volcano

The record high investment demand of silver and gold, coupled with monstrous central bank purchases, is putting the hurt on the “just in time” precious metal-delivery system the bullion banks have been operating for many years.
These banks are being caught in a pincer movement, which are once again threatening their hallowed, price-setting mechanisms.
There’s growing evidence that the system’s widening imbalance between supply and demand is again becoming critical. The amount of silver and gold that Western central and bullion banks are able to bring to the market is growing more and more inadequate.
As long as the cartel can make timely deliveries to all the parties who want to buy silver, then this silver price suppression scheme will continue.  We will only see a freed silver price (as we nearly did in 2011) when they take silver’s contractual price (paper price) to levels which cannot be adequately delivered to both investors and industrial users alike.
With each and every Comex-Open, silver price-pummeling, that day grows ever closer.

silver demand
Play

T. Ferguson joins The Doc & Eric Dubin for a Special Market Alert edition for this week’s Metals & Markets, discussing: 

  • US Mint caught completely off guard by EPIC physical demand, SOLD OUT of Silver Eagles after burning through over 2 million oz in less than 2 hours Wednesday morning!
  • Primary Dealer of Silver Eagles CAUGHT OVERSOLD- reportedly cancels previously placed contracts for Silver Eagles- a completely unprecedented development!
  • Silver tests $15- are we staring at a 2008 Deja Vu collapse to support at $9? 
  • Not just the US Mint- Canadian Mint may be sold out of Maples as soon as Thursday, and one of the US’ largest  private mint HALTS SILVER ROUND SALES!

You won’t want to miss a minute of this MUST LISTEN Special Market Alert Edition of the SD Weekly Metals & Markets below: 

petro dollar sunset Willie

When the Shanghai exchange runs dry out of silver, they will use the event as a legitimate checkmate excuse to revalue both silver and gold.  This ties in with Dr. Jim Willies “GRAND GOLD SHOCK EVENT” prediction.  China’s physical gold holdings will go up in value all while they rake in their paper shorts on the other side.  This will cause shockwaves to the gold, silver and the FOREX derivative markets!
Without the Shanghai physical drain on silver supplying the mints, the COMEX and LBMA would have defaulted by now.  This is no accident.  China created the loophole like a Trojan horse targeting the Achilles’ heel of the financial system.  Silver is the sacrificial pawn.
Wall Street took the arbitraged silver bait and it’s almost time to back up the truck and go ALL-IN!  Gold and silver are about to slingshot out of the station!  The game ends when Shanghai runs out of real silver!
A PLANNED CHECKMATE IS NOW IN FULL VIEW

SILVER-RUSH

Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today.  This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.
In just the past two days, investors purchased more than 1.4 million Silver Eagles.  This pushed the total sales for October to 5,790.000, surpassing the record set in March at 5,354,000:

JPMorgan

Just in time for the Halloween Spooks to come out and play by slashing the prices of the precious metals, JP Morgan (vampire squid), experienced another ghastly withdrawal from its gold inventories Friday.   Something quite eerie seems to be taking place as the majority of Comex gold withdrawals are coming out of the dark dungeons at JP Morgan Chase.
In just one week, JP Morgan has lost 41% of its total gold inventories. 

HarveyOrgan

Let’s head immediately to see what the data has in store for us today.
First:  GOFO rates:
We are moving closer and closer to backwardation!!

silver sales

After the recent price smash in silver, investors purchased a record amount of Silver Eagles.  In the past week, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in every other month of the year.
Not only are first week sales of Silver Eagles stronger than any other month, they have already surpassed the total sales in the month of July and August!
The best time to buy Gold or Silver is anytime before the Financial System collapses.
The day after… will be too late.

SILVER-RUSH

The last day of September, the U.S. mint reported silver eagle sales of 750,000 coins.  One day later, they reported another 1.65 million.
Both were one day records.  The two-day total – 2.35 million – was more than the entire months of August and July:

moon

Despite the cartel’s vicious, criminal paper games, Silver & Gold demand has EXPLODED and Western demand is back with a vengeance.
Judging by the past week of Silver Eagle sales from the US Mint the big players, the smartest guys in the room were busy buying nearly 24 tonnes of silver from the U.S. Mint!

So the cartel can continue slaughtering the paper silver market, but they do so at their own peril as the inverse reaction to their criminality is a RUN ON PHYSICAL precious metals in the United States and abroad.
In this MUST LISTEN interview with the SGTReport, The Wealth Watchman explains why you are 100% right about silver. 

2012 Amercian Silver Eagle

The market has reacted to the big drop in the paper price of silver by a huge increase in Silver Eagle purchases. 
September was turning out to be a much stronger month compared to July and August even before the last update of the month.
On Monday, the U.S. Mint reported 3,375,000 sales for the month. 
Then this evening, I checked to see if they had updated their figures.. which they did in A BIG WAY.

silver

It’s Back!
For the first time in months, Western investment demand in gold and particularly SILVER is raging like a lion that’s just escaped captivity!
Yesterday, while many were wringing their hands, and beside themselves about the massacre in the paper silver market, the big players, the smartest guys in the room were busy buying nearly 24 tonnes of silver from the U.S. Mint! 
Let me repeat that: the U.S. Mint alone sold another 765,000 silver eagles in ONE business day!
Take a look for yourself:

silver

This year some 900,000 oz of silver on average have moved into or out from these six warehouses on a daily basis.
The daily average movement of silver into and out from the COMEX silver warehouses at 900,000 oz is equal to 28% of total world daily mine production.” -Ted Butler

Over 1 in every 4 ounces of silver that planet earth will bring out of the ground this year, will be shuffled through the vast halls of Comex warehouses.  Over 1 in 4.  The Comex system has gone from moving perhaps 1 million ounces of silver per week, to moving nearly 1 million ounces…per day!  In fact, in just the last two business days, the Comex has moved over a whopping 4 million ounces of silver!
As prices continue their descent for both gold and silver, it’s more important than ever to keep a clear focus on the implications of this price action, not just for investors like us(which are obvious), but also for those trying to orchestrate it.  It’s all a game of ounces in the end, for these banks, after all.  They must bring enough physical metal to deliver on their exchanges, both to investors, and to the industrial users.  There’s no “Plan B”.
Since both sources of demand won’t back off from their record level purchases, the bullion banks realize that they simply have to bring even more product to market. Their backs are against the wall hereThe moment the metal is not delivered to some large customer in size, is the precise moment the end to this game will begin.  That’s the Catch 22 of the situation though: the banks want lower silver prices, yet the lower the price goes, the more threatened their constant source of supply becomes.
The banksters are Trapped Like Rats