41 Metric Tons of Silver Withdrawn From The Shanghai Futures Exchange

Shangahai Futures Exchange Silver Inventories April 18 2014In the past week, the Shanghai Futures Exchange suffered another large withdrawal of silver from its warehouse stocks. 
The Shanghai Futures Exchange has had another 41 metric tons (1.3 million oz) of silver withdrawn since April 10th. 
Silver inventories have declined to their lowest levels since the exchange started building its silver stocks in August, 2012. [Read more...]

Gold & Silver: Stay the Course!

OLYMPUS DIGITAL CAMERAIf you were to base your decision-making on news alone, one is not making any money from buying gold.  Does that mean one should refrain from buying it?  The best answer comes from knowing your objectives.
If you want security from the out-of-control fiat spending of all Western governments, then yes, this continues to be the time to buy gold, [and silver].  In addition to the insane and unprecedented creation of “money out of thin air,” world-wide events are turning darker and darker.  Gold and silver remain one of the best means for attaining financial peace of mind, and one of the best forms of wealth preservation.  In this regard, price is of no consequenceOwnership is.  
Stay the course.

[Read more...]

Macleod’s Market Report: COMEX Silver Open Interest Close to All-Time Highs!

silver pricesIn western capital markets there is a widely-held view that a deteriorating economic outlook will provoke a run from commodities into cash, so those who regard gold as only a commodity are bearish but have almost certainly already sold. The four billion Asians who own most of the world’s gold take a different view, having learned through experience that their currencies collapse instead.
This sums up the opposing forces behind the gold price.  In futures markets the bets are in favour of shorting, while the Asians continue to buy physical. And this is why yet again, the London gold forward rate (GOFO) went sharply into backwardation last Friday when futures markets forced prices lower.
Prices for gold and silver sold off last week, with gold falling from a high of $1331 to a low of $1286 on Tuesday, and silver went as low as $19.22 at one point.
Silver’s open interest on Comex has been building and is now close to all-time highs at over 164,000 contracts. When the tide turns, silver should be the star performer.

[Read more...]

Elite Manipulation, Not Chinese Demand Remain in Control of PM Prices

Jamie DimonFor the past several weeks, we have shifted focus on what we see as the truer “story” of the PMs market, [Precious Metals].  Some may think we have gone off on an unrelated tangent talking about the elites and fiat currency.  The PM community has maintained a relentless focus on how much gold is being imported by China, the diminishing supply of physical gold at COMEX and LBMA, and a host of other popular statistics that support what seems to be important for gold and silver adherents in their beliefs that should ultimately lead to higher prices. 
The Law of Supply and Demand is what determines price.  Not enough are looking at how the elites are able to distort that Natural Law and bend it to their will.  It is the power they can exert, and distort, on any aspect of human life, at least in the Western world, that keeps gold and silver at unnaturally low prices.  The more cogent issue is, for how much longer can elites keep their unnatural control over the natural forces of Supply/Demand?

[Read more...]

Alasdair Macleod’s Market Report: Central banks add to gold reserves

Gold and Silver YTD $The correction in the gold price continued this week, falling another $40 to a low of $1290 yesterday. In all, gold has retraced nearly half this year’s rise and silver has retraced most of its rise since end-January, with the gold/silver ratio increasing to over 65 times. However, this disappointing performance for precious metals masks some strong undercurrents in gold.
Current prices appear to be stimulating new sources of physical demand in a deeply oversold physical market.
At some stage gold and silver are set to rise strongly, but in the very short term paper traders remain in control.

[Read more...]

David Morgan: $100 Silver May Be Conservative!

David Morgan from Silver-Investor.com says, “The rush into gold is basically nation states, but the rush into silver is basically ‘the people,’ and it’s not just ‘the people’ of the U.S., it is ‘the people’ of the world. There will be a rush into gold and then silver like you have never seen before. This will be a global phenomenon. It wasn’t in 1979, this time it will be. You will either have it or you don’t.
What are Morgan’s price targets? Morgan says, “I am on the record that silver will hit $100 an ounce, and that may be conservative.”  [Read more...]

Silver Update: Picks & Pans

silver updateBrotherJohnF discusses his own picks and silver purchases in his latest Silver Update:
Picks & Pans [Read more...]

Silver Update: Debt Destruction

silver updateBrotherJohnF is back with his latest public silver update:
Debt Destruction [Read more...]

Gold’s Wall of Worry

goldThe general tone of financial markets is tilting perhaps towards deflation. China is trying to slow monetary growth, leading to revised GDP forecasts, and possibly the end of her property bubble. To this we add the Fed’s monetary policy, which on the basis of last week’s FOMC meeting appears to be less inflationary in tone. In the cliché of old, gold is climbing a wall of worry.
All this is essentially short-term noise, so long as central banks continue to rely on printing money to rescue the global economy and the financial system at times of stress.  A deflationary crisis will always provoke an inflationary response, and that is what the primary trend in gold and silver is all about.

[Read more...]

