Putin ammo shortage
Play

Gold & currency expert Alasdair Macleod joined The Doc & Eric Dubin this week for an EXPLOSIVE show discussing: 

  • End game to Russian Ruble collapse: Putin may take the Ruble onto the GOLD STANDARD- if Russia detonates this Nuclear Financial Weapon, the West is DEAD! 
  • Macleod: ABSOLUTELY NO GOLD STOCK IN THE MARKET SUB $1200!
  • Did the US/Saudi Arabia plan the oil crash to collapse Russia & the Ruble? -Putin’s counter-move could result in an EPIC BACKFIRE for the West
  • Is a Global currency crisis is in the making!?!
  • Alasdair provides his outlook on gold & silver, and explains why 2015 is likely to be an EXPLOSIVE YEAR for the metals after a prolonged consolidation- but PM investors won’t like what comes along with MASSIVELY HIGHER gold & silver prices! 

The MUST LISTEN Metals & Markets With special guest Alasdair Macleod is below: 

Alasdair Macleod

This week has been extremely volatile for oil, currencies and stock markets.   Against this background gold and silver have drifted sideways to slightly lower, which given the dollar’s strong performance is almost a positive result.
There was a slight frisson of excitement over the release of the FOMC minutes on Wednesday, to be followed by Quadruple Witching Friday.
Stock index futures, stock index options, stock options and single stock options all expire on the third Friday of December. The result is the Dow 30 Index rose by 4.3% between Tuesday’s opening and last night’s close on an enormous bear squeeze.

Image: Jonny O'Callaghan

Given the short time involved, it is clear that there is a major change happening in cross-border trade hardly noticed by financial commentators.   But this is not all: sanctions against Russia have turned her urgently against the dollar as well, and together with China these two nations dominate and carry with them the bulk of Asia, representing nearly four billion rapidly industrialising souls.
To this we should add the Middle East, most of whose oil is now exported to China, India and South-East Asia, making the petro-dollar potentially redundant as well.

While the talking-heads are debating the effect on Russia and America’s shale, they are oblivious to the potential tsunami of dollars just waiting for the opportunity to return to the good old US of A.

Gold Eagle

Gold was the safe haven this week.
This week precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 Friday morning, thus building on the improved trend since gold bottomed nearly $90 lower at $1132 on 7 November.
Gold seems to be finding support at the 50-day moving average (MA), which currently stands at $1198 and now rising.
The 200-day MA is at $1246, which suggests supply at this level could cap the rise for the moment: these levels matter to technical traders.
On Comex there is evidence of some buying of gold futures, as opposed to bear closing, which is reflected in the rise in net contracts for the managed Money category shown in the chart below:

beach ball

It turns out the Swiss referendum last weekend which sought to force the Swiss National Bank to maintain 20% gold reserves was a red herring so far as precious metal markets are concerned, and set up precious metals for the sharpest rally seen in years. 

gold

Gold had a volatile week, but rose from $1147 last Friday afternoon to a high of $1205 on Tuesday.
On Wednesday the price moved between down $25 on the latest opinion poll on the Swiss referendum, then recovered to $23 before falling again on the release of the Fed’s FOMC minutes.
However, despite these unsettling swings gold rose on the week by about $30 overall, making it two weeks in a row as shown in our first chart.

Caption Contest 1

China’s reasons for accumulating gold.
We now know that China had the resources from its trade surpluses as well as the opportunity to buy bullion.
Heap-leaching techniques boosted mine output and western investors sold down their bullion, so there was ample supply available; but what was China’s motive?

flash smash

Trading in precious metals was quiet until Wednesday morning, when prices began to soften.
When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level Thursday and silver crashing through $17 to a low of $16.33.
Friday morning gold and silver fell further in overnight ahead of the London opening, with gold trading down to $1173 and silver brokw below $16.00.
It is clear that the bears, including the bullion banks with short books, mounted an attack on the $1180 level, where there were stops to take out.

So a major test is taking place and the bears are winning…

smash

In the first half of our new interview with Alasdair Macleod we discuss the November 30th Swiss gold referendum and what it might mean for the Bankster’s central banking Ponzi scheme.
We also discuss Majestic Silver CEO Keith Neumeyer’s move to withhold physical silver sales – and his idea to form an OPEC-like mining cartel to break the back of the paper silver manipulation. 

Alasdair Macleod’s Full interview on BREAKING THE CARTEL is below: 

goose

The behavior of financial markets these days is frankly divorced from reality, with value-investing banished.
Our dysfunctional markets have become little more than the essential prerequisite, as Louis XIV’s finance minister Colbert might have said, to plucking the goose for the largest amount of feathers with the minimum of hissing.

china bank run

In this excellent interview with SGTReport, Alasdair Macleod discusses the latest banker “suicides” which have all of the hallmarks of intelligence agency ‘wet work’.
Alasdair also explains how China could easily have acquired 20,000 tons of gold in recent decades – and as SRS Rocco recently pointed out, an additional 10,000 tons of gold in just the last three years!
Full MUST LISTEN interview is below: 

panic

It has been panic over for the moment in the markets and back to business as usual for precious metals.
However there are signs of good underlying demand for physical gold, with the Shanghai Gold Exchange delivering 68.37 tonnes into public hands over the holiday period (two weeks with only five trading days), and a further 51.5 tonnes last week.
The chart below shows gold withdrawn from the SGE this year, totalling 1,547 tonnes so far, on course for a 1,900 tonne total this year, only 300 tonnes short from the 2013 total: