Silver Prices – Megaphone Patterns

Silver Megaphone PatternsPresident Nixon closed the “gold window” in August 1971.   That decision enabled the exponential growth of debt, paper currencies, and prices.    The process is simple and clear.  Remove the gold backing from the dollar, enable the creation of nearly unlimited dollars and debt, many more dollars chase somewhat more goods, prices increase, proclaim it is “all good” and then create even more dollars and debt. 
So what about silver?
Silver prices have increased but in a disorderly manner.  Rather than focus on details, examine the big picture – 43 years of monthly price data in one chart – represented by four megaphone shaped price patterns.
My interpretation is that zone 4 – a long and aggressive move upward – is still in progress, with a  round number target for silver is $100 or more in 2016 – 2019.  

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Like Dripping Silver Icicles

letter jul 27 silver candlesI don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market.
It did not happen in the silver futures market, nor in the gold market. 

Notice the “icicles” (chartists often call them hammers or hanging men) dripping all over the place?
They occur at different times of the day, including normal market hours in New York, Europe, and Asia, and they aren’t mere artifacts of market open or close, or illiquidity. I have not noticed them with such frequency before in silver.
What are they?

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How the Gold/Silver Ratio Can Greatly Increase Your Physical Holdings

Gold Silver Ration Jul 14The magic of compound interest is well known.   What is lesser known is the magic of the gold/silver ratio, not as a measure as it is mostly viewed, but as an application for increasing one’s holdings substantially, over time. 
What is so great here is that no magic is involved, rather simply utilizing the market to more than double your holdings.
So-called “Gold Bugs” are considered ardent supporters of the PM [Precious Metal]. 
Silver stackers are just as avid.   Then there are those willing to buy either or both.
The chart below is the gold/silver ratio going back 15 years, and this is a hindsight analysis brought forth to the present tense for future consideration that can greatly increase net holdings at almost no cost, those being transaction costs from a dealer.

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Three Signals For A Huge Silver Spike In 2014 (Has JPM Gone Massively Long Silver?)

While the average price of silver remains at a multi-year low, there are several indicators pointing toward a much higher price by the end of the year.
If we look at all three INDICATORS-SIGNALS together, we can see SOMETHING BIG is getting ready to occur in the precious metals market.

The first involves what appears to be evidence that JPMorgan has gone MASSIVELY LONG silver:

 

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Tekoa Da Silva: Dollar to Die Like a Lobster in Boiling Water- Asia is Ready to Eat!

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SilvaSprott’s Tekoa Da Silva joins The Doc & Eric Dubin on this week’s Metals & Markets from the Sprott Natural Resource Symposium in Vancouver discussing:

  • PM futures roller coaster: metals smashed under $1300 and $21 ahead of options expiration, but close week with a strong Friday afternoon rally- is the take-down over?
  • Tekoa discusses his journey from PM journalist and pod-caster to Investment Executive at Sprott Global- what he’s learned from the brilliant minds there including Sprott, Rick Rule, and John Embry, and how SD listeners can apply lessons he’s learned at Sprott to their investing
  • With the BRICS announcing the $100 billion central banking alternative to the West, Tekoa discusses the death of the US & the dollar as occurring gradually so as not to alarm the boiling lobster: “At some point the lobster will pass away, and be eaten by outside groups!
  • Tekoa reveals how he was able to get the  ECB’s Mario Draghi to admit central banks’ gold leasing has been unsuccessful 
  • From the stunning “Castle in the City” in Vancouver, Tekoa gives an inside update on the Sprott Natural Resource Symposium, and reveals how excited the Sprott team is about the next major bull upleg in the PM and natural resource sector. 

The SD Weekly Metals & Markets With Tekoa Da Silva from the Sprott Natural Resource Symposium in Vancouver is below:  [Read more...]

Derivatives Armageddon: Yes, Gold & Silver Will Indeed Go to the Moon!

moonThe coming derivatives collapse is one of the primary reasons the price of gold (and silver) is going to the moon. Gold will start moving well in advance of this event but it will go parabolic once it becomes obvious to everyone.
Our derivatives Armageddon series continues with Part 2 below.
In this video we discuss some of the insanity that lies behind U.S. derivatives accounting rules and how they favor the banks at our expense: [Read more...]

GATA Chairman: JPM Has RUN OUT of Physical Silver- Most Explosive Gains of Entire Bull Market Ahead!

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GATA Chairman Bill Murphy joins The Doc & Eric Dubin on this week’s show to discuss: 

  • Why Murphy believes JPMorgan accumulated vast stores of PHYSICAL SILVER into the 2011 top while shorting the paper market, and has used the physical stockpiles to smash silver lower over the past 3 years- resulting in a paper fortune for JPM, but that the market action over the past 2 months indicates JPM has RUN OUT OF PHYSICAL SILVER to manipulate prices down!
  • Gold & silver’s trading in the wake of the MH17 tragedy- Murphy explains why the cartel never allow the PMs to hold their gains from an international crisis
  • Big money responds to early week take-down of gold & silver with massive physical buying- signs we may be in the early stages of a massive sustained run for the metals
  • The GATA Chairman provides his current outlook for gold & silver, and states that the next rally will see the most volatile and explosive moves to the upside for gold & silver of the entire bull market!

