down gold

For some reason(s), the companies that mine precious metals have been strangely silent on the topic of gold and silver manipulation.
To many of us, the lack of interest displayed by mining executives on a topic that literally affects their companies’ bottom lines – and perhaps even their ability to remain in business – is both bizarre and frustrating in the extreme.

Why won’t the miners fight back against gold and silver manipulation? 

launch rocket vertical

Silver and gold prices continue to deteriorate as the speculators continue to buy up shorts and the commercials were able to wrest all higher priced longs from them in short covering, depressive episodes which, repeated in nature, have convinced the speculators prices are going much further South, and soon.
The important thing for the powers that be to do now is to reinforce the negative thinking on the part of speculators and anyone with interest in physical metal as they want it all for their one world currency backing, and they want it at low prices.
When prices do go below $17 we are going to begin to see foreign governments coughing up physical into the market as they will embrace all things paper and the promise of far greater returns on investment and protection from inflation for their people while watching the DOW eclipse 18,000, then 19,000 then…20,000.
If you believe Martin Armstrong, we will see DOW in the high 20,000s maybe even break 30,000.
All will seem well in the world of paper until merely days before the planned economic collapse of the world’s derivatives and bonds, and lastly all currencies.

comex silver

It’s so blatantly obvious that even a caveman can see it

The front month silver contract on the Shanghai Futures exchange is currently trading at an 8% premium to the LBMA price and the futures curve there is in backwardation, indicating a very tight physical market.
Roughly 80% of the physical silver from the SFE vaults have been removed.
On the Moscow Exchange, silver trades at a 16.8% premium to the LBMA price.
But this is what we get in the lawless United States:

raid

Dave,  NOBODY IS TALKING ABOUT THIS!!!  Everyday at 8 to 830am this happens… oh gold trades  fine all night and then Bang. We should short it at 745am eastern…

That quote is from an email I received this morning from an executive at a gold/silver/copper mining company.
How come no one discusses that fact that, day after day, silver and gold trade flat to higher when the eastern hemisphere is open but, for some reason, as soon as the Comex trading floor opens, the price of gold and silver get demolished:

silver demand

The banking cartel may not realize it, but they woke up a sleeping giant… physical silver investment demand. 
Before the collapse of the U.S. Housing and Investment Banking Industries, there was very little global demand for physical silver bars and coins.
This all changed in 2008, when the world faced a total collapse of the financial and economic system.
The global economic and financial system went into the emergency room in 2008, and have never come out.
If you thought times were rough in 2008 & 2009, just wait until things really fall apart this time. 

JP MorganBoth houses of manipulation viciously attacked both gold and silver on Friday.
Guess why price went down after the COT Week?  It’s called “A Time To Kill” speculator’s positions right before price is allowed to go up…
This is too simple, it is an orchestrated massacre and played out with the greatest of mathematical minds who have programmed their trading and HFT-ing to loot speculators at their every turn because speculators,(at least the paper playing speculators) are like sheep led to the slaughter since they cannot coordinate between themselves to take positions and stick with them that would stop this madness.
The Commercial’s goal is to rape, pillage, and sack as much speculator wealth as they can prior to the planned worldwide economic crash of 2015 that destroys all the world’s currencies.

Today, we don’t have cheap oil to pull us out of the huge mess we are facing as the Global Financial System is loaded with Debt, Derivatives and Fraud as far as they eye can see.
When the highly leveraged Global Financial System finally crashes, it will pull down the energy industry with it.  Thus, a great deal of the supposed forecasted growth of oil and gas will no longer be commercially viable.
This will also destroy a great deal of the PAPER CLAIMS such as futures, options, derivatives and etc, leaving a mad dash for physical assets.   Some think we will see Deflation… we may.  However, I believe it will be DEFLATION in the value of paper claims with a huge RISE in the value of the physical asset.
It will be the disintegration of the 100 paper claims on gold and silver that will implode to zero, while the actual physical bullion will hit levels thought unimaginable.
When this occurs… remember my favorite line:
GOD HATH A SENSE OF HUMOR.

