gold bull
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Jay Taylor joins Eric Dubin & The Doc this week for a power-packed show discussing: 

  • Jay compares where the current gold & silver bull market is at, and advised investors that: In 1980 we had a massive stampede- a mania in gold.  We haven’t seen anything like that yet!
  • Endless happy days, a deflationary Greatest Depression, or a hyperinflationary collapse- whats coming for the US in the next 3 years? 
  • With gold crushed yet again on the Fed minutes’ release, Jay explains why the Fed’s con artistry is to keep people disinterested in gold with routine horrendous smackdowns 
  • Why Taylor believes the next leg up will be bigger than the 1970′s bull market, and will be the biggest percentage move in gold EVER!
  • Jay digs into Austrian economics discussing exactly how we’ve left the gold standard for a PhD standard, and explains why fiat money allows those who control the system to steal from those who create the wealth

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & Jay Taylor is below: 

drift

Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday.
The chart below, of gold and open interest on Comex, shows how the price has declined while open interest has hardly budged from its historically low level.

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The world’s leading silver expert David Morgan joins The Doc & Eric Dubin this week to discuss: 

  • The Fed tapers official QE another $10 billion- gold & silver whacked the day after the FOMC statement yet again
  • David breaks down gold and silver trading over the first half of 2014:  Gold & Silver still base building a Major Bottom
  • Is the next banking crisis beginning? Banco Espírito Santo’s share price halved on  Thursday
  • Be right and sit tight?  David explains why the PM markets will scare you out or wear you out
  • We ask David how he sees the end-game for the dollar playing out- will we see a deflationary crash, or a hyper-inflation monetary collapse,  and how will PMs protect wealth against both?
  • On the Brink?  Washington driving West towards direct conflict with Russia

The SD Weekly Metals & Markets With The Doc, Eric Dubin, and David Morgan is below:

launch rocket verticalGold is to poised ‘rise in May/June and make a TOP in June before a final summer low’.
The June 28, 2013 Gold Bottom at $1180 will hold as THE FINAL BOTTOM. 
The coming summer low will be the FINAL ENTRY LOW and the ‘Buy’ of a Lifetime followed by a Moon Shot to $2000 before year end!

Bernanke taperYellen continues QE taper down to $35 billion/month:

  • Fed to taper QE an additional $10 billion beginning in July
  • Beginning in July, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $15 billion per month rather than $20 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $20 billion per month rather than $25 billion per month. 
  • Waiting on the inevitable Gold & silver smash to commence…

Full FOMC Statement is below: 

poker big lossesRather than invest in failing infrastructure, central banks and governments are acting like hedge funds, betting on the stock market and OTC derivatives, using fiat credits that are borrowed or printed.
The bottom line: While global citizens are told to “grin and bear” austerity, their leaders are having a “good ‘ole time” spending trillions of dollars, at the stock market casino.

flash smashWe have well documented the fact that over the past few years, gold and silver are smashed on the FOMC release, with the smash nearly always culminating early Thursday morning. 
The April FOMC meeting proved no exception, as silver has been smashed to an $18 handle this morning, and gold below $1280. 

  • Bernanke taperFed meets expectations, Tapers another $10 billion, down to $45 billion in asset purchases/ month
  • Beginning in May, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $20 billion per month rather than $25 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $25 billion per month rather than $30 billion per month

Gold & silver spiking on the release…we suspect the smash is imminent

Full April FOMC Statement is below:

fill and killGold and silver have been smashed below support at $1250 and $19 this morning on a classic post-FOMC day raid.
Gold has been smashed $30 to $1237, and silver is down nearly $1 from Wednesday’s trading with a low of $18.93 before bouncing back above $19.

Source: Banzai7

Source: Banzai7

Taper or No Taper?  Will the cartel attempt to smash gold & silver below the June 28th lows of $1179 and $18?
SDLive debuts as an Open Interactive Thread for SD readers to discuss the day’s events, Bernanke’s last FOMC Press Conference, and the reaction of the markets.
The Doc, Eric Dubin, and AGXIIK will be covering the news and chatting live from 1:30-3pm EST!

Taper/No Taper Open Thread-your chance to interact directly with The Doc, Eric Dubin, & AGXIIK!
http://www.silverdoctors.com/live/

There is inevitable speculation that tapering might be announced at the FOMC meeting this Wednesday. It should be noted that this is Ben Bernanke’s swansong, and if tapering is to be announced he would probably go out with falling bond markets, falling equities and a soaring dollar, not to mention disruption of emerging market currencies such as the Indian rupee. For this reason perhaps opinion is odds-against tapering, but it doesn’t stop markets being nervous ahead of the event.

YellenThe WSJ is reporting tonight that Obama is set to announce ultra-dove Janet Yellen as Ben Bernanke’s replacement as Fed Chairman(woman) in a Wednesday afternoon press conference.
While gold and silver have not even blinked on the news in overnight Globex/Asian trading, don’t be fooled: a Yellen nomination is MASSIVELY bullish for the metals, as Yellen’s ultra-dovish monetary policy is likely to make Helicopter Ben’s reign look like Ebenezer Scrooge has been running the Fed the past 8 years.

In a release issued today by the Board of Governors of The Federal Reserve System, were details on the Federal Open Market Committee (FOMC) statement following the September 17th-18th meeting.
Within the notes a few key statements on inflation were made, which may provide clues as to the directional “bias” of commodity and share markets this winter & spring.
Bernanke’s Fed indicated that inflation rates are simply not high enough, in that, “Mortgage rates have risen further and fiscal policy is restraining economic growth.  Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee’s longer-run objective, but longer-term inflation expectations have remained stable.”

Within a millisecond of the 2pm release of the September 18, 2013 FOMC Meeting Announcement, the stock market exploded, trading nearly $400 Million worth of stock in a tenth of a second (a blink of an eye is 3 times longer), and almost $1 Billion worth in 2 seconds. Over in Chicago, futures trading also exploded, with about $5 Billion trading in a tenth of a second and more than $10 Billion in 2 seconds. The speed of this reaction stood out in stark contrast to previous FOMC (Federal Open Market Committee) releases. To get a sense of how unusual the September 18 reaction was, we pulled data from the two previous FOMC releases (June 19, 2013, and July 31, 2013) for comparison. It’s hard finding superlatives to describe just how unique September 18 was.
A few articles covering this are focusing on trading in Gold. We singled out gold, is because it was one of the few instruments with high activity in the minutes before the 2pm announcement. This high activity preceeding the release allowed us to verify that the exchange time stamps we used later, were accurate.
It wasn’t just gold. It was everything that traded. In fact, the 1/100th of a second after 2pm was the most active 10 milliseconds in the history of the U.S. Stock an Futures markets.