Gold & Silver: Stay the Course!

OLYMPUS DIGITAL CAMERAIf you were to base your decision-making on news alone, one is not making any money from buying gold.  Does that mean one should refrain from buying it?  The best answer comes from knowing your objectives.
If you want security from the out-of-control fiat spending of all Western governments, then yes, this continues to be the time to buy gold, [and silver].  In addition to the insane and unprecedented creation of “money out of thin air,” world-wide events are turning darker and darker.  Gold and silver remain one of the best means for attaining financial peace of mind, and one of the best forms of wealth preservation.  In this regard, price is of no consequenceOwnership is.  
Stay the course.

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Alasdair Macleod: Paper Currencies Face Ultimate Collapse- Loss of Confidence in the Dollar Could Propel Silver to $75!

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launch rocket verticalLondon expert Alasdair Macleod returns to the SD Weekly Metals & Markets with his brilliant PM analysis, including:

  • Chinese 2013 gold demand 7,603 tons- More than DOUBLE Global Supply & mainstream estimates!
  • Macleod states that China’s total gold reserves (public & private) may be between 10 and 25,000 tons of gold!
  • Vaulting companies have never seen a 1 kilo (9999) gold bar- not one ounce is leaving China!
  • Gold being delivered from Western vaults has turned dirty- (barely .9 gold):  Bullion Banks Now Scraping the Bottom of the Vaults to Source Asian Gold Demand!
  • Swiss Refiners are working 24/7, with up to 20 tons a day being sourced to China via Switzerland alone!
  • We discuss plunging GOFO rates: Macleod explains that the London Market has been Effectively Cleaned Out of Gold Below $1300, & that No One is Willing to Arbitrage the Negative GOFO Because There is No Bullion Available! 
  • Alasdair provides his short & long term outlook for gold & silver, & states that Paper Currencies Face Ultimate Collapse, and that the Coming Loss of Confidence in the Dollar Could Propel Silver to $75!

A Special Extended Edition Metals & Markets With Alasdair Macleod is below: [Read more...]

Are You Prepared for a Bull Market that Will Shock Even the Most Ardent Goldbugs?

gold bullJay Taylor understands why investors in gold and gold equities are consumed with caution. But the publisher and editor of J. Taylor’s Gold, Energy & Tech Stocks and host of the radio show “Turning Hard Times into Good Times” urges them not to lose sight of the big picture.
The big, bull-market picture. Gold juniors with cash and good projects are trading at tiny fractions of their worth. But not for long. In this interview with The Gold Report, Taylor argues that we are on the cusp of a bull market for the ages and suggests eight junior candidates for mind-blowing multiples.

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GOFO Plunging Again- Indicating A Big Move in Gold?

freefallThe oppressive and illegal manipulation of the gold market is starting to show unintended consequences again.  At the beginning of April the LBMA (London) gold forward rate (GOFO) turned negative again.  It’s been getting more negative every day this month.
From January 1, 1989 – July 7, 2013, there were only seven days in which a negative GOFO was observed.   But since 7/7/2103, GOFO has been negative more than 55% of the time.  In other words, the market for physical gold that can be delivered into the custody of the buyer has never been tighter. [Read more...]

Why Goldman Sachs Is Highly Motivated To Low-Ball The Price Of Gold

The distinguished analysts from Goldman Sachs have reiterated their 2014 forecast for gold to hit $1,050 by the end of the year.
Goldman has a serious motivation for throwing the paper price of gold under the bus.  You see… Goldman is by far the weakest and most vulnerable bank when it comes to its Assets to Derivatives ratio.  Not only does Goldman rank DEAD LAST compared to the other banks in this ratio, it does so with flying colors. [Read more...]

Gold Crash Anniversary Day

silver crashGold is holding up reasonably well, considering that Indian buyers are so focused on the election.
Generally speaking, this is the weak season for gold. Also, the April 12 – 15 period is when the gold market crashed in 2013. As we saw Tuesday, Nervous participants tend to be sellers around the anniversary of such events. [Read more...]

Bullion Banks Attempting to Set Up Specs to Take the Blame for Coming PM Futures Massacre!

silver smashThe disaggregated COT numbers reveal all the action last week was in the producer merchant, the evil bullion banks as we know them and “love” them (loathe them actually), and they added 5,960 longs and 7,018 shorts. 
The bullion banks are reaffirming their intention to massacre the metals price and they do this for no other reason than to encourage the speculators to purchase more shorts.  This is resulting in more and more commitment to the downside by the speculators who will be blamed for the crash to come! [Read more...]

Gold and bail-ins

Blythe Masters Jamie DimonI am often asked whether or not western governments are likely to confiscate gold, and my answer has invariably been on the lines of “unlikely at the moment, because so few people own gold”.
However, given low stock levels in western vaults and that bail-ins are on the agenda, the answer to the question should be reconsidered. [Read more...]

Are Dimon & JPMorgan Throwing Blythe Masters Under the Bus?

