cartel raidAnother raid by our banker friends in gold and silver as they try desperately to keep a lid on the turmoil in the world.  Last night, Italy voted “No” to reforms and as promised Renzi quit as PM.
Italy has a HUGE problem with its banks…

jim-sinclairFrom Greg Hunter:

In perhaps the most important interview of the year, Legendary gold expert Jim Sinclair warns,
“Markets do not exist anymore – and you can’t time what does not exist.”
Sinclair contends a huge transition is underway, and the old system cannot be fixed. A new one is on the way, and the old one is going to end with a bang. 

The over-the-counter derivatives have grown massively beyond world money availability. This has no precedent.  We have killed capitalism.  IT’S OVER…

fed-dollar-gold-note“The Federal Reserve’s balance sheet has exploded.
Anyone who has surplus funds should be holding gold and silver because the dollar should be reduced already to the level of toilet paper…”

explode-volcanoe-fire-hotWith A Historic Month for the Markets Behind Us, Craig Hemke Joins the Show For In-Depth Analysis, Discussing:

  • Biggest Move in Treasury Market In HISTORY – Implications For Gold and Silver?
  • The TRIGGER? Last Time The Fed Hiked Rates in December, Silver Began An $8 Rally
  • Doc Reveals the REAL Reason For the Elite’s War On Cash  
  • Physical Demand is the ONLY Thing that Will End the Casino

 And Then All Hell Breaks Loose…

gold vs USD 2year dec2The technical bears are out in force, making up stories forecasting the death of gold and silver, based on the chart below.
This is a bear’s delight, with a death cross of the two most followed moving averages, and the gold price seemingly sliding into oblivion…

SprottEric Sprott Breaks Down Today’s Jobs Report & MAJOR MOVES In Bonds, Interest Rates, Gold, & Silver.
Sprott Warns If Modi Bans Gold, India Will MASSIVELY Turn to Silver, Sending the Global Silver Market Into CHAOS…

dollarHat Trick Letter Editor Jim Willie joins JB Wells and is uncharistically enthusiastic about America’s future after Donald Trump swept the fascists out of power, but warns the birth-pains of the new administration will be strong – as it comes with the Collapse of the Dollar:

explode-volcanoe-fire-hotJim Willie Issues A Systemic Lehman Event Warning,
Except This Time, The Entire Global Financial System Will Erupt Like A Debt Volcano…“:

world-silver-production-2007-2016This may seem a play on hype, especially for those who are a bit disillusioned by the price smash since the Trump President election.
But there is so little real physical silver out in the market, 3-4 billion oz – that any significant amount of capital moving into it will push its value to SERIOUSLY high levels:

Caption Contest 1Well, we’ve finally reached “contract expiration” day as the Dec16 Comex gold and silver contracts go off the board and into “delivery” at the close today.  With total Comex open interest now back to the levels of last December, could price finally be near a bottom?
As usual, we must look at the USDJPY for clues:

goldWhen vote counts began to show that Donald “The Golden Trumpster” Trump would win the US election, gold surged well into my key sell zone at $1320, reaching about $1337.
The gold price was flirting with an upside breakout from a key monthly chart downtrend line.
In my professional opinion, gold would have achieved the trend line breakout, but only if the Indian government had not suddenly showed up on the scene that same night… with a horrific announcement that overwhelmed the US election news.

Sprott“It’s Just Been A HORRENDOUS Month.” 
Will Gold and Silver Prices Begin A Massive Rally in 2 Weeks When the Fed Finally Hikes Rates, Just Like in December of 2015?
Eric Sprott On the PAIN in the PM Markets, & If A Bottom Is Near:

end-collapseThe price of gold is being attacked right now in a manner that is quite reminiscent of the way it was attacked in the summer of 2008, right before the global financial markets collapsed, led by the fall of Lehman.  Something really ugly is coming toward the global economic and financial system.
In Viet Nam the premium paid by the public has just soared to $90 over world gold.  The spread has been wider over the last 15 years, but not much and only during times when there’s been high “backwardation” between the physical delivery bullion markets in the east vs. the fraudulent paper gold markets in London and NYC.