Submitted by SD Contributor SRSrocco
Well, there’s silver of course, but outside of gold and silver, we agree with Biderman that there really is nowhere else to park your assets that provide both safety and the potential for ROI.
What else is there? European bonds? US Treasuries at 1.4%? Apple?
Gold and silver are they only options left.
Or in Biderman’s words: ‘If Europe, the U.S and Japan are all printing money to pay bills, what else is there besides gold?‘ [Read more...]
Submitted by SD Contributor SRSrocco
The two bigger silver miners came out with their Q2 Reports yesterday…. and they AIN’T PRETTY. Now, don’t get me wrong… I like silver miners, I am just showing some interesting things taking place as costs go up and prices paid for the metals go down.
Costs keep going up in a huge way and prices for silver are not keeping pace.
Silver Guru David Morgan calls a bottom in gold miners, and states that shorting the bond market is the next big trade.
We agree with Morgan over the long term, the tricky part is the entry point. Numerous traders have already been burned by shorting Treasuries and watching as the 10 year dropped to an unthinkable 1.39%.
While the Treasury market is unquestionably the largest bubble of all-time, predicting exactly when the bubble will pop is the difficult part.
For now, we prefer to take the safer side of the same trade by owning physical gold and silver.
Morgan’s full interview with AltInvestors below:
Welcome to Capital Account. Last May, we spoke about the bailout of Bankia and other problems emanating from Spain. This led us to question whether we would see a “Spexit” before a “Grexit.” Can we now add “Brixit” to the list? The latest addition to the Euro-exit-speculation family has been making headlines. We talk to Constantin Gurdgiev about whether the “Brixit” is just the next catchy phrase or if there is substance behind it.
Plus, today is the unofficial five year anniversary of the credit crunch. Five years ago the Dow fell nearly 400 points, as French bank BNP Paribas announced it was halting three funds with exposure to US subprime mortgages. Global banks stopped lending to each other, which triggered a credit freeze, and Central banks quickly intervened. We talk to Constantin Gurdgiev, co-editor of “What If Ireland Defaults,” and take stock of where we are today, if we’re looking at any kind of repeat, and why or how it could be different this time. [Read more...]
‘JPMorgan Chase & Co. is being investigated by at least 11 state, federal and international enforcement bodies‘
JP Morgan currently has 11 governing agencies investigating it’s activities because the investment back believes (rightly from what we have seen) that they are currently above the law. Don’t expect anything more than a proverbial wrist slap from any of the open investigations.
The Morgue is like Leonardo Dicaprio in the movie “Catch Me If You Can.” The bank has amassed a laundry list of fraudulent activities that have burst onto the radars of numerous governmental agencies and into the public spotlight. [Read more...]
After massive inventory movements all week, we have only a single silver inventory movement to report today, a 168,000 ounce movement in Scotia’s vault.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 8/9/12 [Read more...]
Submitted by Ted Butler
‘Perhaps the most amazing thing of all, at least to me, is the glaring fact that even after four years of non-stop public allegations about involvement in the silver manipulation, JPMorgan still remains the big short.‘
There has been an explosion of interest and commentary these past few days as a result of a front page story in Monday’s edition of the influential Financial Times (of London). The story stated that the CFTC was set to drop its four year investigation into alleged silver price manipulation due to insufficient evidence to bring charges, according to three unnamed sources. I went to sleep Sunday evening when the story first appeared prepared to wake up to similar and confirming stories in other publications. Instead, there were no other stories confirming the case was set to be dropped; only strong statements that the FT was story was “premature” and “inaccurate in many respects” by a named source, Commissioner Bart Chilton of the agency.
The CFTC’s silver investigation is a hot button issue and the FT story, as well as Commissioner Chilton’s response to it, set off an outpouring of emotion and conjecture in the precious metals world. And for good reason, as this is an extremely important issue.
There can be no greater concern than whether a market is manipulated in price. [Read more...]
‘The Rats Are Jumping Off This Sinking Ship. This System Cannot Survive Much Longer’ – Harley Schlanger
Our friend Sean from SGTreport has released a MUST LISTEN interview with Harley Schlanger the national spokesman for the LaRouche Organization. Harley just returned from the EU and says the entire banking system is unraveling. The rats are looking for a way to save themselves.
Some within the cabal like the Rothschilds are even showing signs of supporting the re-implementation of Glass-Steagall, not because they are decent human beings – but because they are trying to save their empire.
Meanwhile, people in the U.S. are fed up and want real change that neither the establishment-controlled DNC or RNC will ever allow. We need a new political system in this country, one that actually REPRESENTS the voice of the people. But the bottom line is this broken, criminal paradigm is now functioning on borrowed time. Harley says, ‘This system cannot survive much longer.’ [Read more...]