silverAfter consolidating throughout the overnight Asian and London session as well as throughout morning COMEX trading, gold and silver have just gone vertical, with silver up .65 from its lows to $30.53, and gold popping over $20 to $1681
Meanwhile, the FUBAR fiscal cliff negotiations are reaching critical stage with less than 12 hours left to make a deal, with Obama scheduled to speak at 1:30pm.
Somehow we suspect it will be to place blame on Republicans for sending the country over the cliff, rather than to announce a deal.

CelenteTrends forecaster Gerald Celente predicts the global financial system will continue to be propped up. Celente says, “The scheme continues to go on, the scheme being dumping cheap money into the system to perpetuate an economy that should have crashed in 2008. So, for 2013, our best shot is more of the same, but worse.” Celente’s advice for people who want to protect themselves financially, “Continue to buy gold and silver because a currency war has broken out.” Celente says gold’s assent has stalled because the financial elite “rigged the game” just like the $800 trillion global LIBOR interest rate market. Celente asks, “Don’t you think they’re rigging the gold and silver markets?” Celente contends the fuse is lit on the Middle East and North Africa. He thinks, “The Arab Spring has nothing to do with a democracy movement. It has to do with far too few having much too much and way too many having much too little.” Celente predicts, “If anybody attacks Iran, it will be full-fledged World War III.” Join Greg Hunter as he goes One-on-One with Gerald Celente.

Ron PaulBy Ron Paul:

As I prepare to retire from Congress, I’d like to suggest a few New Year’s resolutions for my colleagues to consider.  For the sake of liberty, peace, and prosperity I certainly hope more members of Congress consider the strict libertarian constitutional approach to government in 2013.

In just a few days, Congress will solemnly swear to support and defend the Constitution of the United States against ALL enemies, foreign and domestic.  They should reread Article 1 Section 8 and the Bill of Rights before taking such a serious oath.  Most legislation violates key provisions of the Constitution in very basic ways, and if members can’t bring themselves to say no in the face of pressure from special interests, they have broken trust with their constituents and violated their oaths. Congress does not exist to serve special interests, it exists to protect the rule of law.

Two Products with One Low Price Over Spot For Any Quantity.  Don’t miss out on Doc’s 2012 End of the Year Special!

 

1 oz Silver Buffaloes- 99 Cents Over FOR ANY QUANTITY

2013 Canadian Antelopes-  $3.19 Over FOR ANY QUANTITY

 

Prices valid on SDBullion.com until 5:30 p.m. e.s.t. on December 31st or while supplies last.  

 

Don’t Miss Out On The Next Doc’s Deal of the Day.  Sign-up to receive Doc’s Deal in your email below.

The Christian owners of arts and crafts store Hobby Lobby announced Thursday that they will defy the Obamacare requirement of employee abortion coverage after the Supreme Court refused their request for an emergency injunction.   That means Obama’s fascist administration is set to fine Hobby Lobby’s owners $1.3 million A DAY for failing to pay for their employees abortions. 

The Bill of Rights begins: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof.

Welcome to the USSA.

images

Image: Gettys

On December 17th, we warned SD readers that Senator Feinstein was drafting the most draconian anti-2nd amendment legislation imaginable, and that the Obama administration had its sights set on instigating the 2nd American Revolution by going after 100 million Americans’ guns.
Der Führer in Chief was on Meet the Press Sunday, and to no surprise, Obama stated he is putting his full weight behind Feinstein’s bill, which criminalizes the possession, use, and sale of nearly all guns.
Obama stated that “I’m going to be putting forward a package and I’m going to be putting my full weight behind it…
I’m going to be making an argument to the American people about why this is important and why we have to do everything we can to make sure that something like what happened at Sandy Hook Elementary does not happen again.

Translation: The most important right guaranteed by the Bill of Rights is about to come under direct attack by the resident Kenyan at 1600 Pennsylvania Ave.

fiscal cliffCNBC invited retiring Congressman and former Republican Presidential Candidate Ron Paul on to discuss the lunacy of the fiscal cliff negotiations going on in Congress.  In this MUST WATCH interview, Paul informed the CNBC host that the resolution of the fiscal cliff is meaningless, as we have already passed the point of no return where we can get our house in order.   Nobody wants to talk about military cuts..the safety net is always available, there has been a recent hurricane, there will be no hesitation whatsoever to spend that money ($100 billion) without any offsetting spending cuts...

This will be just like the Greece debt deals where there is agreement after agreement, but nothing is ever really fixed.  There is no admission that there is a fiscal crisis. If they don’t admit it they can’t solve the problem, Congress is like a bunch of drug addicts seeking another fix!

Paul goes on to state that: “They pretend they are fighting up there, but they really aren’t. They are arguing over power, spin, who looks good, who looks bad, all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it.”

Paul’s full fiscal sanity below:

imagesSubmitted by Deepcaster:

The proposed forced Investment of Present and Prospective Retirees 401(K) Assets in U.S. Treasury Paper about which we earlier wrote, is now followed by yet another prospective attack on Retirees’ Security, and indeed on the Wealth Security of those who hold $US Denominated Assets.

