Notice the silver commercials added over 50 MILLION ounces net short!!
Notice the silver commercials added over 50 MILLION ounces net short!!
However, the real story is in gold as silver just reacted to what gold was doing.
This sustained rally might get smashed with a short covering as the banks cannot allow this speculator long buying to get out of hand. [Read more...]
Even Dennis Gartman, not known to be a Gold Partisan, can recognize Investment-Significant Market Realities when he sees them:
1) Gold is now launching into a Bull Trend, but a
2) “material seller” has been “stopping its advances each day”
While he has not been so candid in identifying that “Material Seller” as The Cartel as Deepcaster and others have long ago, he does usefully make the point that:
3) Gold, even though launching into a Bull Trend is still vulnerable to Take-down by that “Material Seller”
But the Takeaway Market Reality from all this is that it provides an Opportunity – we know Gold is going higher, so use the Take-downs as a Buying Opportunity. [Read more...]
The Golden Jackass Jim Willie sat down with The Doc for a MUST LISTEN interview regarding the markets, gold & silver, and a coming European banking collapse.
Willie made explosive allegations regarding the banking cartel, stating that the US & France launched an invasion of Mali in order to utilize Mali’s gold production to meet the Bundesbank’s 300 ton gold repatriation request.
Wille states that there is a huge shortage of the metal, and that a massive gold rush will soon be ignited, resulting in an epic short covering rally and a 50% explosion in the price of gold.
Jim Willie’s full MUST LISTEN interview with The Doc is below:
Jim Sinclair: Gold Will Run to $4990, Settle into the Currency for the Greatest Economic Expansion the World Has Ever Seen!
Legendary gold trader Jim Sinclair released a truly EPIC alert to subscribers Sunday night, in which Sinclair states that gold will trade to $4,990 in the coming bull run prior to settling into a role as currency for the beginning of the greatest economic expansion in history.
Sinclair states that the coming volatility in gold (& silver) will be unprecedented, with $1500 swings in the price of gold prior to full valuation being achieved, and gold’s new status as global currency beginning.
For the first time, Sinclair gives his target for full valuation of gold of $4990/oz, and states that the return of gold to a global monetary role will usher in the greatest economic expansion the world has ever seen.
Jim Sinclair’s ultimate economic and gold prediction is below: [Read more...]
Submitted by Bill Holter
When this thing finally blows, Gold and Silver will become more scarce and prices will move in multiples of what we’ve recently seen in the arms market. “Paper” money will come out of the woodwork looking for a place to hide and “real money” will be so far into hiding that you’ll see NONE on the street. Now that’s what “supply and demand” is all about in a real world!
Legendary precious metals expert Eric Sprott sat down with The Doc for an exclusive interview to discuss the Bundesbank’s gold repatriation request last month, and the correlation with massive physical gold buying in Asia.
Eric pointed out that the US government exported 30% of US annual gold production to Hong Kong in December alone, and stated that as there is no excess gold available in the US, all of his analysis suggests that the US gov’t may be exporting the German, Dutch, & Austrian gold reserves held at the NY Fed to China in an attempt to kick the can and forestall the inevitable financial collapse a little longer.
Eric Sprott’s Shocking interview with The Doc is below: [Read more...]
Jim Sinclair has issued a call for precious metals investors to stand together as a Band of Brothers and fight a battle royal here and now against the beasts of paper in a war being for both both gold’s and our freedom.
Sinclair urges precious metals investors to take an oath of allegiance to the good fight:
“I swear those that have caused the wreckage of all things once held dear to us shall not have my gold or gold share position. Fear is no part of me, and I will face the enemy, confident in our success.”
Sinclair urges investors to hold the faith, and not to fear because $3,500/oz gold is the next stop once the beasts of paper are frustrated in their current battle.
Sinclair’s call to arms among gold and silver Band of Brothers is below: [Read more...]
Jim Sinclair has sent email subscribers an email alert regarding the latest take-down of the gold market by the bullion bank cartel.
Sinclair states that the latest actions are not motivated by paper profits, but are an attempt by the cartel to shake free real physical gold bullion from weak hands in the cash market. Gold is going to and through $3500 in the reasonably near future. The point of this entire operation was to shake the tree to accumulate not in the paper market for gold, but real free gold in the cash market.
