Marshall Swing: Speculator Short Shakeout in Silver!

my-shorts-on-fireDuring this past COT period we see in silver that price flat lined during the first part of the period then on Thursday evening after hours there was an explosion upwards. 
This is what I call a speculator short shakeout on the part of the commercials because price had been deteriorating more than they desired.   Thus, we see in the COT the large speculators covered 4,526 shorts.
Simple, dear Watson…
Both the producer merchant and the swap dealers picked up similar amounts of shorts at higher prices after the short shakeout. 

In gold, we see a very similar short shakeout...

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Harvey Organ: Banking Boys Are in Real Trouble- Massive Derivatives Crisis Looms in Gold!

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end badlyHarvey Organ joins the show this week for an EXPLOSIVE and MUST LISTEN Metals & Markets discussing: 

  • Massive US gold exports: NY Fed stealing sovereign nations gold- Harvey states ALL CUSTODIAL GOLD AT NY FED has now been shipped to China! 
  • GOFO Negative & silver backwardation with huge physical premiums in Shanghai- shortage looms
  • Death-blow to the dollar- Russia/China $400 B Gas deal a decade in the making is official
  • Eric Dubin explains how after years of rumors, COMEX default could come this summer!
  • Eric makes the case for a 50% upside move in silver coming in 6 months, while Harvey states that the cartel is nearly down to their last ounce of gold, & AN OVERNIGHT REVALUATION OF GOLD TO $4,000 WITH NO-BID SELLERS IS COMING IN 2014- PERHAPS AS EARLY AS JUNE!!

“The fun starts when the run on COMEX begins- $1.4 quadrillion in derivatives will burst in 2014 in a full-blown implosion! -H.O. 

The SD Metals & Markets With The Doc, Eric Dubin, & Guest Host Harvey Organ is below: [Read more...]

The Empty Vaults of London- Fractional Bullion System to Fail Before End of 2014?

empty-vaultWith the price smashes of the past few weeks, the increasing desperation of the bullion banks seems palpable.
I now believe that we are truly witnessing the end of the era. We’ve all been waiting for the day when the fractional reserve bullion banking system would fail. I believe now that that day is very close. Maybe not next week or even next month but NOT 2017, either.
Sometime very soon, likely before the end of 2014. [Read more...]

THE FORCES THAT WILL PUSH SILVER OVER $100

*Editor note: With sentiment near all-time lows for the entire bull market, we thought it apropos to bring back SRSrocco’s viral, comprehensive FUNDAMENTAL ANALYSIS on the forces that will push silver over $100/oz. 
PLEASE CHECK YOUR EMOTIONS AT THE DOOR AND REVIEW THE FUNDAMENTALS!

There are tremendous forces at work that will push silver over $100 an ounce.

According to the  2012 World Silver Survey, total global silver investment demand has risen from only 31.6 million oz in 2002 to a staggering 282.2 million oz in 2011.  As world economic fiat based monetary system continues to deteriorate, investors are taking delivery of physical silver rather than holding on paper contracts that may not be backed by any metal whatsoever.

This has created a run on the LBMA… the largest metal exchange in the worldOnce the world ‘s liquid energy supply starts its inevitable decline from its current plateau, annual silver metal production will decline as well.  There will be no silver glut and there will be no silver available when the world’s fiat monetary system finally dries up and blows away.
Get ready.  The forces for pushing silver over $100 have just begun. [Read more...]

While All Eyes Are On Gold & China, Silver Could Be The Tipping Point

fiscal cliffFundamentals for gold and silver have become the incense of reality for Westerners.  The primary focus is on how many tonnes of gold China has been importing for the past many years, the depletion of available stocks from the central bankers straw men, aka the LMBA
and COMEX, the number of coins sold by various governments to the public.
People are focusing on the price of PMs, treating gold and silver as vehicles for increasing in price relative to their cost of purchase.  It is the reason for buying and holding gold and silver that matters.  As a consequence, attention is paid to what people think should happen to the price of gold and silver, and not on the reality of what the artificially suppressed market is showing.
Know this:  It does not matter what you pay/paid for owning physical gold and silver.
Price is temporary; physical is permanent.

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RED ALERT: Coming Currency Collapse & Bullion Banks Rush To Increase Registered Gold Inventories

Comex Registered Gold 20614The warning signs are increasing as the death of the Global Fiat Monetary System approaches.  The bullion banks lost 88% of their Comex registered gold inventories over the last year and are now rushing to build their stocks to satisfy future deliveries.
As the chart below demonstrates, since April of 2013, the Comex Gold Registered Inventories have declined 88% from 3 million oz to a low of 369,212 oz at the end of January.
In just the past three days, the bullion banks transferred nearly 200,000 oz of gold from their Eligible inventories to their Registered in a desperate effort to avoid default.  The bullion banks only had 439,900 oz of registered gold in the inventories on February 4th.  During the next three trading days, the bullion banks transferred 197,590 oz  from the Eligible to the Registered category. It is quite interesting to see the bullion banks rush to add 200,000 oz while the majority of contracts standing for physical delivery in February were settled with cash.
Will the bullion banks be able to stave off a February default in COMEX gold?

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Harvey Organ: 20 Tons of Gold “Kilo Bars” Withdrawn From JPM Vaults & Headed to Hong Kong!