Is NOW The Right Time for Silver? The Doc Weighs In

SDBIs NOW the Right Time for Silver?

In this exclusive interview with Reluctant Preppers, precious metals advocate The Doc from SilverDoctors.com & SDBullion examines the essential points that must be considered when deciding whether NOW is the right time for silver.

The Doc discusses where we are at in the current secular bull market, market psychology, physical demand trends he’s seeing in the market, and what the final blow-off tops in gold & silver are likely to look like. 
The Doc covers how he recommends strong your precious metals (storage MUST be allocated & segregated), discusses what lies ahead in 2014 for Gold and Silver, and explains why we should listen to Eric Sprott & Jim Sinclair’s outlooks for Gold and Silver in 2014.

Is NOW the right time for silver?  SDBullion’s founder breaks down the PM market below: [Read more...]

Precious Metals Prices To Rise As The U.S. Economy Disintegrates

gold standardAs the U.S. economy continues to disintegrate, increasing numbers of investors will be forced to move out of paper assets and into physical gold and silver to protect their wealthAt first the move will be slow, but as Americans wake up from four decades of fiat monetary amnesia, it will turn into a torrent.
Unfortunately, there won’t be much in the way of physical precious metals to “GET” at this time, as the clever Chinese and Easterners already cleared most of the shelves.
Currently, Americans are invested in the largest Paper Ponzi Scheme in history.  They hope and pray that the DIGITS in their accounts will be good as gold when they retire.  Unfortunately for them, the only thing that is good as gold….. IS GOLD (or silver).

However, Americans will still be shocked and stunned that they didn’t see this big transfer of wealth coming….. and there is a good reason for that.  [Read more...]

Macleod’s Market Report: Gold Storms Through $1350

empire revoltRussia and NATO are playing a game of financial chicken over Ukraine, which is deeply concerning.
Russia appears to have calculated that the West would not dare to precipitate a financial and trade war with the largest exporter of energy on the planet.  However, it appears that the West is ignoring economic risks: Russia is not to be permitted to invade a sovereign territory next to the EU’s border, so it’s political principals before money. To make the situation considerably more serious, China has weighed in on Russia’s side, as she was bound to do as co-founder with Russia of the Shanghai Cooperation Organisation.
The point is not lost on those interested in gold: it amounts to a financial war between long-time bulls in Eurasia, and long-time bears in the West.

All the golden cards are held by China and Russia while we Westerners have none. 

[Read more...]

David Morgan: Silver Forming the Most Bullish Cup & Handle Possible!

Play

Silver expert David Morgan joins SD Metals & Markets for an explosive show:

  • David breaks down this week’s trading in gold & silver: David states that silver is forming the most bullish cup & handle formation possible, and joins The Doc’s sentiments that you do NOT want to be short gold or silver this weekend ahead of the Crimea referendum
  • David provides his medium and long term outlook for the metals, including when the next avalanche of momentum buying to the upside will come, and predicts when the final blow-off top to the long term secular gold and silver bull markets will materialize
  • The Fed’s custodial treasury bond holdings plunge by $105 billion in the past week, as Russia likely pulled their t-bond holdings from the Fed to prevent an asset freeze in response to the annexation of Crimea (Putin is 1-stop ahead yet again)
  • We break down the build-up for war, and what to expect this weekend as the dominoes begin to fall in Ukraine.  Are we on the brink of a military confrontation between two nuclear superpowers?  

The SD Weekly Metals & Markets With The Doc, Eric Dubin, & guest host David Morgan of Silver-Investor.com is below: [Read more...]

Alasdair Macleod Market Report: Gold challenges $1350

Gold $The futures markets for precious metals are now at a crossroad. The short positions of the hedge funds, which have driven gold and silver prices higher have now been significantly reduced and are no longer extreme. In gold the bullion banks appear to have taken these positions onto their books and also as swaps. In silver, the shorts have been crossed out against matching longs with open interest falling by 18,000 contracts since mid-February. So instead of precious metals being driven by a bear squeeze, the market will need to either continue to lose physical metal to Asia or find growing support from new bulls attracted by the reversal in trend. [Read more...]

Silver Breaks Massive 30 Year Base Pattern to the Upside!

SILVER BIG PICTURE MAR 52014 should be a great year for Commodities and Miners and I expect a period of financial market turmoil for the US Market. I believe that we are very close to an important corrective move as the Market is due to top in March 2014.
Since the beginning of the year we can notice that money has been flowing into Commodities, Metal and Miners.
 The market gave us some important clues already at the beginning of 2014 – some ratio charts were clearly telling us that early January was a buy signal for all the Mining stocks. They also put in perspective that money flow was going to come into the Metal and the Miners sectors.
The current Gold Double Bottom Pattern occurs right on the symmetry guideline. Silver is also in a process of a Double Bottom Pattern and back tested twice the Base Pattern neckline.  Silver broke above a 30 years base pattern neckline and back-tested it in early 2014.  The silver chart looks immensely bullish

[Read more...]