop it low enough I’ll take a loan and have a field day…in short… f*** them !!! Carry on !

  5. I hope it stays low until the medical lawsuit is over. Large chunk will go to PM’s

  6.   No worries,  everyone. 
    That quote was a big mistake. 
    Morgan’s keyboard was stuck. 
    His 2 key typed 1.
    $2,000 an ounce In December

  7. There they go with that ‘gold $1050′ drum-beat.  Always from a banker or one of their flacks.  Morgan?  At kitco, eh?
    Everyone’s selling out. 
    “It’s a slam-dunk sell”, GS has tipped us off, bless their hearts. 
    We need to remember that the comex has lost a lot of small traders (their butts got too sore) over the last couple years, and HFT runs Bartertown now.  They could run the paper down low, but it would seem to be a stupid thing to do. 
    Americans have coughed up a lot of scrap at higher prices, how will lower prices encourage this?  (they won’t)
    The coin man I deal with is getting a little touchy, he’s pissed whether you buy or even sell.  He’s confused.
    Apparently they want to hoover up the final coins and odd bits on the cheap before heading for the airport.
    The lower the price goes, the more blatant the manipulation, the more eyes will be opened.  Demand rises.
    These guys go to college to get stupid.
     

  8. Something wonderful is going to happen soon. Strange revelations come to me and I cannot relate or articulate them, but truly these un interrupted positive feelings are boundless with a gravity force headed forward force to Gold and Silver that a warm happy feeling engages my thoughts and body. It is so hard to articulate, but the simplest explanation, it is a feeling like a hand of a very close friend has has rested his hand on my shoulder and smiling, telling me all is going to be fine beyond expectations. Why I have been chosen to speak these  words to others is beyond my understanding. The feelings tell me not to worry anymore, that it is coming and prepare to be happy and prepared to celebrate

    • Ranger … put down the pill bottle buddy … I know Xanex can give you an epiphany or two but if you take many more you may need an ambulance LOL

    • Wow Ranger, what a great outlook! Spill…….what’s your secret? Did you just buy a monster box on the cheap?

    • There must have been a Lodge meeting last night.
      As a 32 degree Mason, he must get much info from fellow masons.

    • ‘It’s the Big One Lizbeth.’  Red Foxx hopped the twig many years ago.   There will be an Obozo intervention team scheduled to arrive your 20 on March 12, 2014.  Hang in there Ranger.

    • Drugs when used wisely are a wonderful thing. Although be careful, sounds as if that “hand on your shoulder” could be someone that you don’t want around. Are you sure that the stuff you have taken isn’t Rohypnol?
       
      Chosen by who? God is dead! Thus spake Zarathustra!

  9. I was lucky enough to have an insightful and fascinating talk with <put your guru bullion dealer here>
     
    Blah blah blah <put your prediction here>, blah blah, <exclaimation, bold type!>, blah blah, be good to your selves…and each other…blah blah….
     
    keep stacking.
     
    I think I caught the Gist of it?

  10. gold and silver= wealth stored, no second party risk
    paper= transaction, speculation, you may not get it back, but then it’s paper……………
    64 oz silver to 1 oz gold?
    its a buy in my book
     

  11. ——————————–PATRIOTISM————————–———–
    O thus be it ever, when freemen shall stand
    in a queue at Wall Mart with food stamps in hand
    Blest with vict’ry and peace, may the Heav’n rescued land
    While our sons die in the East, for oil drenched sand.
    Then conquer we must, when our cause it is just,
    And this be our motto: “IN TREASURY BONDS WE TRUST.”
    And the star-spangled banner in triumph shall wave
    In tatters over the graves, of the once free and brave!
    ————————————————————————————————–
    Merry Christmas America…and may God Bless a Big Screen TV (MADE IN CHINA) as a Christmas Gift on the 25th December in order to celebrate the birthday of some guy we forgot all about (and I don’t mean Mithras … LOL)
     
    REMEMBER: IF IT GOES TO $1000/oz it is a SLAM DUNK BUY!
    … it might even be worth maxing out your credit card at that price and off loading mid year to pay it back … Sign up for a new plastic with 6 months free interest if you can … LOL. If China can benefit from the Paper Ponzi then so can we!!!
    Happy Fire Sale!!!

