1st Half Gold Exports from Switzerland to Asia: 600 Tonnes

Gold as a weapon in a global currency warAccording to the latest figures by the Swiss Customs Administration, the country has exported a total of more than 600 tonnes of gold to Asia in the first half of this year.
The graph below clearly shows the flow of physical gold to Asia: [Read more...]

Jim Willie: Derivatives Meltdown Looms: Gold to Arrive on a White Horse!

The 1987 stock slam that occurred was a wake-up call.   The response was the creation of a derivative banking foundation of vaporous substance.
Derivatives played a key role in the Lehman investment bank failure. In reality, it was more a planned financial murder event, orchestrated by JPMorgan and Goldman Sachs.   The Wall Street kings killed Lehman in order to pick its bones and to feed Goldman Sachs.
When big banks begin to fail, the belief has been, the risk of contagion will be the main focus. Since Lehman, the major Western banks have lashed themselves together for safety and security. They have done so with financial derivatives, the rope to connect them together.   So the next failures will put the entire system at risk of collapse.   This is the oft-described nuclear outcome, which has been brought upon by $1.4 quadrillion worth of derivatives. 
The world faces a guaranteed systemic implosion caused by derivatives.  Bank failures and contagion will lead to the widespread connected failures, and lost control by both governments and central banks to manage them. Gold will be the secure port during the stormy outcomes.
Gold will arrive on a white horse.  The return to the Gold Standard is the answer. The Gold Price will reach incredibly high levels when the derivative implosion occurs, when the East introduces a legitimate gold-backed new BRICS currency for trade settlement.  The fallout will be tremendous, as the USDollar is rejected on the global stage.

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Tekoa Da Silva: Dollar to Die Like a Lobster in Boiling Water- Asia is Ready to Eat!

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SilvaSprott’s Tekoa Da Silva joins The Doc & Eric Dubin on this week’s Metals & Markets from the Sprott Natural Resource Symposium in Vancouver discussing:

  • PM futures roller coaster: metals smashed under $1300 and $21 ahead of options expiration, but close week with a strong Friday afternoon rally- is the take-down over?
  • Tekoa discusses his journey from PM journalist and pod-caster to Investment Executive at Sprott Global- what he’s learned from the brilliant minds there including Sprott, Rick Rule, and John Embry, and how SD listeners can apply lessons he’s learned at Sprott to their investing
  • With the BRICS announcing the $100 billion central banking alternative to the West, Tekoa discusses the death of the US & the dollar as occurring gradually so as not to alarm the boiling lobster: “At some point the lobster will pass away, and be eaten by outside groups!
  • Tekoa reveals how he was able to get the  ECB’s Mario Draghi to admit central banks’ gold leasing has been unsuccessful 
  • From the stunning “Castle in the City” in Vancouver, Tekoa gives an inside update on the Sprott Natural Resource Symposium, and reveals how excited the Sprott team is about the next major bull upleg in the PM and natural resource sector. 

The SD Weekly Metals & Markets With Tekoa Da Silva from the Sprott Natural Resource Symposium in Vancouver is below:  [Read more...]

Bo Polny Signs Off: Gold’s Summer High is In, Buy-of-a-Lifetime Next, Then Massive Spike to $2k!

Get_Ready_for_SummerThe May 14, 2014 forecast for a June 2014 Top, and now officially July 10, holds as a High for Gold.
A drop into a Final 2014 Summer Low and ‘Buy-of-a-Lifetime’ opportunity is still to come. 
At the Summer Cycle low expect NO new lows to be made and the 2013 lows will hold!

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Gold: If The Worst Is Over, What’s Next?

china goldAs the Western business cycle matures, inflationary pressures tend to rise. I’ve predicted that 2014 H2 (2nd half of 2014 calendar year) would see institutional money managers and Fed officials begin to talk about growing inflationary pressures. That’s starting to happen now.
The time to be heavily invested in the precious metals sector is not later. It’s now.

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Derivatives Armageddon: Yes, Gold & Silver Will Indeed Go to the Moon!

moonThe coming derivatives collapse is one of the primary reasons the price of gold (and silver) is going to the moon. Gold will start moving well in advance of this event but it will go parabolic once it becomes obvious to everyone.
Our derivatives Armageddon series continues with Part 2 below.
In this video we discuss some of the insanity that lies behind U.S. derivatives accounting rules and how they favor the banks at our expense: [Read more...]

TOP GOLD MINERS: Yields Fall To The Lowest Levels Ever

freefallWith the results for 2013 finally in, the top gold miners average yield fell to the lowest level ever. 
This is a surprising development considering that the average price of gold dropped to a low of $1,411 in 2013. 
Normally when the price of gold falls, gold miners switch to higher grades to remain profitable.
However, the top five gold miners’ average yield declined another 5% in 2013

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Alasdair Macleod’s Market Report: Sharp Consolidation

silver crashBefore Thursday’s rise in bullion prices, precious metals were in corrective mode this week after recent rises.
There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.
This negative action occurred at the same time as a new banking crisis was developing in Portugal, with Banco Espirito Santo getting into financial difficulties.   For many gold traders, this suggested these large sales were price intervention to maintain confidence in the financial system.  For this to be true, Open Interest would have expanded on Comex reflecting new opening bear positions.
As the chart below clearly shows this cannot have been the case.