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & GATA Chairman Bill Murphy is below: 

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Alasdair Macleod’s Market Report: Sharp Consolidation

silver crashBefore Thursday’s rise in bullion prices, precious metals were in corrective mode this week after recent rises.
There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.
This negative action occurred at the same time as a new banking crisis was developing in Portugal, with Banco Espirito Santo getting into financial difficulties.   For many gold traders, this suggested these large sales were price intervention to maintain confidence in the financial system.  For this to be true, Open Interest would have expanded on Comex reflecting new opening bear positions.
As the chart below clearly shows this cannot have been the case.

 

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BIX WEIR: Silver Smashes, Silver Derivatives & the London Silver Fix

While the criminal conspiracy to FIX silver and gold continues, and as the criminal cartel dumped $2.3 BILLION IN FUTURES in 5 minutes Tuesday, causing gold to plunge back below $1300 — down more than $40 in just a few trading sessions, Bix Weir joined the SGTReport for his take on the “end” of the London silver FIX – and the current state of the CRIMINAL CONSPIRACY to FIX silver and gold.  [Read more...]

Will Gold, Silver Continue Higher in 2014? -Rick Rule

Get_Ready_for_SummerRick Rule, Chairman of Sprott US Holdings Ltd. said in early March that the market looked overheated and was due for a pullback.
Gold and silver had just delivered double-digit gains in a few months.   Sure enough, from mid-March until early June, the precious metals gave up much of their gains.
Since early June, resource stocks have surged higher once again.2 So the question on my mind was: Where is gold headed for the remainder of the year? Will this rally pull back?
Rick recently gave me his answer: [Read more...]

A Final Summer Low Still Ahead as Gold’s Sabbatical Rest Comes to an End & Gold Heads to $10,000+!

gold bottomGold was expected to ‘begin a rise in May, continue into June, and make a TOP in June before reversing into a Final Summer Low’.
A final summer low is still ahead for Gold.
Since the bull began in 1999, every 7th year Gold takes a Sabbatical Rest.   T
he first was in 2006 when gold traded to $650.  Gold has completed its second cycle of sabbatical rest as of June 2014.
The coming summer low will be the FINAL ENTRY LOW and the ‘Buy-of-a- Lifetime’ before a Moon Shot to $2000 by year end!

Starting this summer Gold will begin its final 7 year cycle (2 x 3.5 years) climb to over $2000 in 2014 and $10,000+ into the year 2021! 
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The Time to Stack is When Retail Investors Are Liquidating Their Metals!

india silverFollowing public statements is a way to lose not gain money.
What would be interesting to me might be learning that the local coin shop did a brisk business buying from retail back into stock.
If I were to buy at the same price and time I would be on the other side from retail, and more optimistic. In matter of fact, my optimism for a good trade would be pretty much inversely correlated to the pessimism of the small traders as a group.
But that, while a step forwards, is still not enough.
This really is a tough business, and every newcomer has to learn that the same expensive way.

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Gold & Silver Smashed Again As Another $2.3 Billion in Gold Futures Dumped on Market

silver smashFollowing Monday’s $1.3 billion paper gold dump on the COMEX open, the cartel has hit gold and silver again Tuesday, and has finally succeeded (for now) in driving spot gold back under the critical $1300 level- but it took twice the amount of paper used yesterday, as an astonishing $2.3 BILLION in gold futures were just dumped on the market.  [Read more...]

Eric Dubin: Silver to $25 in July!

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silverIn the latest SD Weekly Metals & Markets, The Doc & Eric Dubin discuss: 

  • Silver’s 6-week climb isn’t over- Eric Dubin predicts silver to soar nearly 20% in July- and likely reach $25 by the end of the month!
  • European banking crisis as Portugal’s Banco Espirito Santo nears collapse & the return of bail-in risk: Why depositor bail-ins can’t stop a derivatives contagion!
  • Manipulation won’t die with the London Fix: Thompson-Reuters & CME chosen to run electronic silver fix beginning August 15th
  • France joins Russia & China in threatening to dump dollar for international trade- why the dollar is now OUR problem

The Doc & Eric Dubin break down the trading week & discuss what’s in store for the summer below: 
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Alasdair Macleod: The Ghost of Bail-ins Past Returns to the Financial Stage

bail inConfirmation of why Europeans might be buying physical gold arises from concerns over the financial health of Portugal’s Banco Espirito Santo, which has undermined share prices of the entire Eurozone banking sector.
The ghost of the Cyprus bail-in may be returning to the financial stage. 
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