INDIAN SILVER IMPORTS: Near Record At A Quarter Of Global Mine Supply

Indian Silver Imports vs Global Mine SupplyIt looks like at least one country is still taking advantage of the extremely low paper price of silver.
From information just released, India continues to import a near record amount of silver in 2014.
Even though silver imports slumped in June compared to last year, demand is still extremely strong.
Do you really believe top silver producing countries like Mexico and Peru as well as many other South American countries will continue to give away their silver for a mere pittance when the Dollar finally loses its World Reserve status?
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PRECIOUS METALS & The Death Of The Business Cycle

Collapse Of Roman Silver Monetary SystemThe precious metals will offer one of the best safe havens as the world enters into the next paradigm… “The Death of the Business Cycle.”
Unfortunately, very few analysts, economists or investors realize the darkness that lies ahead.
Gold and silver are more than insurance…. they will be the wave of the future, and the future is now here.
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Shanghai Silver Backwardation Ends, Premiums Down

Shanghai Gold Exchange withdrawals 2014 week 23Chinese gold demand in the past few weeks is not as strong as in the beginning of 2014 or as in 2013 after the price of gold crashed in April, though the levels are slightly higher as they were throughout 2011 and 2012.
On the Shanghai Futures Exchange (SHFE) all silver futures contracts came out of backwardation this past week (week 24), and on June 13, most Shanghai silver premiums over international price closed under 6 %.
The prior week they all closed above 6 %.

The scarcity of silver in Shanghai appears to be easing.
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All Along the Silver Demonetization Watchtower

silver coinThe particularly ruthless destruction of wealth that disproportionately have an effect on the poor and elderly is a process that slowly, then all at once, destroys the middle class – which has its roots in the debasement of money.
This is as pervasive today as it was in the days of coin clipping.
Monetary debasement is an ongoing and fluid process, although Greshem’s law allows for some filtering. Yet monetization of monetary metals is alive and well.
Of all the barriers to entry a physical silver investor must face, perhaps none is more egregious as those that have evolved in the United Kingdom silver market.

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BrotherJohnF Silver Update: Big Smash Coming in Silver!

freefallBrotherJohnF is back, predicting an imminent BIG SMASH in silver, in his latest silver update:
Billionaires Busted! [Read more...]

The Elephant’s Silver Necklace

Elephant hunting MorganIt’s no secret that demand for the U.S. Mint silver eagles coin has been unprecedented. It is a walk back through memory lane following the 1986 confirmation of the growing (exponential) popularity of the legal tender coin program.
Many are left these days scratching their heads about who is buying all these coins. Retail demand seems soft at best, with stable coin premiums relative to times of relative shortage.
Speculation has ranged from steady domestic demand to JP Morgan or some other large entity quietly or surreptitiously stockpiling silver eagles.
However, the real elephant in the room for silver demand may be the oldest form of silver – the demand for silver jewelry.
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First Quarter Canadian Maple Leaf Sales Up A Hefty 24%

Canadian Maple Leaf Sales Q1 2014With the release of the Royal Canadian Mint’s first quarter 2014 report, sales of silver maples increased substantially compared to the same period last year.  While Silver Eagles sales in Q1 declined slightly year-over-year due to a backup at the U.S. Mint, the Royal Canadian Mint reported a 24% increase in Silver Maple sales.
The Gold (and Silver) price manipulation will end one day OUT OF THE BLUE.  There will be no warningAnd of course it will be too late to purchase gold or silver. [Read more...]

Gold & Silver Smashed- Is a Crash to New Lows Imminent? Doc & Eric Dubin Weigh In

freefallThe Doc & Eric Dubin break down the latest cartel smash-down of the metals, discussing:

  • Is a crash to new lows imminent, or did we see the bottom Friday afternoon as gold broke below $1250 and silver below 18.70?
  • Retail demand EXPLODES- SDBullion saw largest single day sales volume EVER Friday as nearly 20,000 oz of physical silver were withdrawn from the market
  • Russia, Kazakhstan, & Belarus sign Eurasian Economic Union Agreement- accelerate plans to launch “gold” Altyn currency to replace the USD in trade! 
  • GOFO rates & options expiration- implications for the metals

 Full Coverage of the Latest PM Take-down is Below With This Week’s SD Metals & Markets! [Read more...]

Modi to Use Solar to Bring Power to Every Indian Home by 2019

solar-canalsWe’ve been discussing the implications Modi being elected in India would have on the price of gold for nearly 9 months at SD- but it appears that gold won’t be the only precious metal majorly affected by Modi’s policies.
Bloomberg is reporting that Modi has announced plans for a massive solar power initiative to bring power to every Indian home by 2019. 
Considering the fact that nearly 1/2 billion people in India currently are without access to electricity, the Modi plan would bring monumental new demand to the solar panel industry- as well as to one of the solar panel’s main components…..SILVER.  [Read more...]

