explode-volcano-bankersThat big decline we just experienced is probably the intern bottom here for another rally which will extend for quite a long time.”
In this week’s critical Market Update, Eric Sprott assesses the recent pullback in the metals and miners, and discusses the context and reaction to Chair Yellen’s speech at Jackson Hole, and WHIPSAW in gold and silver prices…

freefallSilver is in a different world.
It has a long way farther to fall, before it catches down to the fundamentals…

silverWhat goods or services would you offer and be willing to accept gold or silver as payment?  How much gold and silver would you be willing to use as currency?  
If you are serious about breaking the system, operating outside of the system and leaving a murderous, criminal, liberty and life stealing system behind, these are the questions that should be in the fore-front of every waking moment…

collapsePerhaps the biggest source of financial propaganda is the Government-sponsored price controls imposed on the precious metals market.  That this occurs on a daily basis is no longer even open for debate.
The price-suppression of gold is the equivalent of shutting down all weather satellites ahead of hurricane season.  
It will end in a disaster…

collapseWhen the black swan arrives, and the system buckles, you will see a different type of collapse.
The ensuing financial panic will lead to a currency non reflate-able currency crisis. 
And the rush to safety will ignite the long-awaited move that will have us speaking in terms ounces, rather than dollars… 

gold_futuresGold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a “non profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximize profits…

down fall plungeThe spot price for gold and silver is dead.
We seem to have the makings of a major disconnect, and it is worth talking about:  the mining indexes are raging, while the spot price “markets” are looking more and more like the ugly step-sister nobody wants to dance with
.
Billions of dollars are flowing into gold and silver miners, yet all the while PM “price” continues to lag, largely because it is set by the traditional flawed paper derivative dinosaurs.  Regardless of how or why this is occurring (deliberate plan or free market), one thing seems evident:
HUI is the new Spot Price, and Spot Price is Dead!

Play

big resetExpert Gold, Silver, and Energy Analyst SRSRocco Joins the Show This Week, Discussing:

  • Bull Market Reboot – Gold and Silver Are Being Attacked By TPTB, But They’re Losing Control!
  • What Happens if Stocks and Bonds Crash?  5% In Gold is a Joke! 
  • Are We In the 2nd Inning of the Most Powerful Bull Market in History?
  • The Big Change: Expert Explains Why It Will Be Important to Own Gold and Silver in the Next 3-5 Years

Everything Is Giving Out, I Think This is Going to Get MUCH WORSE…

“I repeat that is $25 trillion per year traded in these 2 money metals, the high 90% of which are never ever delivered in real physical bullion.
Just electronic paper trading back and forth, to and fro.
When you analyze the annual physical gold and silver bullion mining outputs per year, the leverage in the system is roughly 150 parts silver / gold derivatives vs. 1 oz of real bullion coming to market physically.”

crucibleWithin the top echelons of the world’s precious metals refineries, a number of names stand out due to their sheer scale and pedigree, as well as their global brand recognition in the production of a wide range of investment grade gold and silver bullion bars.

Harvey OrganThe raid orchestrated by the crooks on Sunday night and Monday morning was aimed at silver.
The relatively high OI for the new upcoming front month of September as well as HUGE numbers of options in the money is scaring our bankers and thus the need to raid…

The US Mint advised the largest AP’s on Friday that they had stopped production of 2016 Silver Eagle coins
After the report triggered a deluge of inquiries to the Mint, their official spokesman is now denying the Mint has stopped production on the coins. 
Something is fishy in Denmark…

SprottThe recent Sprott Natural Resource Symposium in Vancouver assembled some of the most accomplished builders & explorers in the natural resource space. 
Following the conference, a few industry leaders were kind enough to share their thoughts on the current state of the resource market with Sprott’s Thoughts readers.
John-Mark Staude, Brent Cook, Joe Mazumdar, and Morgan Poliquin explain where the resource industry has been, where it is now, and where it is headed…

EmbryThis week, Egon von Greyerz met up with Sprott’s John Embry in London to discuss a subject that we suspect could peak the interest of more than a few readers.
Could silver reach $1,000?

SprottIn this Must Listen gold and silver update, Eric Sprott discusses the latest FOMC minutes, today’s gold and silver PRICE SMASH, the struggling global economy, and the continued interest in the mining shares. We’re in the 1st or 2nd inning. We Have a LONG Way to Go…