Gold Crash Anniversary Day

silver crashGold is holding up reasonably well, considering that Indian buyers are so focused on the election.
Generally speaking, this is the weak season for gold. Also, the April 12 – 15 period is when the gold market crashed in 2013. As we saw Tuesday, Nervous participants tend to be sellers around the anniversary of such events. [Read more...]

Bullion Banks Attempting to Set Up Specs to Take the Blame for Coming PM Futures Massacre!

silver smashThe disaggregated COT numbers reveal all the action last week was in the producer merchant, the evil bullion banks as we know them and “love” them (loathe them actually), and they added 5,960 longs and 7,018 shorts. 
The bullion banks are reaffirming their intention to massacre the metals price and they do this for no other reason than to encourage the speculators to purchase more shorts.  This is resulting in more and more commitment to the downside by the speculators who will be blamed for the crash to come! [Read more...]

Deepcaster: 2 Choices- Hyperinflationary-Depression or “End Game” Default!

dollar collapse panicWill The Cartel price suppressors win out when it comes to Precious Metals and other Tangible Assets prices, or will increasingly Bullish fundamentals propel them further up?
Whatever the answer, the mounting evidence is that the Fed-led Cartel is knowingly creating conditions designed to force the U.S (and, indeed, the entire industrialized world), to eventually choose between a Hyperinflationary Depression and the Cartel‘s ominous “End Game.”
As Jim Rogers and David Stockman have recently pointed out, Fed Policy is impelling us to such a Climax.

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Cartel Capping, Then Crapping On Precious Metals This Week

Why mince words?  The last 48 hours of price movement are transparent for those with eyes to see (and in the case of the CFTC, maybe a brain to process data, and a spine to fulfill their mission would help).
Leading up to the Fed’s surprise “no taper” decision, and during the lead-up to what was initially going to be a near certain US attack on Syria, gold and silver prices were managed lower by cartel action during the first week of September.  Hedge funds and “hot money” followed the trend, justified by increasing worries of consensus-view tapering.  This brought gold and silver lower in advance of the “no taper” surprise.  Silver would have been in a position to possibly retake it’s 200 day moving average were it not savagely managed downward since early September in advance of the “no taper” news. [Read more...]

Eric Sprott: The Cartel Will be Taken to Their Knees!

cartel taken to kneesThe Doc sat down with gold and silver expert and billionaire fund manager Eric Sprott Wednesday for the first of a series of interviews regarding the markets.
Eric warned The Doc prior to the interview that the KWN and USAWatchdog sites were maliciously attacked the day they published interviews with Sprott.  There appear to be powerful interests that would prefer to keep Eric’s thoughts on precious metals out of the public at the present, as SD also sustained a confirmed co-ordinated Apache flood DOS attack during the recording of the interview.  

With gold smashed nearly to $1550 and silver nearly to $28 Wednesday, Eric discussed the latest paper raid in the face of epic physical demand, and stated that the demand for coins has been stunning!

Sprott also stated that there is an absolute shortage in platinum and palladium, and although he still believes silver is the investment of the decade, there is no telling how high platinum and palladium could go.

With silver trading back under $30, Eric states that silver should be $100 today, that he expects it to massively outperform gold, and that he conservatively expects the metal to reach $200/oz.   Eric states that $200 shouldn’t be considered the top however, and that All we know is that the price should be up massively.  Anyone who’s been a student of the market sees these ridiculous trades, but some day these guys will be brought to their knees by people just taking delivery.

The first of Eric Sprott’s MUST READ interviews with The Doc is below: [Read more...]

Your Regularly Scheduled COMEX Open Silver Smash Sends Silver Towards $28 Handle

Must…Keep…Silver…Under…$30.

Daily COMEX open silver raid in progress.

*Update: 2nd wave in progress, cartel gunning for $28 handle!

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Is JP Morgan Shorting Paper Metals While Acquiring Massive Physical Stockpiles?

*Updated

Manipulation explained, or pure disinformation orchestrated  to pre-emptively manage the fallout of the coming JP Morgan silver manipulation scandal?

As silver investors are likely aware, leading silver analyst Ted Butler has openly speculated whether JP Morgan’s alleged massive short silver position is held on behalf a client such as the Federal Reserve (with the intent to prop up the dollar by suppressing gold and silver) or the Chinese government (with the intent of acquiring physical gold and silver bullion at a discount due to their massive paper short position on the futures market).

The Doc has long privately wondered whether the bullion banks’ PM short positions could actually be leveraging their own physical bullion accumulation by artificially suppressing the paper futures price.

These thoughts originate in our following of Jim Sinclair, who has always maintained that the bullion banks will be the one’s making the lion’s share of the profits in this great secular gold and silver bull market.   One thing the bullion banksters are not is dumb, and they can see the writing on the wall for the US dollar as well as any SD or ZH reader.

New commentary from a bullion insider who claims to have personally managed the movement of 27 million ounces of gold from HSBC’s vaults into JP Morgan’s seems to substantiate Sinclair’s claims.

The industry insider has come forward claiming that JP Morgan’s paper short position is in fact a hedged trade (as Blythe Masters claimed here)- and claims that JPM is in fact MASSIVELY LONG PHYSICAL GOLD AND SILVER HELD IN THEIR OWN PRIVATE VAULTS while short the paper futures market. 
Is JP Morgan actually a double agent shorting the paper metals market for their own benefit? [Read more...]