The 800 pound Gorilla in the room is STILL World Champion and has not even broken a sweat in all his bouts yet – The Gold Producer Merchant! Still King of paper naked shorts…
I want to make one thing perfectly clear. We ARE NOT going to see Greece explode today and cause financial Armageddon and a bond and derivative worldwide economic collapse either today, tomorrow, this week, or next week. Greece is not going to be THE JIG that causes the dollar’s collapse.
Forget about being thirsty for physical metal my friends, drown yourselves in it while it is so DIRT CHEAP with 95%+ of every cash dollar you can muster…
The Commercials in both metals know the storm is coming…
Are you ready for the storm? Have you converted 95% of all your paper to physical gold and silver or another hard asset?
Chaos is coming…
Anarchy is coming…
Those who wait until the last minute will find themselves without a plan.
Get out of the system while you still can.
The Large Specs are believers the bottom is not anywhere close to being in plain sight but the Commercials are going to play puppet master from above and below to get them there and avoid them covering for large profits on the way down to close to September.
What happens in the near future?
I think we get a price rise followed by more price depression.
The Large Specs are betting on more depression and the Commercials will give it to them… but not too quickly.
In silver, I’ve never seen a higher Cartel gross short number. EVER.
Not in 2010. Not in 2011. Not in 2013. Last Tuesday. At $17.05. For the week, The Criminals added 18,595 new naked shorts. That’s about 93,000,000 ounces or 2900 mts!
Below is a graph (Comex June gold contract) of this morning’s attack on the price of gold and silver, which occurred shortly after 2 a.m. EST, when Asian physical markets begin to retire for evening and the London fraudulent paper market opens:
Last week I sent notes to The Doc and others indicating reversals in price direction that indicated to me the bullion banks and their minions were about to rip into spot price. That was Friday after seeing a 30 minute 7,615 contract dump, which I call a reversal where massive positions are filtered to change the puppet strings on price, from above and below.
Those Commercials are in total control. Period.
The Commercials played the long game longer than the Speculators and played the short game almost 10 times shorter than those Specs. They are masters at their deceptions.
The second 30 minute bar of this massive short covering raid now has over 7,000 contracts traded in it and it looks like Niagara Falls.
Who could have foreseen such a massive attack on metal price?
They did not need to trip Speculator gold shorts but they need the mix to be just right in silver so they could crash it.
Since that crash they have built silver back up and I believe they are getting ready to use silver to crash gold again.
As gold follows silver, gold will reach new lows.
Did you know Blythe Masters is back?
Indeed, and she is conjuring up ruthless demons in crypto currency!
Mark my words, one day a certain crypto currency will completely control buying and selling in all marketplaces:
My solution to the coming global economic collapse is to convert ALL YOUR PAPER MONEY and any you can get your hands on any way you can, into physical silver and gold before September at ANY PRICE.
The reality is that these hard assets will be used to build the basis foundation of the coming one world currency, after the global economic crash in September and the ensuing world wide chaos it causes when currencies fail, trade fails, and people do not have food.
Get ready NOW!
It looks like Austria has another potential bank problem with respect to the failure of Hypo bank.
It is Pfandbriefbank and this is another black swan that can cause dominoes to fall….
Today we had some short covering in the silver COMEX with the silver OI falling by 2175 contracts. Gold OI again rises by close to 6000 contracts. Both gold and silver rose nicely today but silver was the standout.
Our bankers are having real trouble in silver. It seems that they are going to destroy the specs in gold but they are not having their way in silver.
The big news is the continual removal of gold from the COMEX. From the start of the month 12 tonnes of gold has been removed from the customer side.
The COT report shows the commercials buying gold (and covering shortfalls) in massive quantities. It’s net short position is only 54,000 contracts. It looks like the specs are going to be buried.
Are we about to see new lows for gold and TPTB drive PMs through the floor before the Great Financial Collapse?
How Low Could Gold Go???
Friday, we had a monstrous withdrawal of 3.25 tonnes of gold inventory at the GLD/Inventory at 768.26 tonnes.
No doubt that this removal was physical gold heading to Shanghai:
Many analysts and commentators are stating that the jig is going to be up in a few days with oil issues or Greece exit, or Russia issues, WWIII, etc, etc.
THE jig is rapidly approaching and I believe we are only 7+ months from seeing all these things happen, at least the beginning of things.
You see, the real story coming is not about a financial collapse at the Shemitah, nor is it about a blood moon on September 28, nor is it about the “pope” addressing Congress. The real story is the start day of Daniel’s 70th Week (better known as the Tribulation), which I believe will begin in September of 2015.
Daniel’s 70th Week kicks off an unprecedented time in the history of man where events, plagues, death, and horror are commonplace and unlike anything seen in the Crusades or Inquisitions, or any of the World Wars or regional wars seen in all of history.
We have great analysts here at SilverDoctors are discussing the implications of a Grexit and the Russian confrontation, as well as coming currency devaluations.
While those things are happening they are not the events that are going to collapse the world’s economies and usher in the one world government and the one world currency. They are but match sticks indicating a very large fire is possible. That fire IS coming.
No, the moment is reserved for a special time and place of God the Father’s choosing.
It is His clock and timetable and it is ticking down rapidly…
Tonight’s commentary regarding the Greek ultimatum is the most important development in quite some time. If I was a betting man, I strongly believe that China and Russia have had extensive talks and they are willing to finance the Greeks.
If Greece does its GREXIT then derivatives will blow up the entire globe.
It means that the entire 320 billion euros of debt will blow up along with around 3.4 to 4 trillion of derivatives on Greece and interest rates on Greek bonds etc.
THE ENTIRE FINANCIAL WORLD WILL FALL LIKE DOMINOES…
Price goes up when the cartel wants it to and down when they want, as well. Metal price is a puppet on strings consisting of shorts and longs from both above and below. If one can learn to read the numbers , then price direction is somewhat easy to predict.
Some writers partial to Speculators were hoping for a great long rally to crush the Commercial’s vast short positions.
Ain’t going to happen. “Fugget about it!”
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.
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
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.
And now for the wild silver COMEX results from Friday’s trading: