silver chartThe precious metals community has been abuzz this afternoon with an apparent overnight discrepancy in the silver chart published by the industry’s most widely recognized charting service. 
After displaying a 2 hour gap in the price of silver during London trading this morning, kitco appears to have simply scribbled lines to concoct and reconstruct the gap:

Why is gold and why is silver demonized with crushed values, daily manipulation of prices and constant propaganda against its use, categorizing it as a barbarous relic?  Because it represents the last man standing, a Horatio at the Gate, fighting a constant rear guard action against the soldiers of the banksters and central banks with their million man armies.  
This barbarous relic represents the real money currency of the barbarian clans who see, at a visceral level, the type of damage created in the war against gold and silver and consequently the war against us. These wars are 6,000 years old and we are now forced to fight them again.
And this barbarian is hell bent on taking the battle back to the banksters.
Silver and gold will be his PERSONAL WAR CHEST in this coming battle…

AGXIIKI am not certain what is going on in the COMEX because the figures are subject to falsification. The one thing I can say with certainty is the the banksters are doing what they always do when things get dicey.
They resort to the trade I will call:
This you can take to the bank…

fire contagionLast Friday, June 26, was D Day.  That was the last day a person in Greece, for all intents and purposes, had the banking freedom we take for granted here in the US.  Today the Greek people are now stuck in a burning barn, finding out that the system they relied on is broken.  If there is not even a small reset, sometime within a week or two, there will be riots when food and gasoline are gone.
The Greeks had many options before June 26 2015. 

One day the stores and gas stations were full: The next day they were empty.
Systems fail slowly at first and then very quickly. You must be aware of the warning signs of systemic failure.
Being 6 months early beats being 1 day late.

1498071I am of the opinion that some of the Greek banks will not open Monday and those that remain open will shut down with a day of opening or at least by June 30.  The ECB and IMF are looking at June 30 as the absolutely deadline for full on default, no concealing it any more.
The ELA must protect its position and will likely order a bank holiday and full on capital controls because the bank deposits are now less than what is owned. Collateral is going to be worth ZERO in short order as a Greek default shoots rates to 50-90% on 2 year bonds, just like the last time Greece took the haircut that avoided a full default 2 years ago.
This will precipitate a bail-in as the ELA, along with the troika, will demand full deposit theft to protect this 100 billion euro assets still within reach.  Bank holiday will give the troika and ELA provisions time to extract everything they can reach in these accounts.  If the Greek central bank does not nationalize the banks sometime between Sunday and Wednesday, the banks will fail and crash, throwing the entire system into chaos.

wrong end badlyTo create the illusion of power and control, they’ve thrown a web of deception over the people;  shielding their eyes from reality.   By gradually changing everything we know that’s real and tangible to the unreal and intangible, they’ve been able to slowly  build a system where EVERY SINGLE ITEM IS MALPRICED AND MISPRICED.
Everything we see is fog and ghosts, wraiths and wisps of smoke, DEBT and DIGIFIAT that drives everything, creating a skein of reality in a paradigm that exists without substance or reality, a monetary MATRIX that is real and unreal at the same time.
The movie ends badly for those who believe the plot and theme.
Anyone invested in this system of lies will get hurt beyond measure.  Those who see the lies for what they are will be able to buffer themselves against the worst that is coming down the road:

dollar collapse panic

Where are consumer prices headed and how this might affect precious metals?
This looks like the beginning of a severe deflationary cycle.
It is going to get worse before it gets better.

The central banks will try to correct this deflationary spiral with further reduce interest rate reductions, massive new doses of QE, moving even deeper into negative territory, a strategy that has proven to be a complete failure.
This does not bode well for any asset class.
Excess cash will not be loaned out, thus cramming more capital into the bank balance sheets, doing nothing for the global economies except stockpiling fuel for a burst of hyperinflation.


Austria’s Hypo Alpo has taken down 3 small banks in Austria and Germany that were leveraged to 98.5% of their capital.  200 million Euro losses killed these extremely leveraged banks. Small losses kill small banks.  Large losses kill large banks. There are plenty of large losses in the wings; trillions in fact.
The first horse out of the barn gets scorched least. The fire sale and blood baths will be epic.
The largest ships are leaking from many holes in their hull  It’s not a matter of them sinking; it’s how the passengers expire.   The few will climb on top of the many before all drown.
Life boats are lacking; most already filled with those prudent enough to get off before the ship sinks.
Silver life boats are in order. Got yours?