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Gold VaultHarvey Organ joins the SD Weekly Metals & Markets Wrap this week to warn of a possible February COMEX Gold Default:

  • Continued decline in “registered” gold inventory at the COMEX- 2o tons of gold “kilo bars” withdrawn from JPM vaults headed to Hong Kong!
  • 2014 will mark the year where physical forces deep “managed retreat” in the least
  • Geopolitical and Global Macro review:  From MyRA & pension fund confiscation to Ukraine & Emerging Markets
  • Fed Taper Review- Eric believes the Fed will overshoot tapering to $50 billion/month, while Harvey believes Wednesday’s taper will be the last
  • Harvey discusses why February may very well see strains to the point of the long anticipated COMEX default in gold!

The SD Weekly Metals & Markets with Harvey Organ is below: [Read more...]

JB Slear Asks: Is the Paper Ratio in Silver & Gold Much Wider Than 100 to 1?

paper goldCurrency historian Andrew Gause has informed me that one of his sources thinks the ratio of 100 pieces of paper to every real contract of (1) Gold is being expanded and could be up to as much as a 400 to 1 ratio.
With 80% plus of the products gone from the Comex warehouses since April of last year, the CMEGroup no longer guaranteeing the Comex inventory count, the constant buying from Asia,  their (Singapore and Hong Kong) opening up of the warehouses that promise open disclosure,   and the total lack of trust of the USA’s government both within and without, why not?
The real answers will come in time and most likely when the bank vaults are completely empty.   What can we do as individuals?   Take delivery of Silver and Gold and get it out of the system before China and India take it all with the approval of the western banking system!  [Read more...]

Ranting Andy: COMEX is in Default on December Gold Contract!

no deliveriesRanting Andy Hoffman joins the SGTReport to discuss the COMEX and the fraud that is paper gold.
The COMEX is one very bad joke. And technically speaking, the Comex is in DEFAULT on the December contract… and the whole world knows it. [Read more...]

COMEX Gold Stocks At Record Lows As SGE Volumes Surge 61%

EmptyVaultThe supply demand fundamentals of the gold market remain sound with the flow of gold from West to East.
COMEX gold stocks have fallen to new record lows, showing demand for physical bullion remains very robust. Indeed, the scale of the fall in COMEX gold stocks since 2007 and which accelerated in early April 2013 is important to note.
Conversely, on the Shanghai Gold Exchange (SGE), volumes surged in the year 2013, particularly since the peculiar, sudden price drop in April and volumes traded surged 61% year on year.
In addition, the London bullion market has seen intermittent shortages of 400 ounce gold bars. Traders said the shortage of London Good Delivery Bars was pushing premiums for physical delivery for 400 ounce bars as high as 50 cents! [Read more...]

Big COMEX Gold Withdrawals & New Record Low Dealer Inventory

Registered Gold Inventories 10914 NEW RECORD LOWAfter a brief pause in the decline of Comex Gold inventories, it looks like it has continued once again as there were several big withdrawals over the past few days. 
Not only was there a large removal of gold from the Comex today, the Registered (Dealer) inventories are now at a new record low. [Read more...]

Is JPM Stashing 2 Metric Tons of Gold Kilobars Per Day on Behalf of China?

What if the twenty metric tonnes of gold deposited into JPM’s eligible vault over the past two months really is 20,000 Kilobars, of the 999 fineness variety?
Why would JPM be holding, at a minimum, 20 metric tonnes of Asian Kilobars in their NY vault- could these have been acquired for a big Asian client (China)?
If so, this gives credence to the idea that JPM’s client is China and, by extension, China is the big NET LONG on the Comex, converted from NET SHORT after successfully driving price down by over 30% in the past year!
If you were buying that much gold and had easy access to smash the price first, wouldn’t you do it that way?
I’ve often stated that JPM’s verifiable NET LONG Comex gold futures position is a market corner and it gives them the ability to break and take control of The Comex at a time of their choosing.   If this position is actually China’s…well, that certainly changes the dynamic a bit, doesn’t it?
And now JPM (China) is stashing away 2 metric tonnes per day of Asian-standard Kilobars? [Read more...]

MUST LISTEN: On the Cusp of HISTORIC COMEX EVENTS – Turd & Doc Roundtable

historic eventsDON’T MISS THIS ONE:We are on the cusp of something historic happening on the Comex,” says TF Metals Report’s Turd Ferguson.
In this SGTReport roundtable discussion which also includes the Doc from Silver Doctors, we examine the strange recent purchase of gold contracts with a $3,000 strike price in 2015. We cover the PROVEN Gold and Silver manipulation with the London fix, we chat about the new gold-backed crypto-currency known as e-gold, and we finish with the gripping story of the very real drain of PHYSICAL from the Comex.
According to Turd, ‘We know that for the first time anyone can remember, the US banks are net long Comex gold futures, US banks meaning JP Morgan. And net long to the point of having CORNERED the paper gold market in New York because the position is so large. I’m talking the extent of 20% of open interest. And now we’re heading into the December delivery period [Read more...]

COMEX GOLD INVENTORIES PLUNGE TO NEW LOW!

COMEX GOLD new Low 92413It looks like the stagnate two month bottom in the Comex Gold inventories is now over as a huge withdrawal from HSBC has taken the total warehouse stocks to a new low not seen since 2006.
173,358 oz of gold were withdrawn from HSBC’s Eligible category.
This single withdrawal was so massive that it would have totally wiped out Brinks, HSBC, Scotia Mocatta, and most of JP Morgan’s Registered inventories. [Read more...]

Chart of the Day: Where Has All the Gold Gone?

chart of the day gold plungeToday’s MUST SEE Chart of the Day examines COMEX warehouse registered gold inventories vanishing act, as registered gold has plunged from 3.5 million ounces in 2012 to 663,002 today! [Read more...]