  12. Excellent videos : 14 reasons to buy silver




  13. Wow I wonder if the past 2 years of declines helped him foresee that?? I would be more interested in his plunge prediction for Spring 2014. That will be the time to stack.

    On a side note, I noticed more dealers offering silver at spot for “valued customers”, “Black Friday deals” and “Holiday specials”. Do you ever wonder how far under spot dealers pay? It seems they are trying to clear out product.

  14. David Morgan at Kitco to lend them SOME credibility? :-)
    I long suspected DM to be part of the problem. Manic hyping. Crazy high mail list price.
    Lately he’s been on the manipulation bandwagon. But only since recently.

    It’s hard to escape DM. he’s on so many shows as an expert. Following his views would minimize a stacker’s holding through the past years is my impression.

  15. $1000 gold in December will not surprise me, it in fact seems likely.
     
    I think one of the agendas in forcing down PMs is to crush the PM Mining stocks (as if they weren’t already crushed), so that the Cartel can buy everything they can, using money created out of thin air….they have to force people to sell in order to buy.
     
    Hold on tight to what you’ve got, things are going down for an extended period, before they go back up.
     
     

    • I totally agree and it is nice to see someone else with a realistic metality here. I follow John Mauldin and he anticipated deflation years ago and prepped many for what we are seeing now. He believes we will be in a deflationary economic environment for years to come before seeing the inflation. Only time will tell.

      For the next few years cash will be the best thing to hold. When the time is right you will be able to buy much more than you can today. Or in silver stacker terms, if you waited the past 3 years to buy today, you would have stacked twice as much.

    •     

  16. Well I just seen the bottom of the gold price with my own eyes! it was $1,215…which coincides with the lowest price that the stuff can be mined for today.
     
    Well there goes the fear, we have seen the bottom, hopefully bought some whist down there, and now we are all grooving away to the sounds of the Small Faces.

  17. Looks like silver touched (or came extremely close to) its June low early this morning. Looks like 18.85/oz or so. Now the metals are moving higher despite a “very positive” ADP and trade numbers…
    Something peculiar going on here. Rotation out of U.S. stocks into metals?

  18. Boy are you in for a Big Surprise.

  19. @SILVERTONGUEDEVIL SAID… “If they drop it low enough I’ll take a loan
    @WillNotBeASlave said… “it might even be worth maxing out your credit card at that price and off loading mid year to pay it back
    ————————————————————————————————————————————————–
    Despite our optimism, suppose prices do not come back up, and you lose your job?  How will you be able to pay back your loan or credit card without selling your PM’s for a loss?  Borrowing in order to invest (i.e. purchase PM’s) seems like a gamble.
     
    Better to purchase with cash on-hand, but if you don’t have that then be aware of the risks.

    • @Mammoth Thanks for the heads up on the possibitlity of the downward pressure in relation to my loan to purchase Silver. I am aware of the possibility of continued manipulation to the downward side but the probable upward surge more than justifies 5 more boxes of Eagles or Maples.

    • @Mamoth
      If it goes to $1000 that is well below resistance, there is no way it will not go up from there. There is no indication what so ever that any large foreign buyers are going to tone down their buying up of all available output, ASEAN countries have just started pulling large amounts out, Indonesia is leading the pack. Without the caps on Indian and Paki imports the price would have resistance at $1400 easy, they were starting to pull VERY large numbers out, and who knows how long they can keep a lid on it. The problem with India is that as soon as the Govt bans something, there are about 1/4th of the Indian Govt Officials who have cousins (etc…) who start smuggling with the full internal protection of their relatives … corruption is a culture over there, and prohibiting something just makes it way more lucrative for individuals who have far more capacity to gain.
       
      And because of the burden miners that are saddled to the London price are having to shoulder, the output is not growing quick enough IMO to fulfill the future demand that the downward pressure is only fueling. Miners cannot reinvest in expansion quick enough because they are having to sell their product at a rubbish bull sh*t price set in London by a bunch of ponzi scheming criminals.
       
