For the first time in about two years, the fundamental price of silver is above the market price, about $0.35 over.
Unless you really like to trade the bleeding edge of a signal change, you may not want to jump in here…
We hosted Steve St. Angelo for a fascinating, if not startling, look at the big developments that look to have the west – and possibly the entire world – headed for an unexpected collapse.
When the system finally starts to unravel, the speed at which it will unravel and how it takes down the fiscal economy will be breathtaking.
- Will the lows hold, or are we looking at the potential for a waterfall smash on Sunday night’s Globex open?
- Have fundamentals deteriorated for the metals, or is the cartel knocking PMs down ahead of Greek collapse & bail-in?
- Craig Explains Why the Bankers Are Ready to SUPPORT PM Investors
- Ukranian/Russian Conflict Dramatically Escalates to Cuban Missile Crisis Level- Risk of WW3?
- Its All Propaganda– NFP +280k jobs in May, NY Fed’s Bill Dudley Claims Rate Hikes Still Likely in 2015
- Greek debt collapse this weekend? Greeks pull €1 Billion from banks Thurs/Fri!
- MASSIVE Physical Demand Returns to the Silver Market- SD Bullion Burns Through Normal 2 Weeks Sales Volume of 40,000 oz of Silver & 600 oz of Gold in Under 24 Hours!
The SD Weekly Metals & Markets With The Doc & Guest Host Craig Hemke is Below:
If physical silver’s Arch Nemesis is suddenly stockpiling silver bars at a pace that is only rivaled by the NATION of India, it’s only because the system itself has run its course, and there is nothing left to steal.
As I have long stated, I expect the big “escape” of silver’s price to only occur once their system is done.
So what does this bank know that has caused it to suddenly start stockpiling silver like there’s no tomorrow??
Expert PM analyst Steve St. Angelo (SRSRocco) joins the show this week discussing:
- How long can the bankers manipulate the price of gold & silver? Can it continue another decade or two?
Steve explains why the price of silver is poised to rise EXPONENTIALLY
- Steve explains why When the Light Bulb goes on (for global investors), you’re going to see see a MAD RUSH into precious metals, and crazy prices!
- With the oil price cut in half over the past 6 months, is Peak Oil a Myth of the past, or is it closer than ever- and what are the implications for gold & silver?
- Steve believes the numbers indicate that Silver investors are becoming complacent in 2015- the time to buy insurance is BEFORE your house burns down and its TOO LATE!
- We’re going to see convulsions in the market- by 2020 the world will be a totally different place, and it will be difficult to obtain physical precious metals!
- “What happened to Ammo will happen to Gold & Silver!”
The SD Weekly Metals & Markets With The Doc, Eric Dubin, & SRSRocco is below:
I smell a trap in gold and silver.
I know that silver’s the best performing asset so far in 2015, but remember, that’s exactly how it started 2014 as well!
After that brief out-performance in 2014, the banking gators took the price down to the river-bottom, for a nice “death roll”.
*Editor’s Note: Bringing back to page 1 in lieu of today’s take-down
Sales of U.S. Mint Silver Eagles started off strong this year with 3.6 million sold in the first two reporting days of 2015!
The U.S. Mint starting selling Gold Eagles last week with 51,500 ounces reported on the first day of sales. The U.S. Mint released the official first day of Silver Eagle sales on January 12th.
As we can see from the chart below, the U.S. Mint sold 2,958,000 Silver Eagles on January 12th, then another 656,000 on Tuesday, January 13th. So far this year, the U.S. Mint sold 3,614,000 Silver Eagles compared to 56,500 oz of Gold Eagles:
When it comes to global silver demand growth over the past decade, the coin and bar investment category is the big winner. Unfortunately, the media tends to focus on growth of industrial silver consumption, while investment demand continues to take a back seat.
2014 global silver coin and bar demand may actually be closer to 230-240 Moz, than the 192 Moz figure GFMS forecast in the preliminary report.
Regardless, the huge increase in silver coin and bar investment demand over the past decade took place by less than 5% of the population… probably more like 2%.
What would happen to global silver coin and bar investment demand if only say 10-15% of the population became interested??
A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation.
As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out.
So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical silver position in history.
Amazingly, retail investors purchased 84 Silver Eagles in 2014 for every ounce of Gold Eagles.
It will be interesting to see how 2015 unfolds.
With all the geopolitical, financial and economic uncertainty… next year just may be GANG BUSTERS for the U.S. Mint.
The Doc and Eric Dubin from SilverDoctors & SD Bullion joined the SGTReport this weekend to talk about all things silver.
We discuss the new record in silver eagle sales and the fact that in ancient Rome, payment for a hard day’s labor was 1/10th of once ounce of physical silver.
Today, due to the massive manipulation, a person earning $50,000/year is compensated with the equivalent of 10-11 ounces of physical silver per day.
More than 100 times the historic norm — and it’s only possible because silver is the most manipulated, most undervalued tangible asset on earth.
The Doc points out that with the current silver gold ratio over 70 to 1, while the earth’s mining output in 2013 was a mere 8.3 to 1, a move to fundamental valuations could see silver place a 10 bagger vs gold!
The Doc & Eric Dubin’s full interview with the SGTReport is below:
Another Conspiracy Theory Becomes Conspiracy Fact.
Well, well! Once again, all the “tin-foil” hat-wearing folks are looking like the smartest guys in the room, as an intriguing secret this week is revealed about a certain precious metal!
This is the biggest news of the week, yet nearly no one has mentioned it!
Now that we know this secret, it behooves us to use this knowledge to ask some very tough questions of the mainstream gatekeepers, like the World Gold Council, or the Silver Institute.
Investors should be furious, and hopefully, lawsuits will be forthcoming, now that this information is officially acknowledged!
Comparing Apples to Ounces:
In this week’s Clarion Call, we take a look at the market cap of Apple Computer, then compare it to the nominal GDP’s of several nations, and are left with a dizzying perspective.
Lastly, for kicks, we take the monstrous number of this one company,and place it beside the tea-cup poodle known as the “physical silver market”.
After all, there’s nothing like looking through the big end of a telescope, to bring these disparities into razor-sharp focus.
The U.S. Mint had to suspend sales on November 5th due to its inventory being totally wiped out.
The Royal Canadian Mint also put the sales of its Silver Maples on limited basis due to high demand as well.
If the Royal Canadian & U.S. Mint have difficulty now trying to meet demand for the 2-5% of public demand… what happens when the GREAT RUSH INTO GOLD & SILVER BEGINS??
The SHFE has experienced a 95% reduction of its silver inventory since its peak of 1,143 mt March 2013… RIGHT BEFORE THE HUGE TAKE-DOWN IN THE PRICE OF SILVER…
There was a huge development reported in the silver market last week as the GFMS is reporting SIGNIFICANT DRAWDOWNS of UK silver inventories:
With imports in the first ten months totalling a massive 169 Moz many vaults in the UK, traditionally the largest supplier to India, have seen significant drawdowns.
A drawdown of U.K. silver inventories may mean a REAL ACTUAL TIGHTNESS of wholesale silver (not retail) in the future.
Central bankers may never buy silver, but hundreds of millions of Indians soon will, and that is all it will take to launch silver’s value to a price which is many multiples higher than it is now.
The GFMS is predicting that the official arrival of PEAK SILVER will occur in the next 2-3 years.
Meanwhile, a draw-down of LBMA silver inventories may be the beginning sign of looming future physical delivery problems.