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BlytheThe Doc & Eric Dubin are back for the Metals & Markets to discuss:

  • Gold & silver capped by the cartel at $1300 & $22- is a big move on the horizon? 
  • The Dollar’s death by a thousand cuts suffers numerous flesh wounds as Russia prepares major oil deal with China
  • The Doc updates listeners with the state of the physical gold & silver market in the US via the eyes of SDBullion- Silver Eagles live in stock with all the Authorized Mint purchasers for the first time in 2014!
  • Blythe Masters reportedly under investigation by Federal Prosecutors in Manhattan- will Blythe Masters be the first top level banker convicted in the aftermath of the financial crisis? 

 The Doc & Eric Dubin discuss all this and more in the latest SD Weekly Metals & Markets:

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Alasdair Macleod: China’s Demand For Gold Has Trapped The West’s Central Banks

china bank runIn the rest of the world and particularly Asia, people do not think like we do. As far as they’re concerned, gold is the only long term asset worth holdingIt is the family pension fund… the financial press in the West, the mainstream media, basically rely for their information on analysts in the bullion banks. And the bullion banks are always short… Now whether the West is right or wrong is not the point. The point is there are 4 billion people in Asia who have got a very old-fashioned view of gold, and they have become wealthy over the last twenty years. And their view is likely to prevail against the <1 billion of us in North America and Western Europe. I mean it really is as simple as that. It’s not a question of Austrian economics, or Keynesian, or whatever. We’re outnumbered. [Read more...]

Former Treasury Official: Gold & the Dollar Are in a Fight to the Death!

cartel raidFormer Assistant Treasury Secretary, Dr. Paul Craig Roberts says, Gold and the dollar are in a fight to the death.”  Dr. Roberts explains, “The Fed, in order to save a handful of banks too big to fail that are the mindless deregulation of the 21st century, the Fed has had to create a tremendous number of new dollars.  Despite the fact the price of gold has been pushed down since 2011, it still has about the highest rate of return of just about anything in the 21st century.   The Federal Reserve, in order to protect quantitative easing, which is necessary to save the banks, began manipulating the gold price in a new and more intense way.  They used their bullion banks to short the gold in the COMEX futures market.  The trouble with this policy is that it’s been going on long enough that it’s being recognized by people who formerly thought ‘the Federal Reserve would never do anything like that.’  Of course they would and people are catching on.”
Dr. Roberts goes on to say, “This is why the Federal Reserve is so irresponsible.”  So are the Fed and Obama Administration trying to crash the dollar on purpose?  Dr. Roberts says, “No, they are just stupid and arrogant. . . .  If you add up the IQ of the White House and you add up the IQ of the Fed and multiply it by a thousand trillion it might equal 50.  These are stupid policies designed to completely destroy the U.S. dollar. . . . I don’t think the United States can win the war against gold.” Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts.

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Is Desperation Setting In?

untitledAfter the metals staged their usual overnight rally while the physical gold hoarding Asian markets were open, Wednesday morning featured two HFT-algorithm flash crashes. One at 7:00 am. EST and one right at the Comex open (the latter occurs at least 85% of the time).
The intervention in the gold/silver market reflects desperation from the western Governments/banks, especially the U.S., in order to prop up the U.S. dollar.   Russia and China are getting ready to sign a series of gas/oil deals which will be transacted using rubles/yuan.  Russia’s main bank just signed up for China’s equivalent of Visa/Mastercard after the U.S. sanctions restricted the use of Visa/MC in Russia.

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Deposit Insurance System Will Increase Physical Gold Demand in China

china goldAs Western economies become more and more policy and stimulus driven, socialist China is becoming more market driven, preparing to withdraw official support and let defaults occur to clean up malinvestments and unviable businesses.  The first corporate bond default in history happened past February (2014).
Efforts to carefully move towards market driven mechanisms are introduced to the people as government guarantees will slowly be withdrawn, depositors are stimulated to investigate and seek ways to protect themselves.
The defensive nature of gold in the face of defaults is highlighted. This article concerns depositors, but we should be on the watch for signs that banks themselves are encouraged to hold gold as hedge against financial risks: for this hedge to be effective, the value of gold must rise by a large magnitude to make up for any such systemic losses if official bailouts are to be avoided. This would mean that a large rise in the price of gold is implied in the policy!

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SRSRocco Reveals The Grand Deception In the Precious Metals Industry

debt chicaneryMany precious metals investors are being deceived and they don’t even know it.
There is so much fraud, manipulation and deceit taking place in the economic and financial markets, its amazing the system hasn’t collapsed already.
However, there is another big problem taking place in the precious metal industry that has frustrated me to no end.  This is what I call the “Grand Deception.
Let me explain…
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Alasdair Macleod’s Renewed Estimates of Chinese Gold Demand

Bundesbank goldI have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic information in the context of China’s gold strategy has allowed me for the first time to make reasonable estimates of vaulted gold, comprised of gold accounts at commercial banks, mine output and scrap. There is also compelling evidence mine output and scrap are being accumulated by the government in its own vaults, and not being delivered to satisfy public demand.
The impact of these revelations on estimates of total identified demand and the drain on bullion stocks from outside China is likely to be dramatic, but confirms what some of us have suspected but been unable to prove.
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