The gold banks are short the real Mccoy, and are desperate for precious metal investors to liquidate their physical holdings in a panic.
Sinclair states that all that is necessary to win the battle is to do nothing, ie hold on to your gold.
Sinclair’s full update is below: [Read more...]
Bill Murphy Founder of GATA sat down with Bridgitte Anderson during the Cambridge House Vancouver Resource Investment Conference.
Murphy stated that the waterfall gold and silver smashes on the COMEX open that SD readers are familiar with are terrorist attacks on the price of gold and silver! Murphy states that the cartel’s financial market terrorism causes people to be right on a fundamental trade one moment, and the next moment to lose a fortune!
Murphy also stated that JP Morgan is hitting the wall with regards to silver supplies, and that gold and silver prices are set to explode, with silver setting all-time highs in 2013, and streaking towards $100 by the end of the year!
Murphy’s full MUST WATCH interview is below: [Read more...]
Legendary gold trader Jim Sinclair has sent email subscribers another alert this weekend regarding Friday’s cartel take-down of the gold market.
Sinclair states that Gold is the ultimate battle between good and evil. It is the ultimate battle between deficits and surpluses. Gold is the battle between paper currency backed by nothing and guaranteed by nothing versus sound money. This period of the market is the deciding battle of the Mahabharata. This period, today, is an attempt to drive you out of your wits, which is in my opinion the last and largest attack you will see perpetrated on us before gold closes over $3500. This period of pain will not be measured in months, but counted in history as days. The gold banks are not stupid but they are a form of Wile E. Coyote.
Regarding the waterfall declines in the gold and silver Sinclair states that Nobody is so stupid as to announce they want to sell a major part of one year’s production of gold or silver when there is no market to absorb any reasonable part of it and that the banksters attacking gold ”are truly devils. They have not one redeeming human quality” Sinclair’s latest alert is below:
Legendary gold trader Jim Sinclair has sent another email alert to subscribers today, warning that the current reaction in gold is the big one, and the last play by the bullion banks to denude gold and silver investors of their positions. Sinclair states that fundamentally, we are approaching the period where gold and silver will achieve their greatest gains of the entire bull market in the shortest period of time, and that The paper gold market is being used to shake the bullish tree harder this time than any time before because of what is to come.
Sinclair states that the big move is imminent in gold!: We are right in front of that time when the market performs a classic bottom both in shares and physical. From this point gold is going to and through $3500.
Sinclair’s full alert below: [Read more...]
With last week’s announcement by the Bundesbank of the repatriation of 674 tons of German gold from Paris and NY over the next 7 years, we predicted that an avalanche of gold repatriation requests would soon be made to the BOE and the NYFed.
It appears that Switzerland may be next to the game, much to the dismay of the SNB. The Swiss gold initiative, an initiative to Secure the Swiss National Bank’s Gold Reserves, launched in March 2012 by four members of the Swiss parliament, has grown to 90,000 supporters.
Once 100,000 supporters are achieved, the Swiss Parliament must take up the referendum.
The initiative asserts that the Swiss people should have a right to vote on 3 things, none of which will please the banking cartel: [Read more...]
And so it begins.
Those who followed precious metals in 2011 will recall this game plan all too well:
Smash gold and silver prices using unprecedented amounts of naked paper shorts, then announce massive margin hikes (due to increased volatility) to force capitulation among any longs holding out.
After large take-downs in gold and silver in thin holiday trading last week, the Shanghai Gold Exchange announced today it will raise gold margins to 13% effective Dec 28th. [Read more...]
Jim Sinclair sent subscribers an alert today, urging PM investors to stay the course in the midst of massive cartel interventions in the gold and silver markets. Sinclair states that the downward economic spiral caused my excessive amounts of debt cannot be stopped by central interventions or media propaganda, and that there is no tool in any central bank’s tool box to fix the size of the overmuch debt problems.
Sinclair urges readers to hold tight their physical precious metals, as cartel manipulation is a sign of madness, and will ultimately fail to prevent the outcome of the economic downward spiral in progress in Western finance.
Sinclair’s full MUST READ alert is below: [Read more...]