- DOW Plunges 500 Points Friday, 1300 Points on the Week- Is a Global Financial Collapse/Panic Underway?
- August Silver Open Interest Surges, Stands For Immediately Delivery of 35 Tonnes: Who Needs Immediate Delivery of 1,135,000 oz of Silver in a Non-Delivery Month!?!
- Doc Explains the Mechanics of Hedging, and Why SDBullion Believes in Physical Metals, Not Hedging Sales to Dollars With Paper Gold and Silver Shorts
Eric On Greece: Why GREXIT Finally Arrives in 2016
The SD Weekly Metals & Markets With The Doc & Eric Dubin is Below:
How do you mention manipulation without actually saying it? Well, if you work for Kitco and your name is either Neils Christensen or Peter Hug you do it this way:
Christensen: “The one bright spot for the precious metals market appears to be the physical market as the U.S. Mint reported a 469-percent increase in July coin sales compared to last year.”
As you know, Martin Armstrong has been saying some pretty damaging things about those of us who believe in and fight the gold and silver manipulation operations.
He continues to blame US for people losing money for investors when he should be fighting WITH US and blaming those that rig the markets for the losses.
The lower price of gold has triggered an avalanche of physical gold accumulation both globally and in the United States. This means that the behavior of the gold holdings of the GLD Trust are behaving inversely to the observed behavior of the global market for physical gold – i.e. the amount of gold held in “trust” at GLD should be rising, not falling.
The ONLY explanation for this is that GLD is being looted by the bullion banks.
The elites want to destroy your belief in the value of owning golf and silver, and they have reenforcing price down despite the overwhelming demand for both. That should embolden your resolve even more. For how much longer this can go on, no one knows. What you can know with a great amount of certainty is that Newton’s 3rd Law of Physics will kick in: for every action, there is an equal and opposite reaction.
This assures you that the distorted action to the downside will reward the faithful with an equally distorted reaction in the opposite direction. It is a matter of time.
The blatant manipulation of the gold market in conjunction with the rabid dissemination of anti-gold rhetoric from both the financial press and Wall Street reeks of desperation – desperation to keep a lid on the one market signal that would undermine the elitists’ perpetuation of the U.S. dollar-based systemic Ponzi scheme which enables them to loot and confiscate middle class wealth.
- Metals Drive-By Shooting As $2.7 Billion Notional in Gold Dumped in Nanoseconds: “This is financial repression at its finest!“
- CAPITULATION Bottom In Progress– Absolute OBLITERATION in Mining Sector!
- Manipulation & MOPE Went Into Overdrive! I’ve never seen such a coordinated attack on gold in the media!
- Sunshine Mint SUSPENDS SALES OF ALL SILVER BARS AND ROUNDS, & the RCM SHOCKS Distributors Friday By Announcing 90% Decrease in Silver Maple Allocations!
- Embry Explains Cartel Gets Aggressive Because “We Are Getting VERY CLOSE TO THE END“
- Just a Retail/ Minting Shortage? “There is a WHOLESALE SHORTAGE!…There’s so much misinformation in the markets!”
Sprott’s John Embry Provides MUST LISTEN Analysis On Metals Capitulation & Shortage Below:
The demand numbers I’ve seen are way beyond the supply. I think that Western central banks surreptitiously make up the missing supply and that someday they’re going to look in the cupboard and realize that it’s bare.
So far, everyone in the press is downplaying gold but I haven’t lost any conviction whatsoever.
The anti-gold propaganda took on extraordinary proportions last week as a prelude to Sunday nights vicious paper raid on the price of gold. The media’s anti-gold media terrorism culminated with this silly, farcical article entitled, “Let’s Be Honest About Gold: It’s a Pet Rock”… Perhaps the most absurdly misleading article ever written about gold.
I am convinced that the effort to push down the price of gold, and the corresponding media effort to publish highly misleading and negative reports about gold is directly related to an effort to cover-up the fact that the U.S. is systemically starting to collapse.
A client of mine, a jeweler just called. His refiner called him – looking to buy gold or silver. The refiner has very tight stock. My client buys “shots” to melt and builds into rings etc. His refiner volunteered info on the selling this am – says the system is manipulated, which shocked the client only in that it was openly admitted. When my client’s refiner needs product you know there is a shortage. This is the first time in 10 years this refiner said there were shortages. – A colleague and friend of mine who manages high net worth accounts
The tail end of the June / July Final Capitulation wave down to wipeout and frustrate any remaining Gold and Silver Bulls before a NEW Bull market suddenly arrives that leaving all but the permabulls behind is right before us here and now.
The Gold & Silver Paradigm Shift with Price Explosion referenced in prior updates continues to be expected before the end of this month with a powerful vertical move in both Gold and Silver, while the stock markets fall.
It has been a long 4-year road… our time is almost here!
It appears the waterfall capitulation even we warned could occur on Sunday’s Asian open has begun, as gold has just plunged over $50 in nano seconds to $1080…
What if the withering selling pressure devastating gold and silver this summer is artificial? What if the traders dumping the precious metals don’t actually own them in order to sell them? What if 2015’s apparent glut of gold and silver has been mostly borrowed first and then sold? And what if these short sellers used extreme leverage to dump these metals? This scenario radically changes precious metals’ outlook.
A record short-covering frenzy is imminent…
- Eric Breaks Down the Numbers and Explains Why Friday’s Chinese Announcement Updating Gold Reserves to 1658 Metric Tonnes is a TOTAL JOKE!
- Silver Smashed to $14 Handle and Gold Closes Week at Bear Market Lows- Are the Metals Headed Over the Cliff for Final Capitulation Crash on Sunday’s Globex Open?
- Is Greece Over, Or Are We in the Eye of the Hurricane?
- Physical Silver Mainstays Go NO OFFER At Authorized Distributors and Wholesalers!
The SD Weekly Metals and Market With The Doc & Eric Dubin is Below:
The price level and trading activity in the precious metals market – gold and silver specifically – has reached mind-blowing absurdity. Make no mistake about it, the fact that the U.S. mint had to suspend sales of 1 oz Silver Eagles until at least early August is DEFINITIVE EVIDENCE that the natural market function of price as a mechanism to balance supply/demand has been completely destroyed by the western Central Banks using the big bullion banks as their agents of manipulation.
This scheme too will blow up in their face just like Long Term Capital, Enron, Bear Stearns, Lehman, AIG/Goldman. The taxpayers will be bailing out the banks – and now we know why Citigroup wrote the legislation that enabled banks to move their OTC derivatives positions to their FDIC insured units – but gold and silver will go parabolic.
Last year was the first time since these records began, that world government silver sales were ZERO.
What this means is that while governments may or may not have more gold to dump onto the market, from this point on, they are out of state-owned, physical silver for all rigging intents and purposes.
Mine supply is the only card they have left, as silver’s monstrous flow, worldwide, is literally “hand to mouth”.
Meanwhile, something VERY interesting is brewing at the Comex…