A growing minority of Americans are waking up and are starting to reject the mainstream media.  An increasing number of people are beginning to recognize that the mainstream media is the mouthpiece of the establishment and that it is promoting the agenda of the establishment.

So why is the mainstream media so bad?
The following are 7 things about the mainstream media that they do not want you to know…

The various governments of the world and their central banks produce and distribute a product – paper currencies. Those currencies are backed by confidence, faith, and credit, but not by gold, oil, or anything real. Those currencies are digitally printed to excess, since almost all governments spend more than their revenues. The UK, Japan, and the USA are prime examples.
Central banks and governments have, to one degree or another, the motive, means, and opportunity to manage the price of gold. Clearly, their bias is to hold the price of gold low and to restrict its upward movement. Similarly, they want bond and stock markets to move higher, but that is another story.

YOU have motive, means, and opportunity to protect yourself and to profit from this process.

The bipartisan tradition of using the IRS as a tool to harass political opponents suggests that the problem is deeper than just a few “rogue” IRS agents—or even corruption within one, two, three or many administrations. Instead, the problem lays in the extraordinary power the tax system grants the IRS.
The IRS routinely obtains information about how we earn a living, what investments we make, what we spend on ourselves and our families, and even what charitable and religious organizations we support. Starting next year, the IRS will be collecting personally identifiable health insurance information in order to ensure we are complying with Obamacare’s mandates.
The current tax laws even give the IRS power to marginalize any educational, political, or even religious organizations whose goals, beliefs, and values are not favored by the current regime by denying those organizations “tax-free” status. This is the root of the latest scandal involving the IRS

As the first US Supreme Court Chief Justice John Marshall said, “The power to tax is the power to destroy” — and who better to destroy than one’s political enemies?
The very purpose of the IRS is to transfer wealth from one group to another while violating our liberties in the process, thus the only way Congress can protect our freedoms is to repeal the income tax and shutter the doors of the IRS once and for all.

Silver’s recovery yesterday from being 10% lower at one stage to recouping these losses and then rising over 2% was very positive technically.  The key reversal is leading some to postulate that we may have seen the bottom or are close to a bottom.
This theory is bolstered by the fact that the 10% losses were due to a handful of a very large trades in a low volume session in Asia, while silver’s subsequent 12% reversal to the upside came amid extremely high trading volume with silver trading volume 82% higher than the 100 day moving average on the COMEX.Silver’s fall could have been related to the gyrating yen dollar price as some hedge funds and banks use proprietary trading systems and sharp losses in a leveraged yen dollar position could have led to forced liquidation of silver.   However, the scale of the 10% loss in the silver market, and only the silver market suffered such large losses, would suggest that it was not simply due to margin selling on yen speculation losses.   Rather, the scale of selling suggests one or two massive sellers, likely institutional, who were determined to force the silver price lower, possibly in order to close or buy back underwater short positions.

gold runHang on to your gold [and silver], don’t even watch the corrupt gold price, because I can guarantee you in the next several months, or a year or more, there will be NO COMEX GOLD PRICE. Because they will have no inventory; they will offer no more futures contracts, because the line up for lawsuits and prosecution will be so long…

Jim Willie says the recent gold price take-down has caused, “A bank run in gold bullion banksIt’s a vault run. . . Wealthy investors are asking for their gold, and some are finding out it’s not there.” Jim Willie, who holds a PhD in statistics, says things are getting worse. Dr. Willie contends, “Back in 2011 and 2012, you had an important event every three of four months. Now, it’s every two or three weeks. So, the mean time between failures is rapidly declining.” Dr. Willie goes on to predict, “Before, they were talking about stress tests. Now, they realize that all of them in the past were a fraud. So, they are talking about ‘bail-ins’ because they are expecting failures.” Dr. Willie contends, “It’s all coming to a climax where gold is going to be central with a gold-trade central bank and gold priced at $7,000 per ounce.” Join Greg Hunter as he goes One-on-One with Jim Willie:

tornado*Update: Tornado ripped through Oklahoma City suburbs, 51 fatalities reported, including 7 children from Plaza Towers Elementary
*Update 2: Multiple schools reportedly blown away, Children being pulled alive from rubble at Plaza Towers Elementary, at least 70 children being treated in OkCity trauma center

A 2-mide wide tornado reportedly ripped through Oklahoma an hour ago, and according to Oklahoma Governor Mary Fallin, has directly struck a high population metro area, with high casualties likely.

Shocking video footage of the massive twister and live updates are below:

There seems to be a great deal of the yellow metal heading out of the United States and into certain foreign countries lately.  According to the USGS, the United States exported 129 metric tonnes of gold Jan-Feb, 2013.  At this rate, total U.S. gold exports could reach 700-800 metric tonnes this year.  With the recent take-down in the price of gold in April & May, I would imagine the United States is more than likely going to reach that figure.

If we look at the chart below we can see just who received all this gold:

bullion hostageThis is all about a banking crises!  Gold and silver are being held as hostages.
The central bankers have their overly-rehypothecated teat caught in the wringer of world-wide demand for physical gold, and they cannot get it out.  Their only recourse has been to drive down, crush would be a better description, the fiat [paper] prices of gold and silver so they can “buy” time to acquire whatever physical available to cover their cheating ways.
Ironically, while these financial fiat-wizards are in a panic mode, of sorts, they are able to buy physical at somewhat lower prices and destroy the ability to take delivery for  those if-you-do-not-hold-it-you-do-not-own-it paper holders upon demand.  “Sorry, but you can only have paper fiat.  Didn’t you read the fine print?”

As we have been saying since 35 silver, 1800 gold; 30 dollar silver, 1700 gold; 25 silver, 1500 gold, etc, the issue is not price, rather, and most importantly, it is all about having possession of the physical for which there is an insatiable demand.  We have been saying this for many months:  keep buying physical gold and silver regardless of price.  At some point in time, it may not be available to buy, except at substantially higher prices, or not at all. 
Better to be the proverbial year early than a day late.

silver squeeze

Despite ‘crashes’ in the market, the demand for physical silver continues to rise. Buyers are already outpacing sellers by a stunning 50-to-1 ratio. We are seeing the beginning of shortages; but this will only accelerate if Western governments continue with this raid on paper gold and silver.

When Supply & Demand take over…the Squeeze is On!!

Wondering why the $2.30 plunge in silver overnight took 4 minutes for the algos to execute? 4 consecutive 20 second trading halts per the CME:

  • *SILVER TRADING WAS HALTED FOUR TIMES OVERNIGHT, CME GROUP SAYS
  • *SILVER TRADING WAS STOPPED FOUR TIMES IN 20-SECOND HALTS
  • *SILVER TRADING WAS HALTED IN `STOP-LOGIC EVENTS’, CME SAYS

silverCOTBy SD Contributor Marshall Swing:

Commercial longs added 1,014 contracts to their total and covered 224 net total shorts to end the week with 50.69% of all open interest, a minor decrease of 0.1% in their share of total open interest since last week, and now stand as a group at 66,090,000 ounces net short, which is a decrease of almost 6.2 million net short ounces from the previous week

Silver has recovered 7% of the price plummet and is now down 2.7% today at $21.60 an ounce.   Silver’s weakness may have contributed to gold falling 1% to $1,354/oz.
It is likely that the very aggressive selling in illiquid Asian markets overnight was by a large hedge fund or bank or a combination of hedge funds and banks with deep pockets. Reuters quoted an analyst at a Japanese bank who said that silver’s price falls were due to one “unidentified investor”.
Heavy concentrated selling likely led to stop loss orders being triggered at technical supports – particularly at the $22/oz level.