      To sum up, I am trying to say that at $1000 even a near bankrupt should take a chance at getting hold of some credit and securing an amount. It is a no brainer IMO. And if you can get hold of enough you might even take a chance at trying to smuggle 30ozs or so into India some how … LOL, however they would pay you in Rupees, so it’s not all good :P Silver Doctors needs to start selling Solid Gold 15oz belt buckles and Solid Gold bracelets … this is the kind of stuff that Indians will buy at a premium.

  20. Hello everybody
     
    Don’t you think the week end before Christmas, after FOMC of 18th, EU summit of 19 and 20th, would be just the perfect moment to make the big one, closing banks and turn over ?
    And this moment would be the one where gold goes up to 2000..
     

  21. And there goes the Algo, made its quota for the day, now gone into tick tock mode. Until tomorrow.

  22. Really ashamed to be associated with some of the people on this posting board. People always seem to show their true colors in time. So why not come back again and tel me again how Masonry is evil and that I am not a 32cnd Degree Mason. People who criticize others and make light of their religions or beliefs and memberships in organizations with secrets of no harm are small in character and have something to hide. Sorry for you. I simply stated that something wonderful is going to happen and it has started. Stick your comments in where the sun don’t shine boys!
    Like CD commented nobody knows everything. I will add to that statement, If you can name the 10 smartest people in the world, who would the other nine be other than yourself?

    • @Ranger      Something wonderful is going to happen
       I’ve known that for a few years now and I’m also a Mason and believe in God. I also believe in being guided by the spirit in my thinking (before you say it, I don’t drink) I also try and not let people get to me. I live my life and try and follow the truth and I have a strong faith. Keep Stacking

    • I was just jesting … I never said you were evil. Your comment just sounded in extreme contrast to the usual. If you truly have had an epiphany then all’s good and well, I hope you intuition does not let you down, because the downside of trusting ones intuition and being let down is that it can have a severe effect on your morale, more so than if something bad had simply come out of the blue (I speak from experience).

    • @Ranger
       
      Well, I’m an absurdist. I think matters of god and religion have some bearing on whats right and wrong, but apart from that I couldn’t care less what you believe in, every man has the right to choose his own path, to choose where to make a stand, and how to die.
       
      My own personal belief is that it matters not a jot what I think, the concepts of man, god and religion are just too big for man to comprehend, and I think we should just give up pretending that we are smart enough to know, or to ever know what its all about. This is what the core of absurdism is all about, the fact that the act of living is absurd, and the fact that its a rare and precious thing makes it even more absurd. I used to quite like Nihilism,  but that is just as arrogant as every other religion I have come across, so I choose the absurd.

  23. Over the years I’ve listened to David Morgan, he’s never impressed me much.  After listening to most long interviews with him, I am always left with the phrase in my head, “Talks Most, Says Least.”

  24. willnotbeaslave  I enjoyed your essay about the effects of our reserve petro dollar system, the use of TBTF banks with $2-3 trillion in liquidity supplied by the Fed and the rapaciousness of these multinational banks and liquidity rich corporations holding, at last tally $2 trillion cash as well.  The chinese have been on a buying spree. We hear about that frequently. But like Middle east politics, this is a complicated world when it comes to these immense multi-nationals buying frenzy.
    I read a couple of recent essays about the top 10 corporations and the 147 corporations that own interests in thousands of more corporation, all entwined in a web.  It appears they are on a quest to use ZIRP cost FIAT to buy anything that moves.  This consolidation of power that ultimately controls vast fields of vital commodities, precious metals being a core factor in this system of control, means we could be just that much farther from a time when we can call ourselves self sufficient, on a personal and local basis.  But having a decent supply of precious metals does seem wise if there is to be a great reset. At least we followed that crowd and could end up benefiting ourselves, protecting us from further predations.

    • @AGXIIK
      No problem, I enjoyed writing it … this is how i ‘vent’.
      $2-3 trillion is just the ‘on the books’ figure. The Shadow Banking system (ie, British Commonwealth overseas territories) have many more trillions that have come from dark sources … much of which is fraudulently created in unregulated overseas credit markets that use ‘Euro-dollars’ … and the Fed has no control over it … Goldman Sachs swims around in that polluted pond, they are one of the biggest predators in the shadow world, which is why when they open their mouths I tend to believe the exact opposite automatically as they are insider traders par excellence)
       
      The study you are referring to is the Swiss study reported on in New Scientist?
      LINK FOR EVERYONE HERE Well worth the read!
      …it is a really important study, and I recommend it to anyone who wants proof that the Bilderberg Group is in fact a cartel that has been trying to acquire the world, and is much more successful in their goal now that the Fed in supplying them all with funny money, and the US Military Umbrella is being used as collateral to force the hand of periphery Sovereign entities to cave into acquisitions that favor this Vampire Squid Entity that also controls the US Exec/Legislatures/Judiciary and also many other foreign governments that are ‘on the take’.
       