The Prospective Rigging of the CPI Calculation Protocol would , yet again, make the “Official” CPI even further removed from The Inflation Reality.  The Reality is that the current U.S. Inflation Rate, 9.82%, is already Threshold Hyperinflationary.
Absent manipulation, Gold and Silver would be the monetary “Canaries” of the Financial World, whose prices would long ago have warned of Excessive Monetary and Credit Creation. Well, in the past decade their price appreciation certainly has “warned” of that, but not in the past few months. Gold and Silver prices are subject of ongoing Price Suppression by a Fed-led Cartel. But Gold and Silver Price Suppression, cannot last forever.

Jamie DimonFederal US District Court Judge Robert P. Patterson Jr. has dismissed the class-action litigation suit brought against JP Morgan (and originally HSBC) regarding silver market-rigging.  Judge Patterson cited lack of specifics and claims of bad intent necessary to bring the suit to trial.

Perhaps Judge Patterson never bothered to actually read the litigation, because if he did, (assuming he was not paid off) he would have come to the same conclusions we did when the suit was filed in September of 2011:
The lawsuit completely exposes JPMorgan’s silver manipulation from insiders’ perspectives for ALL TO SEE.
We’re talking your wife streaking on the field during the opening kick-off of the Super Bowl type of exposure.

Que the CFTC announcement that their 4 year silver probe found no evidence of market manipulation in silver.

Full details of Judge Patterson’s dismissal of the suit, as well as the full original suit below:

Source: FT.com

The Doc sat down with Harvey Organ again for the 3rd and final interview regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.

Harvey stated that the CFTC’s silver probe has concluded, but they can’t release the findings because it would collapse the entire financial system!  Harvey also stated that China is ultimately the big gold & silver short, and stated that the nation is draining massive amounts of physical metal East.

Organ also made the shocking allegation that COMEX is settling allocated delivery & storage requests with paper metal,  and stated that he no longer has any faith whatsoever in the numbers reported in the COMEX gold and silver inventories. 

Harvey gave hope to PM investors who have endured years of cartel interventions in the gold & silver markets, stating that the end game is being played out, and that extreme physical shortages of silver could end the manipulation once and for all, possibly as soon as March!

Full MUST LISTEN 3 Part Interview Below:

silverCOTBy SD Contributor Marshall Swing:

Gold & Silver COT Report 12/28/12

Commercial longs rose a huge 3,955 on the week and covered an even larger 4,676 shorts to end the week with 48.07% of all open interest, an imperceptible decrease of -0.02% in their share since last week, and now stand as a group at 233,540,000 ounces net short, which is a massive decrease of over 43,000,000 net short ounces from the previous week!

Historically, with silver now at $30 and the commercial net short position at about 233 million ounces, the last time their net short position was similar was the closing of September 11 yet price was about $33.50  Couple that information with the massive long buying by the commercials and I feel safe to say the bottom is in for the short term

 Submitted by Morris Hubbartt:

This is a ratio chart of silver versus gold, and it suggests silver is set to dramatically outperform gold, in the intermediate term.  RSI is close to confirming the latest CCI spike, and the Stokes oscillator at the bottom of the chart is flashing a significant buy signal.
A bullish Doji candle recently occurred, just outside of the lower Bollinger band.  No technical pattern has a 100% success rate, but a Doji is highly dependable.  The silver bears are treading on thin ice here, and the bulls are looking good.

The best trade for 2013 could turn out to be buying silver now.

Jim Sinclair, the man who predicted gold would reach $1650/oz over a decade ago sent an email alert to subscribers tonight, stating that the Euro-zone, Russia, and China will determine the future of gold, as the financial power has shifted from the US and UK to the East. 

Sinclair also states that the purpose of QE was and is to transfer worthless assets on the books of the TBTF banks onto the Central banks themselves, and thus forestall the inevitable complete collapse of the western financial system. 

Sinclair states that the Federal Reserve has no means of ever unwinding the worthless and toxic junk assets it has taken onto its balance sheet, and that the mathematics of the price of gold’s response to what has already occurred are now well in excess of $4,000.

Sinclair’s full alert below:

The Doc sat down with Harvey Organ again for the 2nd of several interviews regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.

Harvey stated that recent evidence seems to validate his long held suspicions that China is behind the big gold & silver shorts, and stated that the nation is draining massive amounts of physical metal East.
Harvey also made the shocking allegation that COMEX is settling allocated delivery & storage requests with paper metal,  and stated that he no longer has any faith whatsoever in the numbers reported in the COMEX gold and silver inventories. 

Harvey Organ’s EXPLOSIVE 2nd interview with The Doc is below:

With the Obama administration blatantly attacking the 2nd amendment and going after Americans’ Constitutional right to protect themselves from a tyrannical government,  Max Keiser talks to trends forecaster, Gerald Celente of TrendsResearch.com in the latest Keiser Report about the next American Revolution.