I warned yesterday it was going to happen…and it happened… “My guess is they pop the silver Large Specs out of their shorts then force price down with a gold short covering raid.”
I want to make one thing absolutely clear…
Do NOT wait until August/September just ahead of the global economic crash:
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???
“The repercussions of Russia on a gold-exchange standard would be immense. Above all, it would mean the first major schism in the world’s monetary order. China would quite likely follow suit.
It could mean the threat of a severe inflation in the United States should rafts of unwanted dollars make their way back across the Atlantic — the Fed’s ultimate nightmare.
Will the greatest economic crash in history occur this fall and usher in the Biblicly prophesied Great Tribulation?
Marshall Swing believes so…
If Marshall Swing is correct, the country that emerges from the coming global financial collapse & introduces a new gold backed currency might not be who you think…
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…
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!”
At 397.9 million barrels, U.S. crude oil inventories are at the highest level for this time of year in at least the last 80 years.
What it appears has been going on now since at least October is the United States government has been purchasing hundreds of millions of barrels of oil and storing them.
The maximum total withdrawal capability from the SPR is only 4.4 million barrels (700,000 m3) per day, so it would take over 160 days to use the entire inventory. 160 days.
That might be just the amount to time required to operate efficiently during the world’s greatest economic collapse EVER and during its aftermath- while the rest of the world recovers from the depths of despair and chaos, death and destruction, when after 3 days all their food is gone from their store shelves and there is NO TRADE since all currencies have failed and it takes months for world leaders to convene and agree on a one world economic system going forward.
Silver is below $18 and anything below that is my announced buy target but as we go into February, I am changing my guidance. I now recommend buy with total abandon, not waiting, on all precious metal, particularly silver, even if price goes to $20 or higher as time is limited before the great, planned crash.
Get physical while you can.
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.
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.
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.
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.
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.
Nearly 3 years ago, with silver trading near $40/oz and gold near all-time nominal highs, SD gold & silver analyst Marshall Swing shocked the PM community by warning that silver would crash to $15/oz, then rocket past $1,000/oz as fiat collapses!
Fast forward to Oct 31st, 2014, and silver has indeed crashed to a $15 handle.
Does the ONLY precious metals analyst who forecast silver’s crash from $50 to $15 still believe a silver moon-shot past $1,000/oz is coming along with a full-fledged fiat currency collapse?
Take heart silver investors. The one analyst who saw this coming remains as bullish as ever:
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.
I believe what is coming is far bigger than a mere significant economic collapse.
I believe the coming financial collapse will be a worldwide economic collapse, and the institution of a one world government with a one world currency, in the 6-9 months following these events.
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!
This bottom may be the longest yet.
This is psychological warfare and does not resemble the true PM physical market at all but it is contrived through manipulation to depress speculation so that physical buyers will stay away from PMs and trust bonds and equities while Ebola and ISIS rip up the daily headlines.
The DOW is off 1,000 points in just a few days, fear of deadly disease or decapitation stories is gripping the news and gold and silver have plummeted?
Does any of this make any sense? FEAR UP, gold down?
Can you spell M-A-N-I-P-U-L-A-T-I-O-N ?
Stay thirsty for physical, my friends, the day of redemption draws near!
What you see on the chart on this past Friday into Sunday/Monday has all the markings of a classic commercial short covering price raid but that is the subject of next week’s report after the numbers come out… That $16 handle came and went quickly, did it not? It is still time to BUY, BUY, BUY physical silver with every fiat cash dollar you have.
Plan on holding 1.5 – 2 years into the biggest wave up you will have ever witnessed in any lifetime!