bank burned

This past week, we have seen the amazing change in Swiss monetary policy removing the franc from its peg and the result is MASSIVE, uncontrollable losses on the part of many.
Analysts all over the world are speculating trillions of dollars will simply go up in smoke.

And the Swiss happen to make their announcement right before the world economic forum in Davos begins!
What impeccable timing…

Coincidence?  I think not.

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Buy physical with every ounce of cash you have.   Close out all investments you have for cash and buy physical.
Leave no stone unturned.  If you have equity investments and can’t let them go right now because the market keeps going up – sell them by June at the latest and buy physical!

The crash is coming and only a hard asset can protect wealth…  -Marshall Swing

silver demand

This is an engineered depression and it is well known in the worst of times capital will return to the West and rush into bonds and hard assets when the fear of currency collapses becomes reality.
I am no longer optimistic price will be allowed to rise much this Spring and this bottom is growing more large every month and has not returned to the previous 2 year bottom range so $18 may be the highest price in silver we see before the September/October crash and rebound.

my-shorts-on-fire

The Commercials have been hunting for the correct price point to get Speculator shorts unloaded and they found it.
Pain tolerance reached its limit and some of those shorts covered were bought at much higher prices.  Just a couple of weeks ago we hit a low in silver of $14.15 and this past period we see price hitting $17.35 as over 6,700 Speculator shorts are torched for losses – some approaching $3 an ounce!!!

The picture I want to leave you with this week comes from November 4th COT numbers and are in the 2 pictures, silver followed by gold, at the very bottom.
The Large Speculators have been raped, pillaged, and sacked.
Commercial mission accomplished as those Large Speculators were robbed of about 54% of their naked shorts.  

cliff edge

Notice the abrupt halt to the precious metals “rally”.  If the price spike was caused by enormous Speculator long buying enthusiasm, we would still be watching PM prices shoot or drift upwards.  This was a Commercial exercise, pure and simple.
It is very indicative of what will happen next year on a far larger scale where Speculator longs will be pounded “in the blink of an eye” by a Commercial short covering of gargantuan proportions.
Price will descend into the abyss for moments while pre-programmed Speculator short buying eats up shorts all the way to the bottom as Commercials gladly take the longs and the temporary “losses” and then WHAM price rebounds upward just as suddenly as it dropped.  But this time there will be no upper limit.

Price might just be about $14.15 (elite telegraphing the future?) this time next September when this event happens and may well dip into the $8 handle but when price rebounds minutes later it is not going to stop at $16.15 on it’s way to $100, $500, and beyond as trillions of dollars of paper fiat rush into commodities looking for a safe haven from what appears to be the repeat of the 2008 c rash.

shorts

This week’s COT report in gold reveals that the large speculators (non-commercials) having their shorts ripped off them as they flee their positions in fear (or stops were tripped by the sudden price jumping “up like a ROCKET” and they could not cover certain short positions fast enough.
But which short positions did they cover, the recent short positions taken or the ones taken at much higher prices? What we see in the commercials is BUYING.  
What we see the day after the COT Week is a MUGGING.
They are masters at this game and the hard and fast rule is THE HOUSE ALWAYS WINS.

my-shorts-on-fire

SERIOUSLY, are you watching this manipulation set up?
I have written numerous times over the years that they do exactly that sort of operation taking both sides of the bet because you are about to see what appears to be some market volatility but is in fact planned, calculated, pre-fabricated volatility that will shake up the speculators from both ends of the price war and leave them dazed and disoriented and trying to regroup.
After the COT week, we saw some incontrovertible evidence of this on Friday as price jumped up like a ROCKET.
I will step out on the plank now and tell you some speculators got scared out of their shorts on Friday. 
Happens every time.  

1241611

All speculators should cover all the shorts they have right now to secure MASSIVE profits!
But they won’t.  Why?
The speculators really believe they can force the Commercials hand and pin their positions on them but that is not mathematically possible.  They sense and even smell the blood of far lower spot prices in the future and they are determined to hold the mass of shorts for that payday.
Failure looms in their future as metals will not be allowed to crash until September of next year and it will not be the speculators who profit then but the Commercials who crash it in a few minutes, cover all their short positions as speculators and day traders give up their longs, then those Commercials go extreme long into the most incredible price rise in the history of any commodity (or equity).
The die is cast.

HarveyOrgan1

The bankers came to work early yesterday in the access market knocking both metals down.
However throughout the night, gold rose nicely and then at 12 noon today, something spooked our bankers as gold rose to $1165 only to be repelled back to $1163.00 on closing.  However late in the access market, gold again rose to $1173 upon which it was easy for our bankers to offer naked contracts and lower the price to $1164.00 at access closing time.  Something is spooking our bankers!!
Let’s head immediately to see the major data points for today:

HarveyOrgan1

The manipulators have thrown all their cards on the table.
I warned on Wednesday to expect severe cartel intervention over the second half of the week.
Let’s head immediately to see the major data points for the day: 

Bernanke-Dimon-Fed-Tunnel

We are in a bottom for sure.  How long will it last is anybody’s guess- but silver stackers need not worry.
This is only a question of how much fiat can you raise in order to purchase hard core, hold in your hands bullion to hold for a couple of years through the greatest worldwide total economic collapse in history and the institution of a one world government and one world currency.

They simply must destroy the U.S. dollar along with all the world’s currencies otherwise the many that hold USD would retain power and that means many nations and small businesses that oppose them.
“The Powers That Be” want it all for themselves!

HarveyOrgan1

Gold & silver were whacked by the cartel in the access market today as Janet Yellen and the Fed announced QE will end at the end of the month. 
Expect gold and silver to be under the weather for the remainder of the week.
Let’s head immediately to see the major data points for today: