shorts

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.

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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…

fugget about it

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!

bank burned

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.

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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

silver demand

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.

my-shorts-on-fire

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.  

cliff edge

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.