 

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Will Gold, Silver Continue Higher in 2014? -Rick Rule

Get_Ready_for_SummerRick Rule, Chairman of Sprott US Holdings Ltd. said in early March that the market looked overheated and was due for a pullback.
Gold and silver had just delivered double-digit gains in a few months.   Sure enough, from mid-March until early June, the precious metals gave up much of their gains.
Since early June, resource stocks have surged higher once again.2 So the question on my mind was: Where is gold headed for the remainder of the year? Will this rally pull back?
Rick recently gave me his answer: [Read more...]

Jim Sinclair: Last Take Down Before Gold Trades At New Highs!

Sinclair Hong KongLegendary gold trader Jim Sinclair sent out an email alert to subscribers Monday night regarding the manipulative dump of $1.3 billion in paper gold on the week’s COMEX open. 
Sinclair, who called the top in the last gold bull market to the day, stated that Monday’s gold take-down was to allow the bullion banks to cover their shorts, and to initiate and expand long positions in advance of gold’s coming bull rally.
Sinclair, who has long stated that the entities that will make the most during gold & silver’s massive secular bull markets are the very bullion banks who have been naked short throughout the duration, warns that
the bullion banks are GOING LONG HERE AND NOW!
Sinclair states that long term cycles in gold are turning positive and that this was likely “the last take down before gold trades at new highs“. 
Sinclair’s full MUST READ alert is below:  [Read more...]

A Final Summer Low Still Ahead as Gold’s Sabbatical Rest Comes to an End & Gold Heads to $10,000+!

gold bottomGold was expected to ‘begin a rise in May, continue into June, and make a TOP in June before reversing into a Final Summer Low’.
A final summer low is still ahead for Gold.
Since the bull began in 1999, every 7th year Gold takes a Sabbatical Rest.   T
he first was in 2006 when gold traded to $650.  Gold has completed its second cycle of sabbatical rest as of June 2014.
The coming summer low will be the FINAL ENTRY LOW and the ‘Buy-of-a- Lifetime’ before a Moon Shot to $2000 by year end!

Starting this summer Gold will begin its final 7 year cycle (2 x 3.5 years) climb to over $2000 in 2014 and $10,000+ into the year 2021! 
[Read more...]

Gold & Silver Smashed Again As Another $2.3 Billion in Gold Futures Dumped on Market

silver smashFollowing Monday’s $1.3 billion paper gold dump on the COMEX open, the cartel has hit gold and silver again Tuesday, and has finally succeeded (for now) in driving spot gold back under the critical $1300 level- but it took twice the amount of paper used yesterday, as an astonishing $2.3 BILLION in gold futures were just dumped on the market.  [Read more...]

Alasdair Macleod On Unwinding Unallocated Gold Accounts

EmptyVaultWith an unallocated account the customer doesn’t have an entitlement to any specific bullion bars, and is a creditor of the bullion bank.   So long as the customer is happy with the counterparty risk, this is the cheapest way for him to have exposure to gold. F
rom the bank’s point of view, there is no need to hold more gold than required to meet customer withdrawals. Furthermore, even this gold doesn’t have to be bought, merely leased from a central bank, remaining in the Bank of England’s vault unless needed.
There can be little doubt that the increase in the quantity of gold held in the Bank’s vaults between 2006 and 2013 reflected, among other factors, physical backing for increasing unallocated accounts during the 2000-2012 bull market.
In the past a bullion bank’s risk to a rising gold price either went unhedged, or was managed through derivatives, using forwards futures and options. Therefore, so long as systemic risk is not regarded as a material factor, the bullion banking community can absorb significant gold demand from investors by expanding unallocated accounts without any physical buying required.
However, the investing public’s greater awareness of risk to bank deposits from bail-ins could change this in future. 

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Eric Dubin: Silver to $25 in July!

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silverIn the latest SD Weekly Metals & Markets, The Doc & Eric Dubin discuss: 

  • Silver’s 6-week climb isn’t over- Eric Dubin predicts silver to soar nearly 20% in July- and likely reach $25 by the end of the month!
  • European banking crisis as Portugal’s Banco Espirito Santo nears collapse & the return of bail-in risk: Why depositor bail-ins can’t stop a derivatives contagion!
  • Manipulation won’t die with the London Fix: Thompson-Reuters & CME chosen to run electronic silver fix beginning August 15th
  • France joins Russia & China in threatening to dump dollar for international trade- why the dollar is now OUR problem

The Doc & Eric Dubin break down the trading week & discuss what’s in store for the summer below: 
[Read more...]

Alasdair Macleod: The Ghost of Bail-ins Past Returns to the Financial Stage

bail inConfirmation of why Europeans might be buying physical gold arises from concerns over the financial health of Portugal’s Banco Espirito Santo, which has undermined share prices of the entire Eurozone banking sector.
The ghost of the Cyprus bail-in may be returning to the financial stage. 
[Read more...]