Alasdair MacleodThe new daily silver fix regime has begun.   It will be run on the Chicago Mercantile Exchange’s platform (the Comex people), and supervised by Thompson Reuters.   For the first six months access to the fix for observers will be free, so we can all see how it works.
This is a welcome advance on the old silver fix, where bullion banks negotiate the price in secret.   This should be positive in the longer-term, because market transparency tends to lead to wider institutional and public participation.   We are a long way from a fully transparent market, but at least the veil of dealing secrecy is being lifted a little.
Imagine you are running a hedge fund. You don’t deal in gold or silver because the physical market is too opaque.   Now we have a visible auction process in silver, which you can watch on-line. You can monitor it for a week or two to get better a feel for how much money is required to move the price.   It’s not just you, everyone else is also getting interested. Now you can assess your dealing risk far better and will be prepared to deal.   And you look forward to the gold market becoming more transparent as well.
We are seeing a very important change in bullion markets to the disadvantage of dealers who hide behind OTC opacity.

Play

Metals and MarketsWith gold & silver raided by the cartel coincidentally on the day the new Silver Fix was launched, The Doc & Eric Dubin break down the markets, discussing: 

  • Cartel raid on the metals: Is the worst over, or is another smash coming on the thinly traded Sunday night Globex session? 
  • On the brink: Ukraine/Russia escalation as the US continues to push Russia towards war while Putin works to DUMP THE DOLLAR
  • Retail physical gold & silver explodes on price smash/end of London Fix: SDBullion sees heaviest sales volume in 2014 Friday
  • Ferguson riots/ Martial Law- a sign of of most of American could look like in the wake of a financial collapse? 

The SD Weekly Metals & Markets With The Doc & Eric Dubin is below: 

silverdumpA pure psychological warfare operation on the metals.  I received several emails and phone calls from clients and colleagues who were in a panic.   My response was:
It’s a mid-August Friday, the rest of the world is at happy hour or in bed.  Most of the big players in this country are at the beach.   India was closed last night for their Independence Day, which put a lot less demand-stress on the physical market.  Something really ugly is developing behind the scenes that is not apparent yet and that’s why they smashed gold during the one of the most quiet trading periods of the year.”
This is what happened at 7:40 a.m. EST, with no news or even triggers:

The Battle Royale continues as the cartel has hammered gold back under $1300 once again with a last of $1293, and silver has been knocked under $19.50 to $19.45 on heavy volume the first day without an official London Silver Fix. 

The EndMr. Macleod joined The Daily Coin to discuss the silver fix transformation. 
With the London fix now officially history, are we about to see a period of unprecedented volatility in the silver market? 
On China Macleod states: The more we sell our gold down, at a cheap price, and the more China buys it, the more that’s going to turn out to be the biggest wealth transfer we’ve ever seen in history, from West to East.”
The greatest transfer of wealth in history.  Let that sink in for a moment.   

UntitledJim Rickards made headlines today with an interview he did with Peter Schiff in which he claims that the gold held by the Fed is leased out several times over but is still sitting in the Fed vaults.
If that’s case, Jim, then how come the Fed won’t allow a physical audit?
If the Fed is going to perpetuate and legitimize a lie, at least show us the bars.
The Fed and the big banks who are undeniably engaged in trying to hold down the price of gold and silver on a daily basis now, are having trouble getting silver to die.   The reason:  India and China have been buying physical silver hand-over-fist:

Physical silver bullion sales exploded at SDBullion Wednesday, hours before the London Fix price setting mechanism was set to end on August 14th.  
The London fix, which has been in place for 117 years dating back to 1897,  announced in April that the daily silver fix would end on August 14th, when Deutsche Bank, under investigation by Germany’s BaFin for market manipulation vacated its seat and was unable to find a buyer.

SDBullion trader Jennifer Linhart stated that physical silver sales were five times normal volume Wednesday, as investors scooped up bullion ahead of any market disruption the end of the fix might cause:
“The phones were ringing off the hook all day, and silver sales were about 5 times normal for the day.  We didn’t see much of any change in gold, everyone was buying silver.”