Silver POPS, Is JPM’s Alleged Short Position in Trouble?

After almost 9 weeks of trying to break over $28, silver closed over over $28 on Thurs/Friday and, after a concerted and blatant attempt by the silver manipulating banks to take silver below $28 this morning, it inexplicably shot up like a roman candle at 11:12 a.m. EST time.

We know that at some point in the future that JPM’s paper short position in silver is potentially the equivalent of a small nuclear device embedded deeply the bank’s bowels.

The trigger will be the point at which counter-parties to JPM’s short position demand physical delivery of the silver JPM is derivatively short on the Comex, LBMA and OTC derivatives market. [Read more...]

Former Barclays CEO ‘Held Back Evidence’

In a report issued Saturday regarding the manipulation of LIBOR, the UK Treasury Select Committee claimed that former Barclays CEO Bob Diamond ‘held back evidence‘ during Parliamentary hearings on LIBOR rate-fixing, and his testimony was ‘highly selective‘.
While we’d like to think the report increases the likelihood we’ll finally see the very first conviction of a bankster in the wake of the 2008 financial crisis, we won’t hold our breaths. The report should however, bring the LIBOR scandal bank into mainstream attention.

Parliamentary committee claims Bob Diamond held back evidence during hearings on the Libor rate-rigging scandal.
British parliamentarians have accused former Barclays chief executive Bob Diamond of holding back evidence during a hearing last month over the Libor rate-rigging scandal.

[Read more...]

Strap on Your Seat-Belt, Silver is About to BLAST HIGHER

Submitted by SD Contributor FW:

Silver is trading like a volcano ready to blow.  I think the sub-$26 level is history and soon, sub-$30 will be history as well.  It’s managed retreat time.

I’m sticking to my call on Aug. 8th, which I think is very conservative:  Strap on your seat-belt.  We’re about to blast higher.  By Sept. 30th, we’ll be deep into the $30s for silver and I’m in the camp that sees strong odds for new highs by the end of Feb., 2013. [Read more...]

Silver Explodes Out of Cartel Cap, Goes Vertical

Silver has just exploded out of the cartel’s 2 week long cap of $28.20, with a vertical move from $28.15 to $28.55, and 2 subsequent vertical moves taking silver to $28.81. 
The vertical intra-day move is one of the largest moves we’ve seen in silver in several months.
It appears silver’s seemingly endless consolidation phase is ending, and silver is ready to embark on it’s next bull run. [Read more...]

Jeff Nielson: The Banking Cartel Operates EXACTLY LIKE THE MAFIA

Our friend Sean from SGTReport has released an excellent interview with BullionBullsCanada’s Jeff Nielson.
Sean and Jeff cover the latest criminal exploits of the Bankster cartel, and Jeff says it’s never been more clear that the international banking cartel operates EXACTLY like the mafia.

Full interview below: [Read more...]

Silver Retraces Losses After COMEX Open Smash

The metals were raided again on today’s COMEX open, with silver smashed from $28.30 to $27.86, and gold $9 nearly instantaneously from $1618 to $1609.
The cartel’s success was brief this morning however, as silver has already retraced it’s entire smash, trading back to $28.27 and above the crucial $28.20, and gold is nearly back to it’s highs for the day as well to $1617. [Read more...]

Greg Mannarino – When Debt Bubble Bursts, People Are Going to Suffer on a Biblical Scale

USA Watchdog’s Greg Hunter has released an excellent interview with Greg Mannarino, a former Bear Stearns floor trader in the mid 1990’s.  Mannarino has written seven books on the ongoing financial crisis.  His latest is called “The Politics of Money.”  Mannarino tells Hunter, “The global debt bubble is the biggest in all of mankind, and every single one has burst in the past.”  He thinks what has been going on since the 2008 financial meltdown, “Is theft on a scale that is unimaginable.”   When this debt bubble bursts, Mannarino thinks, “People are going to suffer on a Biblical scale. . . . People are not going to be able to acquire basic resources.

Full interview below:

[Read more...]

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Silver, Wine, Art and Gold (SWAG) Protect From Inflation & Currency Devaluations

Silver, wine, art and gold – or SWAG – may be the solution for investors looking to protect their wealth in the coming years according to perceptive Reuters Columnist, James Saft. In an interesting article and an interesting video for Reuters, Saft coins the term “Investing 201” which means having SWAG in your portfolio in order to protect investors from “a grim decade of money printing and financial repression.” SWAG, as in silver, wine, art and gold, are real assets that might just outperform if official policy causes the money supply to surge according to Saft. This is the idea of Joe Roseman, who says SWAG will do very well over what could be a very troubled next decade. “These assets effectively act as a money supply index tracker,” said Roseman, who for 16 years was a money manager and economist at Moore Capital, run by the legendary Louis Bacon. “If the authorities are going to bail themselves out, money supply will expand. Every single time governments have been here, this is exactly what they have done.” [Read more...]

Silver Update 8/19/12: Breakout?

In his latest Silver Update BrotherJohnF looks at silver’s technicals, and states if silver can clear $28.50 this week, we will see a breakout that will confirm the bottom has been placed in silver at $26.10 in late June.

[Read more...]

Announcing SD Ounce Giveaway Week

It’s Time To Have Some Fun.

Everyday this week we will be giving away at least 100 SD Ounces to Daily Contest Winners.

Schedule of Daily Contests Below.  Please also note the area of the website the contest will be occurring. [Read more...]

The Fed is Out of Bullets

Our friend TF from TFMetalsReport notes that The Fed’s current holdings of Treasuries under 2 years in duration are now negligible, meaning The Fed is out of short-term paper to sell (think operation twist) to keep long rates down .
TF states that with 10 year rates suddenly climbing back towards 2% and with The Fed suddenly out of bullets, the only option left is a re-ignition of overt quantitative easing. [Read more...]

Lord Rothschild Takes £130m Bet Against the Euro

The short Euro trade just became a little more over-crowded as Lord Rothschild has just taken a new £130m short bet on the currency.
Something tells us Rothschild has been stacking gold and silver faster than the Chinese, and he likely didn’t wait till 2007 to start.

Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up. [Read more...]

James Turk: Fear Index Means Gold Bull Rally Has Much Further to Run

James Turk talks to GoldSeek’s Chris Waltzek about his work on the fear index, which Turk states is currently only 10% of the peak reached in the 1930′s.  Turk states he expects the fear index to continue escalating as the banking/debt crisis accelerates, meaning gold’s bull market has much further to run.

Full interview below: [Read more...]


Submitted by SD Contributor SRSrocco:

If we look at this 2008 chart of the DOW JONES, GLD & SLV we see that in the big decline, the Dow lost 35% in 6 months, the GLD dropped 14% and the SLV got clobbered in a waterfall of -45%.
If we compare this to 2012, we see a much different picture: [Read more...]