As 2015 begins, AGXIIK has shared a heart warming story of his journey to share his gratitude to the Greatest Generation by giving away a Heroes DDay Silver coin to every Veteran of World War II he encounters. 
AGXIIK shares his story, experiences, and letters of gratitude received from our living WWII Heroes below: 

I bought a couple hundred of the Heroes DDay silver coins as a mission to make sure that any WWII veterans I encountered would receive one.  It’s sometimes easy to spot these vets  as many wear their caps saying  “World War II Veteran”.   In the last 6 months I’ve also met the wives of veterans or their children, asking them to take a coin and give it to their father or mother who served.  Yes, the ladies served too.  One  WWII veteran was a woman served as a war time stenographer, sending  secret and  coded messages to aid the war effort.
Giving away silver is fun and rewarding when one sees the reactions of those who get a coin of this sort.  Everyone of that era used silver every day, with dimes, quarters and even silver dollars in their pockets or coin purses. A dime was a day’s wage for some.
But silver and its memories have faded over the last 50 years.  Silver and coins like these keep those memories alive…
We have a sacred duty to take back our freedoms and liberties;  to stop a powerful government from running ragged over our sovereigntyWe owe it to pay forward  the sacrifices of our forefathers and to see to it that future generations enjoy the same  rights and liberties  encompassed in this life-affirming stand.
With courage, fearlessness and fortitude, a simple farmer made a powerful statement heard world wide.  
The world is still listening.  

SD’s AGXIIK recently traveled to Reno, Nevada to meet with and interview Cliven Bundy and family.
The first hand account of the Bundy standoff (including the unreported account of Bundy’s sons courageous confrontation with the Federal forces while lighted up by sniper lasers) is below:  

Saiga12 Build by "The Hunter Of Skulls" I reviewed the Reno Gun show last August.  Click here to read that report.  How times have changed, and for the better.

At the 2014 Big Show, dealers had nearly unlimited amounts of all the popular pistol, rifle and shotgun ammunition
Prices were more than 50% lower than the Reno Gun show of early 2013
As a matter of fact, with no lines and no limits, the buying experience was fairly routine and enjoyable.
We saw people with dollies full of ammo cases being toted to the exit doors.


AGXIIKAGXIIK joins The Doc & Eric Dubin in this MUST LISTEN installment of Metals & Markets to discuss:

  • AGXIIK on why Ukraine is a stare-down contest between the West & Putin, & what is likely to happen when currency wars devolve into hot wars (there is no safe haven except physical gold & silver!)
  • Bitcoin Mt. Gox implosion: isolated event or a warning to Bitcoin holders?
  • First they ignore you. Then they laugh at you. Then they attack you. Then you win: Why Bloomberg’s in-depth coverage on bullion banks manipulating the London fix gold price has substantial implications on how close we are to the END GAME
  • AGXIIK discusses his attempted firearms up-training of 27 federal high security guards: “They looked like a one-legged monkey trying to have sex with a bagpipe” 

The SD Weekly Metals & Markets With Special Guest Host AGXIIK is Below:

With last night’s announcement by President Obama of his new MyRA, the “No Risk, Guaranteed Return” Retirement Savings Bond Program, we thought it apropos to bring back AGXIIK’s November 2012 warning that President Obama had begun a push to confiscate Americans’ IRA’s & 401k’s, and force retirement assets into treasury bonds.
While many have scoffed, we have long warned at SD that Americans’ retirement plans are the last remaining bastions of wealth for the criminal banksters to pilfer, and that they will ultimately be confiscated via forced allocation into treasury investment vehicles.
With President Obama’s State of the Union speech on 1/28/2014, the process has officially begun.
As AGXIIK warned, Please realize that this is 100% about funding $1.5 TRILLION annual deficits using Americans’ retirement funds, as there is simply no other remaining pool of wealth able to soak up $1.5 Trillion in T-bills annually.

AGXIIK’s Full MUST READ 2012 Warning on Obama’s Plans to Confiscate 401k’s & IRA’s is below:

SD contributors including The Doc, Eric Dubin & AGXIIK will once again join SD readers for a LIVE CHAT blog for The Bernanke’s LAST FOMC statement, starting at 1:45pm EST!
Will Bernanke continue the taper before Yellen steps in, or hold serve?  Discuss the event with the SD community LIVE!

gold MSM MopeI’m going to clear the air on this matter.  For over 2 years I’ve been writing about the impending federal takeovers of pension plans.
10 countries in the Europe and South America have engaged in pension theft, conversion or expropriation to fund government operations. 
It is quite likely that we will see more of this theft in 2014, and before the financial crisis is over, probably from the TSP.
The brokerages will be completely compliant with these actions just like the Bail-in provisions signed by the FDIC, FED Bank of Canada and BOE, as was reported here on Silver Doctors in 2013.
Like Detroit with its complete expropriation of the $11,000,000,000 in pension plan funds, the Feds will use the $1.6 trillion in the TSP as they see fit.  They are patterning this on Poland and the NDRP.  Poland recently confiscated 28 billion in Euros to reduce their country debt to 56%  of the GDP.
The government simply took the funds from the private and government pension plans WITHOUT ANY COMPENSATION. 
Surely that could never happen here!