The Doc: Is There a Better Investment Opportunity Than Silver?

gold & silver sold outThe Doc joins Wall St. for Main St.’s Jason Burack for a wide reaching interview discussing current precious metals demand through the eyes of a retail bullion dealer, the current supply/demand situation for the ammunition and firearms market, and The Doc’s take on the overall macro-economic situation- how long do we have before a complete systemic collapse? 

The Doc’s full interview with Wall Street for Main Street is below: [Read more...]

U.S. Exports 128 Metric Tons Of Gold Jan & Feb 2014… Supply Deficit Increases

U.S. Gold Exports Jan & Feb 2014As Russia, China and the other BRIC countries work towards a system that doesn’t include the TURD called the U.S. Dollar, Americans have less and less time to prepare for the GREATEST TRANSFER OF WEALTH…. in history.
Not only did the U.S. export 128 metric tons of gold in the first two months of the year, its supply deficit continues to increase. 
While gold exports to Hong Kong fell in February, Switzerland imported another 28 metric tons of gold during the month, more than twice the 12 metric tons it imported in January.
If we look at the chart below, we can see where the United States exported the majority of its gold.

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Silver Stealth Buying

silver rushSilver has suffered as a market pariah this year, dragging along doggedly near major lows.  Investors have seemingly abandoned it to chase the Fed’s general-stock-market levitation, an affliction plaguing most of the alternative-investment realm.
But rather provocatively, silver buying remains quite strong even in this dreary sentiment wasteland.  This stealth buying will likely explode once gold starts running. [Read more...]

Top Official Coin Sales: Market Overwhelmingly Chooses Silver (By 102 to 1!)

Top 5 Official Silver Coin Sales 2013In 2013, the top 5 official silver coin sales topped 98 million oz.
The U.S. mint came in first place by selling 42.6 million Silver Eagles, while Canadian Maples came in second at 28.2 million oz followed by 14.5 million Philharmonics, 8 million (est) Silver Pandas and 5.3 million in Australian Kookaburra’s, Koala’s and Lunar Silver Snake sales.
Total of the top 5 official silver coin sales were 98.7 million.  Again, these figures represent their top-selling official coins.  This does not include other silver bullion coin and numismatic sales.
Thus, the market purchased 27 times more official silver coins than official gold coins in 2013.
With a high ratio of 27 to 1 set last year, 2014 may break that record in flying colors.  So far this year, the U.S. Mint has sold 19.8 million Silver Eagles compared to 193,000 oz of Gold eagles.  This is a 102 to 1 ratio.

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U.S. Mint Sells More Silver Eagles In A Week Than Gold Eagles Over Past Three Years

The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper.  Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles.  This is a big number.  Total for the month of May is already at 3,262,000 oz.
It took one week for the U.S. Mint to sell more Silver Eagles (1,939,500 oz) than all the Gold Eagles sold in 2012, 2013 and 2014 (1,808,000 oz).
Just think about that for a minute.  The market purchased more Silver Eagles in one week than all the Gold Eagles since January 2012. [Read more...]

The Truth About Comex Data & COT Reports (& Why JPM is NOT Buying ASEs in Record Qty)

Jamie DimonTed Butler recently theorized that JP Morgan is the entity that is the buying 1 oz. silver eagle coins in record quantities this year.
Think about this:  bullion banks and large buyers of gold/silver deal in bars and tonnes. Think about how many silver eagles it would take to piece together enough to re-melt and fabricate into a meaningful quantity of marketable bars. Not-withstanding the expense of doing this, it is an absurd notion that they would even bother with it.  Especially when the Comex and SLV have plenty of bars that are available for hypothecation.  
The enormous quantity of silver eagle sales are going to the growing legion of individuals in this country and Canada who understand that the dollar is going to collapse sooner or later. It is poor man’s gold.   It is more fungible as currency than 1 oz gold coins. Ultimately, it is a possible signal that eventually the people will rise up and overthrow a completely corrupt system of Government and banking.
I believe Butler turned his ability to analyze the silver market – and the fact that he was one of the few people doing it for a long time – into a newsletter selling juggernaut.   Now the only evidence he looks at and evaluates is the evidence that supports and promotes subscriptions to his newsletter.   I stopped “absorbing” his analysis about 5 years ago.
His COT and open interest analysis relies on the all of the data being honestly and accurately reported.  But from where is the data sourced? It’s provided by the big banks who run the Comex.

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