      What pisses the ‘Entity’ off more than anything is the fact that China DID NOT open its doors up to a free trade Trojan Horse, and that every step of the way rather than opening itself up like Russia did in the 90′s it has done the exact opposite and has acted as a competitor to US Hegemony. The ‘Entity’ failed to break the Chinese and now they are screwed …
      But … have many of the players within the ‘Entity’ sold out to China now that the writing is on the wall? That is the important question and I have no way of answering it. but if I had to guess about the nature of these Shadow Dwellers I would say they sold out at the earliest convenience… Maybe the Pentagon brass started to get involved? …cue Obamas purge? … who knows what goes on behind the doors of the big rooms, and what has really been happening, but the real picture probably comes closer to being FUBAR!

  25. willnotbeaslave
    that article you posted spoke to something I read a while back about the top tier of mega corporations, some 10 in all, that had solid worldwide control.  The  next tier, some 147 of the biggest corporations  control thousands of others.
      The ownership of these corporations was connected to the European royals such as the House of Windor (sounds like a household cleaner) and Queen of the Netherlands, amongst others.  That shadow backing empire you noted was off my radar. My focus was on the Chinese shadow banking that’s been in the news lately, along with the instabilities of the Chinese banks.
    Maybe that’s agitprop spouted to denigrate the Chinese banking system, intended to deflect the disasterous condition of the Euro banking enterprises as well as our TBTF banks.   You don’t hear Chinese talking about bail-ins.   But its all the news today, spoken in open mikes, how bail-ins are planned as the new means to save these western bankers.
    Yes, it must be that bad that the western leaders meet to discuss how to carve up the corpses of the schmuck depositors before they are dead—the  depositors and the banks, that is.
    It’s like a race to the cemetary.  The second place winner gets to live, like the second mouse at the trap.
     I think the bankers will opt out of that race. They will make the race seem really attractive to those who still trust that their FRNs to the bankers.
    I think the Cyprus debacle will fade from view and memory, thus leaving the bankers and central banks an open opportunity to scam the depositors again. 
    There is one strong rule in the BIG CON  
    Never bankrupt your mark.  Always leave something for the next CON because there will always be another CON.
    Your mark will actually appreciate the opportunity to make his money back.  The Conman will be there with the next best  thing in the world of cons.  A good grifter always has a good looking woman on his arm too boot.  She is the distraction.
      I think BTC is something along that line. I am pretty con-proof, having been scammed by the best.  That list is embarrasingly long  unfortunately, but I am wiser for it.
    BTW
    Did I tell you about a really great multi-level opportunity that I came across?  Come over to my place and I’ll tell you all about it. Think free universal energy.
     

    • As regards the bail ins … whenever I get a pay day into my bank, that sucker gets withdrawn straight out AG. For years I have not left more than a few $100 in my account … I live in Cash and PM’s and I transfer large QTY’s directly into consumables I require in coming months/years and buy in bulk to get good deals. Some people whinge about the ‘price’ of PM’s going down over the last few years but I could give not one hoot, as I will not be spending ANY of my PM’s back into the system until they purchase their fair weight in consumables … ie, they are for AFTER the Black Swan, and if I have to escape the country to make use of them then this is what I’ll do …
       
      I surely am not leaving any FRN’s or FR1&0′s of my hard earned blood sweat and tears with crooked bankers who need to rob me in order to cover what amounts to purely gambling debts. The whole US Economy has become a gambling den, and the sheeple are ready to get the last fleecing … next these vampires will go for the meat … Soilant Green anyone? …they will not be happy until they leave civilization lying in a smouldering pile of rot.

  26. Trust me, I’m a former banker,  WNBAS
      Would I lie to you ?
    free gift with purchase. 

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