manipulation
Play

In this week’s Metals & Markets, The Doc & Eric Dubin break down the week’s action discussing: 

  • First Majestic Silver takes on the cartel- holds back 35% of Q3 silver production- CEO Keith Neumeyer issues call for silver miners to form their own cartel to put an end once and for all to paper manipulation
  • Russian/ US Geopolitical crisis escalates- Putin warns of MAJOR CONFLICT with US, loss of reserve currency status for dollar
  • Swiss Gold Referendum- could a YES vote shatter the cartel’s grip on gold? 
  • Silver market tightens- premiums are on the rise as Royal Canadian Mint begins allocating silver maples, major private mints running production delays on PHYSICAL metal
  • Gold predictably capped at $1250- whats next for gold & silver? 

The SD Weekly Metals & Markets With The Doc & Eric Dubin is Below: 

Zeal020113ASubmitted by Adam Hamilton, Zeal

A MUST READ analysis of global silver mining production since 2001 over the world’s top silver producing nations.

Over the course of silver’s secular bull, the miners have steadily increased production in order to meet fast-growing demand.  And in 2012 while US production declined, global silver mine production exceeded 24k metric tons (770m+ ounces), an all-time production high and 28% increase over 2001.  As an investor interested in silver’s structural fundamentals, this rapid growth begs a question.  Where in the world is this silver coming from?

By SD Contributor SRSrocco:

While it is true that the gold & silver miners have underperformed the bullion… I believe we are going to see a different story in these stocks in the next several years.  Right now, you can’t give the da*n things away.  Of course, it’s not as bad as the end of 2008… early 2009, but the sentiment is pretty bad.

I believe the gold and silver miners have been hammered… yes.  I disagree with many of those on KWN that the stocks are way UNDERVALUED… they AIN’T

I believe the stocks are being properly valued to the price of the metals… however, we all know the metals are manipulated.
Once we start to see the revaluation of GOLD to some trade settlement backing and we have a devaluation of the dollar, there will be a huge run into precious metals… probably before hand as well as the stocks.
Money will have to flow into gold and silver stocks.