asian gold demand

China is still in a holding pattern ready to pounce when needed.
The open interest on silver is  still highly elevated.  Gold has a low OI with a low gold price.  Silver has a high OI with a low silver price.  Something has got to give!!
Let’s head immediately to see the major data points for today…

US gold

Ever since the world suffered a near collapse of its economic and financial system in 2008, investors around the globe have purchased physical gold in increasing volume.  However, if you lived in the United States… the opposite is the case.
Not only did Americans purchase less gold, they ranked DEAD LAST on the planet.

gold standard

Our financial system has suffered an escalating series of crises. Each crisis has grown out of the fix applied to the previous one.
The crisis of 2008 was different.  No matter what the Fed has attempted, they have not been able to create even the temporary appearance of recovery (other than in asset prices).   It’s not merely that growth will be slow, or slower than it should be in some theoretical ideal economic world.

There will be no recovery while our monetary cancer rages, unchecked.
We must rediscover the gold standard, which is the only cure.

tfmetalslog

In the second part of this excellent interview with Finance & Liberty, TFMetalsReport’s Craig Hemke discusses:

  • Gold, silver, platinum, palladium: What are the best precious metals to invest in? 
  • Coins, rounds, or bars: Are government minted silver coins better than silver rounds?
  • Shortage- what shortage? When is a silver shortage going to hit? 
  • How do we predict the timing of an economic collapse?
  • Will gold or silver protect you in a coming hyper-inflationary currency collapse? 

Craig Hemke’s full interview is below: 

crash

Since WW2 economic theorists have posited that demand in the economy could be stimulated by a combination of deficit spending by the government and by suppressing interest rates.
The separation of demand from production was promoted by Keynes and interest rate management of the economy by monetarists, though there is considerable overlap between the two. Yet no progress in economic management has been achieved: instead we appear to be on the brink of a major economic dislocation.
Far from banishing the business cycle, it has become worse. To understand why it’s worth looking at the reason the concept is failing.

dollar reserves

Even the European Central Bank has started discussions on the possibility of including the renminbi as one of its reserve currencies.
On Tuesday the UK also became the first country besides China to issue a sovereign bond in renminbi.
This coincided with the issuing of 180 million renminbi of corporate bonds by China’s ICBC in South Korea.  Another first.  
It’s very clear where the trend is going. All these news items are pieces of the same puzzle.
The US dollar’s throne is shaking as it’s losing its importance and status as the preeminent currency in the world. Renminbi is on the way up.
The whole existing order of a single ruling currency is currently being challenged.
A new financial era is coming.

ebola

A top Ebola scientist that is working in the heart of the outbreak in Liberia says that this version of Ebola looks like it could be “a very different bug” from past versions.
If what you will read about below is true, we could be dealing with some sort of “super Ebola” that nobody has ever seen before.

sprott

As part of our weekly webinar series, it was a distinct pleasure and honor to welcome Eric Sprott.
In this wide-ranging, 47-minute discussion, Eric offers his comments and analysis on:

  • Chinese gold demand and the continuing drawdown of the GLD.
  • Market conditions needed to facilitate an expansion of the PHYS and/or PSLV.
  • The mining stocks. Eric also offers his key metrics for evaluating miners that can make it through this current downturn.
  • What mistakes we’ve made over the past three years and how to prepare for the future.
  • The ongoing deviation of the gold: silver from historical norms.

Full MUST LISTEN interview with Eric Sprott is below: 

Argentina

Although the productive class of Argentina is no stranger to being vilified by a populist government whose grasp on power rests on praising the dignity of poverty, Cristina Fernandez de Kirchner has managed to take things to an entirely new level.

smash

The Federal Reserve and bullion banks, through decades of body-slamming the silver “market”, have actually removed silver so far from “Bubble” status, that you couldn’t see it with the Hubble telescope!
Instead of expanding upward and outward, it has been forced inward and downward, through the numerous crimes of these crooked institutions.
In fact, silver has become something far more unusual
: it has become a reverse/inverse bubble.
It has far undershot any sane and fair valuations.  It hasn’t just limbo-ed under the bar of rightful value, it has taken the subway, and then jumped down a mineshaft, and crawled safely 5 miles below those bars of rightful value!
The true bubble in the world is the 1 quadrillion(1,000 trillion) dollar OTC derivative market.
The true bubble in the world is the U.S. treasury market.
The true bubble in the world is the U.S. dollar, which is simply a debt unit that the U.S. treasuries are measured in.
Those real bubbles have been propelled where they are, by governments and banks simultaneously smashing silver’s price through the earth’s crust.
But all those bubbles are about to meet a hard, silver wall of reality.
Silver’s moment will arrive.

gold bottom

This bottom may be the longest yet.
This is psychological warfare and does not resemble the true PM physical market at all but it is contrived through manipulation to depress speculation so that physical buyers will stay away from PMs and trust bonds and equities while Ebola and ISIS rip up the daily headlines.
The DOW is off 1,000 points in just a few days, fear of deadly disease or decapitation stories is gripping the news and gold and silver have plummeted?

Does any of this make any sense?  FEAR UP, gold down?
Can you spell M-A-N-I-P-U-L-A-T-I-O-N ?
Stay thirsty for physical, my friends, the day of redemption draws near!

sovereign man

With a combined position of nearly $2 trillion in US government debt, against which they hold little or no capital buffer, US banks are now EXTREMELY vulnerable to a bond market sell-off.
The global economy shivered when the consequences of lending to subprime homebuyers came to fruition.
Just imagine how it will quake when the US government – the largest subprime borrower in history – eventually defaults (or hyperinflates) its debt away.

There’s nowhere in the world the tremors won’t be felt.