Hitler Discovers His Gold & Silver Are Rehypothecated..Receives Margin Call on Long Dollar Positions
All the action in silver shufflin was in Scotia’s vaults Wednesday, as the bank reported the day’s only two silver inventory movements, a 560,000 ounces deposit into the eligible, and a 5,000 ounce adjustment into registered.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 6/7/12 [Read more...]
Submitted by SD Contributor SRSrocco:
In 2011 total Silver Eagle Sales in Dollars were 86% compared to Gold Eagle sales.
In 2012, that ratio has now moved up significantly to nearly 98%. 2009-2011 total dollar figures came from the 2011 US MINT ANNUAL REPORT. The 2012 figures were calculated taking the total sales ending in MAY 2012 times their respective average annual price according to Kitco.com.
It is plain to see that SILVER EAGLE SALES have been gaining on GOLD EAGLE SALES since 2009 and may even surpass them in 2012. [Read more...]
The cartel is doing their best Feb 29th massacre impersonation, as silver has now been smashed $1.50 on Bernanke’s speech to $28.32 from $29.79, and gold has been smashed $55from $1630 to $1577.
Blantant, outright manipulation as gold and silver must ALWAYS look like a horrible investment to the sheople whenever Mr. Bernanke’s mouth is moving publicly. [Read more...]
Fitch downgrades Spain long term debt 3 notches to BBB from A
Short term debt downgraded to F2 from F1
Fitch estimates cost of restructuring Spanish banking system at 6%- 9% of GDP
Full Fitch Statement Below: [Read more...]
Independent researchers are finding rapidly increasing radiation levels on the West Coast of the US.
For those familiar with Chernobyl’s ‘China Syndrome’, the same is headed to the US and Canada.
For those who have not already, we highly recommend our readers take necessary precautions to protect themselves and their loved ones from the harmful effects of long term radiation exposure.
Checking out Long Term Effects of Low Level Radiation- and How to Prevent Them is a good place to start.
No one wants to imagine the future and what will happen even if the situation does not get worse. Radiation is pouring out of Fukushima and that radiation is hitting the streets of Los Angles quite hard. In April 2012 environmental journalist and LA Weekly contributor Michael Collins, an independent who has tested over 1500 samples since the Fukushima earthquake of 2011, was shocked to find that radiation levels in the falling rain over L.A. measured five times above normal. [Read more...]
Bernanke’s full testimony to the Joint Economic Committee has been released.
Bernanke: Fed stands ready to act
‘US budget is clearly unsustainable’
Europe crisis poses significant risks to the US
Gold and silver plunging on no formal QE3 announcement- gold smashed back under $1600, silver under $29.
Full transcript and video of Bernanke’s live testimony below: [Read more...]
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A note to all valued customers. SD Bullion will be closed tomorrow, 6/8/2012, in observence of Pentecost. Thank you for your understanding.
Jim Grant tells CNBC Bernanke QE to Infinity will fail as Fed’s Balance sheet continues to contract.
Grant, who recently described the Fed as the Vampire Squid of Vampire Squids, believes that QE3 will come…but that Bernanke needs more pushing (bigger melt-down) before he announces it.
Full interview below: [Read more...]
Central bank gold demand remains robust as central banks continue to diversify out of the euro and the dollar. Further central bank demand is confirmed in the news this morning that Kazakhstan plans to raise the share of gold in its international reserves from 12% to 15%. So announced central bank Deputy Chairman Bisengaly Tadzhiyakov to reporters today in the capital, Astana. “We’ve already signed contracts for 22 tons,” Tadzhiyakov said. Bloomberg report that immediate-delivery gold was little changed at $1.620.41 an ounce at 10:50 a.m. in Moscow, valuing 22 metric tons of gold at about $1.2 billion. “The bank is ready to buy when suppliers are ready to sell,” Tadzhiyakov said. Kazakhstan said yesterday it will cut its holdings in the euro by a sixth. It was reported in the Reuters Global Gold Forum that the central bank buys all the gold produced in Kazakhstan and owned 98.19T at the end of April, according to the IMF’s most recent international finance statistics report. Meanwhile, supply issues remain and South African gold production continues to plummet. South African gold production fell 12.8% in April from a year earlier, Juan -Pierre Terblanche, a spokesman for Statistics South Africa, told Bloomberg. [Read more...]
Jim Rickards talks to Casey Research’s Alex Daley about how the Treasury and the Federal Reserve are robbing savers by devaluing the US dollar through inflation. [Read more...]
BrotherJohnF is back with another Silver Update: The Silver Bomb Part 2 [Read more...]
One of Silverdoctors’ regular readers and forum contributors appeared on Cramer’s CNBC show Mad Money tonight.
SilverDoctor Daniel from Florida is the first caller of the show, and was given 20 seconds by Cramer, which he used to get about 300 words in (Bill Murphy GATA whistleblower testimony style) on gold, silver, mining companies, and their response to upcoming additional easing by The Fed.
Watch SilverDoctor Daniel leave Cramer speechless below when he asks him how he recommends playing gold and silver equities ahead of Bernanke’s 10am speech tomorrow, with the silver- gold ratio trading near 55-1, when the historical average is closer to 15-1.
(Well, Daniel leaves Cramer almost speechless, Cramer tries to undo Daniel’s damage by recommending GLD):
Once the European debt crisis is resolved- one way or another- the focus will shift to the Western side of the pond.
California, Illinois, Michigan, and 45 other states are in just as bad of shape as Greece/Spain/Italy….and deteriorating just as rapidly, but the MSM MOPE machine dare not mention this fact.
As Jim Sinclair would say: QE will go to Infinity both here, and there.
NEW YORK (CNNMoney) — Spain’s Treasury minister appealed to European leaders for financial support Tuesday, saying the country’s credit markets are seizing up. [Read more...]
The ‘physical’ inventory paper shuffle continued Tuesday in COMEX silver vaults, as a total of 2.3 million ounces of ‘silver’ was moved in and out of various vaults.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 6/6/12
While The Doc is not a fan of LFMAO, perhaps Silver Party Rock should be the CME’s new Silver Anthem.
Every day I’m shufflin, shufflin. [Read more...]